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In October 2020, Bid4Assets pioneered Pennsylvania's first internet-based sheriff sale for Montgomery County, Pennsylvania. Montgomery County's sheriff was quoted as stating “COVID-19 was clearly the precipitating factor and an online auction is a safer way to go in the current health crisis." [16] Bid4Assets also pioneered virtual sheriff ...
These laws can govern your mortgage relief options if you are already in foreclosure, how to post a Notice of Sale, the sale timeline and other parts of the process. Step 1: Missed mortgage payments
Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan. [1] [2]
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.
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Court auction is an auction which takes place at a public location designated by the court. If a property owner fails to pay the mortgage, the mortgage holder can foreclose on that property. If the owner is unable to make sufficient payments, the property can be sold at auction. The time and place of the auction is published in official records ...
In 1992, D.C. Transit defaulted on its payments to the Riders' Fund, which was created to settle two cases that challenged the company's fare increases of the 1960s. The Fund foreclosed on D.C. Transit's collateral, which included the Cabin John right-of-way, and the Riders’ Fund bought it at a public foreclosure sale on June 16, 1993.