Connecticut Bankruptcy & Foreclosure Defense Blog

Foreclosure is a catch-all term for the processes used by mortgage-holders , or mortgagees , to take mortgaged property from borrowers who default on their mortgages Foreclosure, like mortgages generally, is governed by the law of the place where the mortgaged thing is. All involved need a resolution that will end in a resumption of the payments, or an agreed-upon foreclosure with indemnities to the home owner against future troubles (say from the real owner of the original promissory note), or some contractual arrangement that ends up with a salable property in the local community.

The morally corrupt bank sponsored attorney – Kristi Pallen – ( [email protected] ) (330-405-1199) has fought hard to legally block the Yeager’s request for a Stay (of an eviction) and also has refused a supersedeas property bond offer (collateral). If there are no bids higher than the opening bid, the property will be purchased by …

What Is A Foreclosure And How Does It Work?

FORECLOSURE ADJOURNMENTS: Defendants are entitled to two (2) statutory adjournments. The Protecting Tenants at Foreclosure Act (PTFA) will expire at the end of this month. Prior to the passing of the law, which, by the way, goes into effect immediately, a bank would file a foreclosure complaint and serve it on the homeowner. This typically occurs because many of the properties up for sale at foreclosure auctions are worth less than the total amount owed to the bank or lender.foreclosureforeclosure

Foreclosure in the People’s Republic of China takes place as a form of debt enforcement proceedings under strict judicial foreclosure, which is only allowed by law of guarantee and law of property right. The foreclosure process may begin once a mortgage borrower , or mortgagor , falls so far behind on her mortgage payments that she enters default The conditions for entering default vary, based on state law and terms …