Foreclosure Legal Definition Of Foreclosure

Most people buy a home by borrowing part of the purchase price usually from a bank or a mortgage company. What about a case where the attorney suing to foreclose of behalf of the bank submits a copy of the note (which original note actually has the original loan account number on it) which in the original complaint has no allonge and no transfer endorsements exist on the note.foreclosureforeclosure

This means that although you may have had many conversations with a mortgage lender’s collection and/or loss mitigation department in which you have been told you are in a foreclosure this really means you are in pre-foreclosure status until you are actually served with this foreclosure writ.foreclosure

If immigrants were the main reason for the foreclosures epidemic, then Lehman brothers and other multi-million dollar financial firms would not have gone belly-up, and the Fed would not be spending tax-payer’s money to …