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Jacksonville, North Carolina Real Estate

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In order to determine what kind of foreclosure property is your best bet, it’s important to know the lingo. Our site offers information and listings for all three phases of the Foreclosure process. In this case the home moves into foreclosure at which point it will be sold at auction. The judicial foreclosure process is used in States that recognize mortgages as the primary legal instrument securing a lenders interest.

Lastly, go online, meet up with an attorney or contact a HUD-approved housing counselor to find out what your options are in trying to stop a foreclosure. Most foreclosure listings are real-estate owned, which means the properties are owned by banks or lenders.foreclosure homesforeclosure homes

Instead the mortgagee realises the security through sale, the exercise of the power of sale also being regulated by statute. Many foreclosed homes have serious issues like cracked foundations or leaky roofs that can be quite costly …

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