What Is Market Foreclosure?
If the homeowner fails to pay the monthly loan amount on time within a certain period of time, the house will be confiscated by the loan company, and then sold through the auction company or real estate company. The price of such a house is lower than the market price. As the US real estate industry begins to show signs of stability, a new wave of home foreclosure may break out at any time, which is bound to pose a new blow to more families, communities and the still fragile economy.
Foreclosure
Right!
- If the homeowner fails to pay the monthly loan amount on time within a certain period of time, the house will be confiscated by the loan company and then passed
- The foreclosure of for real estate refers to a process in which some Americans use a mortgage to buy a house. Because there are no assets to mortgage, the purchased house serves as collateral, and the ownership of the house belongs to the institution that provides the loan. If the homeowner fails to pay the monthly loan amount on time within a certain period of time, the house will be confiscated by the loan company and redemption will be stopped [1]
- US foreclosed house auction $ 2,500 for "booking" due to
- Foreclosure tide How turbulent this wave of foreclosure is is still unclear. Part of the reason is that this wave of foreclosure may be involved, with many quality lenders and holdings
- Wall Street's historical experience as the United States government seeks to guard against foreclosure tide
- United States
- "Investing in Foreclosed Real Estate to Make Big Money"
- The latest data from the Mortgage Bankers Association shows that by the end of June 2009, more than 4 million U.S. homeowners had delayed mortgage payments or were facing foreclosure (foreclosure), accounting for approximately 9% of total mortgage homeowners.