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Bank-owned properties may also be referred to as real estate owned or REO homes, REO properties or simply REO. ... For example, Bank of America and Wells Fargo each have an online hub of REO listings.
The 2010 United States foreclosure crisis, sometimes referred to as Foreclosure-gate or Foreclosuregate, [1][2] refers to a widespread epidemic of improper foreclosures initiated by large banks and other lenders. The foreclosure crisis was extensively covered by news outlets beginning in October 2010, and several large banks—including Bank of ...
Collateral Protection Insurance, or CPI, insures property held as collateral for loans made by lending institutions. CPI, also known as force-placed insurance and lender placed insurance, [1] may be classified as single-interest insurance if it protects the interest of the lender, a single party, or as dual-interest insurance coverage if it protects the interest of both the lender and the ...
New Jersey Fair Foreclosure Act. The Fair Foreclosure Act (FFA), N.J.S.A §§ 2A:50-53 to 2A:50-73, is a state law that protects residential mortgage debtors and establishes a uniform statutory framework under which courts can more clearly identify the rights and remedies of the parties involved in foreclosure proceedings throughout New Jersey. [1]
Credit score. Missed mortgage payments. Damage to score. 793. 1 (30 days past-due) 63-83 points. 710. 1 (30 days past-due) 45-65 points. 607. 1 (30 days past-due)
About 17,000 cars per day travel down St. Andrews Road near the property, with about 10,000 cars per day traversing nearby Bush River Road, per state traffic count data.