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With 455 homes going into foreclosure, the 12th most populous state ranked 35th for highest foreclosure rate in March. Having 3,625,285 total housing units, the Old Dominion saw a foreclosure rate ...
But completed foreclosures rose 8% from March, suggesting that while fewer new cases began, the resolution of existing cases sped up, according to real estate data provider ATTOM's April 2024 U.S ...
Research from real estate data aggregator Attom shows through the first half of 2024, Nevada was fourth in foreclosures nationwide, with 0.19% of homes in active foreclosure, ranking behind New ...
REO sale property in San Diego, California. 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]
In the proceeding simply known as foreclosure (or, perhaps, distinguished as "judicial foreclosure"), the lender must sue the defaulting borrower in state court. Upon final judgment (usually summary judgment ) in the lender's favor, the property is subject to auction by the county sheriff or some other officer of the court.
Like foreclosure, the eviction process varies by state and location, but in general, the court must order evictions. If the court orders the eviction, you’ll receive an eviction notice.