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Foreclosure investment refers to the process of investing capital in the public sale of a mortgaged property following foreclosure of the loan secured by that property.. In real estate, foreclosure is the termination of the equity of redemption of a mortgagor or the grantee in the property covered by the mortgage.
The highest bidder at the auction becomes the owner of the real property, free and clear of interest of the former owner, but possibly encumbered by liens superior to the foreclosed mortgage (e.g., a senior mortgage, unpaid property taxes, weed/demolition liens).
RealtyTrac is a real estate information company and an online marketplace for foreclosed and defaulted properties in the United States. It was founded in 1993 and is based in Santa Barbara, California.
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Foreclosures Fuel the Engines of These REITs. 10 Top Banks Agree to Pay $8.5 Billion for Foreclosure Abuses. 10 myths about buying a foreclosed home. The Best Ways to Play the Housing Rebound.
PropertyShark was founded by real estate investor and software developer Matthew Haines following his work on renovating a five-family brownstone in Harlem. [7] The initial website launched on New Year's Day in 2003 and was first named MatthewHaines.com and later changed to NYCpropertyresearch.com. [4] [8] Haines reportedly created PropertyShark to make real estate data more accessible and ...