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Judicial Sale: Vacating before the Confirmation. The Illinois Mortgage Foreclosure Law, 735 ILCS 5/15-1101 et seq., strikes a balance between the competing interests of the mortgagee, mortgagor, and those who bid on foreclosed properties at judicial sales. Yet the precise weight of that balance was never clearly defined.

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It’s tricky, but we have you covered. Here are a few strategies to will help you become a double mortgage master. Don’t forget to like and share this page for more helpful content. themortgagereports.com You don’t always have to sell your house before buying another. Today’s housing and mortgage markets offer options for a relaxed housing.

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We’re not financial experts, and obviously we’ve never tried to get a mortgage. We tried to do it right. From the very beginning, we asked and asked when we could lock our interest rate. Our loan officer never explained the process to us, never gave us any guidance (and now we know we weren’t asking the right questions).

Start studying Chapter 10: Ethics in Mortgage Lending. Learn vocabulary, terms, and more with flashcards, games, and other study tools.. (Title 15 USC 41-58) prohibits unfair or deceptive practices of any kind, which includes. – Lenders benefit by making loans that should probably never.

That gave us clear title over the land, the house and was one of the best things we’ve ever done. From that point on we were 100% debt free. No car loans, no uni loans, no credit card debts or personal loans or even mortgage debt. Whatever we earned was now entirely ours to keep. It’s hard to describe how empowering that feeling is but.