Failure To Hold Promissory Note May Block Forclosure

Tracking the economic effects of the housing bubble (crash) as a result of years of loose monetary policy. Start here to learn the basics – what foreclosure is how it generally works, and what your options are for avoiding foreclosure. The holder of your mortgage must publish notice of the foreclosure in the official county newspaper for public announcements where the real property is located for four consecutive weeks prior to the scheduled foreclosure.foreclosure

Any final judgment of foreclosure entered under this subsection is for in rem relief only. In Connecticut the foreclosure writ includes an application for foreclosure mediation with a court mediator which is described in more detail in prior posts to this blog.foreclosure

I am afraid many homeowners will buy into the chance that they will own their house without having to pay for it. Then, one day, after not having paid the mortgage for two years, …