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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.
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 ...
The Southfield Town Center is a cluster of five interconnected skyscrapers forming a contemporary 2,200,000-square-foot (204,400 m 2) office complex in the Detroit suburb of Southfield, Michigan. It includes the Westin Southfield Detroit Hotel, restaurants, a fitness center, and a major conference center for up to 1,000 attendees.
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 ...
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The area has approximately 36,000 (including retail) office workers in finance, insurance, real estate, health care, IT, automotive, government, education, software, and other emerging industries. The City Centre is a pedestrian friendly mixed-use district for the City of Southfield. [2] [3] [4] Lawrence Technological University Athletic Stadium
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