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The lender/private investor (the trustees) use a title company to issue the TSG, which give notice of the pending foreclosure. A Notice of Trustee's Sale notify homeowners and mortgage borrowers that their property will be sold at a trustee's sale on a specific date and at a specific location. The actual sale typically completes a non-judicial ...
The borrower's equitable title normally terminates automatically by operation of law (under applicable statutes or case law) at the trustee's sale. The trustee then issues a deed conveying the legal and equitable title to the property in fee simple to the highest bidder. In turn, the successful bidder records the deed and becomes the owner of ...
In response, a slight majority of U.S. states have adopted nonjudicial foreclosure procedures in which the mortgagee (or more commonly the mortgagee's servicer's attorney, designated agent, or trustee) gives the debtor a notice of default (NOD) and the mortgagee's intent to sell the real property in a form prescribed by state statute; the NOD ...
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The filing alleged that the bankruptcy trustee improperly colluded with Connecticut families who won nearly $1.5 billion in legal judgments against Jones after he called the 2012 Sandy Hook school ...
The oceanfront sale on the South End of Palm Beach was an off-market ... Hannity filed a notice in 2024 with the Palm Beach County Clerk declaring his Palm Beach townhouse to be his primary home ...
But many documents will give the individual co-trustee powers that differ from the corporate trustees. For example, the individual co-trustee's rights and duties may be limited to dealing with discretionary distributions of principal and income, sale of a personal residence held in the trust, or sale of a "heartstring asset." [35]
According to county records, Richardson received a default notice and Notice of Trustee's Sale in late 2007. In December 2007, Richardson was behind in payments by more than $18,000. [12] According to the couple that sold the home to Richardson, Richardson was not maintaining the home.