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· Because foreclosure destroys all interests that are junior to the mortgage being foreclosed, the junior mortgagee has the right to pay it off to avoid being wiped out by the foreclosure. The home equity lender may pay off the outstanding balance of the first mortgage and be subrogated to the bank’s rights against the debtor.
The following compilation of cases is an extended version of the list of Florida cases contained in the February 1, 2009 post, bona fide purchaser Doctrine, Possession Of Property By Occupants Other Than The Vendor & The Duty To Inquire, that address the issue of the effect of possession by an occupant of real property by one other than the seller/vendor on a prospective purchaser’s status as.
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The Home Equity Theft Reporter: Some Municipal Governments Bailing Out Of Subprime Investments. Scott signs foreclosure bill – [More Real Estate News] Taxed to the hilt, more northern homebuyers are migrating to Florida But Roy Oppenheim, a foreclosure defense lawyer based in Weston, blasted the law. He said it places a.
Real Estate Fraud Lawyer: What to Know and How to Defend Yourself if Charged Definition of Real Estate Fraud. Real estate and mortgage fraud have become hot-button legal issues after the foreclosure and financial crisis of 2008. Because public officials and politicians blamed the economic collapse on shady mortgage dealings, there has been tremendous pressure to fight mortgage and real estate.
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· It depends on where the home is in the foreclosure process. This is another reason why a knowledgeable real estate agent or attorney can provide a valuable service to you. Buying real estate at auction can be a lucrative-and fun-way to start or enhance your investing career.
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Southeast Queens has been the epicenter of the city’s foreclosure crisis. Queens. Higher mortgage debt is usually a sign that home prices have risen, though it could also be a result of lenders.