Different Types of foreclosures

     

    Investing in Real Estate

    Foreclosures

     

    Are there different types of foreclosures?

    Judicial foreclosure action is a proceeding in which a mortgage, a trustee or another lien holder on property requests a court-supervised sale of the property to cover the unpaid balance of a delinquent debt.

    Non-judicial foreclosure is the process of selling real property under a power of sale in a mortgage or deed of trust that is in default. In such a foreclosure, however, the lender is unable to obtain a deficiency judgment, which makes some title insurance companies reluctant to issue a policy.

    ·         Are foreclosures a good investment?

    ·         Are there different types of foreclosures?

    ·         How do I find a foreclosed property?

    ·         How does HUD affect my buying a foreclosure?

    ·         Where do you find government foreclosed homes?

    ·         Can I get financing on a foreclosure?

    ·         What are trustee sales?

     

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