When property is sold at a public auction by a trustee as authorized under the power-of-sale provision in a trust deed.
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An owner’s one year redemption period after a judicial foreclosure sale on recourse debt.
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Pursuit of a money judgment against a property owner under a judicial foreclosure.
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Judicial foreclosure – the court-ordered sale by public auction of a mortgaged property.
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Distinguish between recourse and nonrecourse mortgage debt to determine the remedies available to homeowners and lenders in the event a homeowner defaults.
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A borrower defaults on a mortgage secured by a trust deed on an income-producing parcel of real estate, portions of which are unimproved and vacant. The mortgage holder files a judicial foreclosure action.
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Does the “security first” rule apply when the whole security is no longer available?
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Think twice before walking away from your vacation property.
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Facts: A property owner obtained a loan secured by a trust deed on their property. The lender...
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An HOA recorded a lien on the unit, failing to notify the owner within the required 10 days. Is the lien still valid?
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A recent report from Barclays (of Libor scandal fame) seeks to inspire fear and blame their inadequacies on the Homeowner Bill of Rights.
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New York is the first state to guarantee legal representation to homeowners in foreclosure cases....
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