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Real Housewives of Atlanta star Kim Zolciak-Biermann and husband Kroy Biermann’s Georgia mansion is in foreclosure and will be going to auction next month, Us Weekly can confirm. Mention It All!
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.
Nevertheless, in an illiquid real estate market or if real estate prices drop, the property being foreclosed could be sold for less than the remaining balance on the primary mortgage loan, and there may be no insurance to cover the loss. In this case, the court overseeing the foreclosure process may enter a deficiency judgment against the ...
Real estate owned, or REO, is a term used in the United States to describe a class of property owned by a lender—typically a bank, government agency, or government loan insurer—after an unsuccessful sale at a foreclosure auction. [1]
Strict foreclosure is also an effective remedy where the value of the goods foreclosed is the equivalent of the debt due and owing, and the creditor can easily sell the goods for that value. In order to effect a strict foreclosure, the creditor must transmit a proposal indicating their desire to foreclose, which must be sent to the debtor and ...
Snellville is a city in Gwinnett County, Georgia, United States, east of Atlanta. Its population was 20,573 at the 2020 census . [ 3 ] It is a developed suburb of Atlanta and a part of the Atlanta metropolitan area, and is located roughly 33 miles east of downtown Atlanta via US 78 and Interstate 285 .
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