New legal bar to foreclosing on long-time nonperforming second mortgages
A new law provides property owners additional defenses against servicers of old, “zombie mortgages.”
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Tag: junior lien
Form-of-the-Week: Deed of Trust & Assignment of Rents, and All-Inclusive Trust Deed Addendums — Forms 450, 442 and 443
An agent or escrow officer uses these forms when a seller of property carries back an all-inclusive note and trust deed (AITD) evidencing a principal debt which includes the balance owed on an existing mortgage and a payoff demand.
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Brokerage Reminder: Bone up on property profiles
A weekly reminder to stay on top of your practice!
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