If you take out a mortgage, your lender gets a lien–a legal claim against your property–on the house. Other forms of real-estate liens include property When your house is sold at foreclosure, the money goes to pay off your lienholders. If the sale price is big enough to settle all your debts, the liens will be.

A foreclosure is the legal process by which a mortgagee (typically a bank) obtains a court ordered termination of the home-owners "equitable A Short Sale is an option of a homeowner selling a home for less than the balance on their current mortgages and the mortgagee agrees to a reduced payoff.

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2) the financial amount (money) paid by someone else for the use of a person’s money, as on a loan or debt, on a savings account in a bank, on a certificate of deposit, promissory note, or the amount due on a judgment.Interest is usually stated in writing at the time the money is loaned. Conflicts of Interest in Litigation Services Engagements-Special Report 93-2 (# 055141JA).

Mortgage, Foreclosure Mess Broadens, Deepens Accordingly, the anticipated recovery through foreclosure on a net present value basis is $325,000.00 or less and the recovery under the proposed loan modification at $330,000.00 exceeds the net present recovery through foreclosure of $325,000.00 by over $5,000.00.

Foreclosure backlog deepens. By Les Christie October 5, 2011: 1:15 PM ET. NEW YORK (CNNMoney) — As the foreclosure backlog continues to build up, delinquent borrowers are spending even more time in their homes without making mortgage payments.

News > Business > Business Analysis & Features The great American mortgage crisis deepens foreclosure abuse has sparked anger at the banks, as fears over its impact on the fragile housing market. In recent days major lenders-including JPMorgan Chase, Ally Financial’s GMAC Mortgage unit and Bank of America-have conceded that paperwork.

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