March 21: Notice is filed that a foreclosure sale
will be conducted on June 3.
The maximum deficiency would be the difference between the final judgment--which can include the amount owed on the mortgage as well as attorneys' fees and other costs--and the greater of a) the amount received at the foreclosure sale
, or b) the fair market value of the home as of the date of the foreclosure sale
as determined by the court.
debtor) in a foreclosure sale
is unlikely to have gain from disposition of the USRPI.
Houston, the Second Department stayed a foreclosure sale
pending a determination on his application for a residential mortgage modification pursuant to the federal Home Affordable Mortgage Program (HAMP).
According to LPS Applied Analytics, for every foreclosure sale
in Ohio in April, there remained about 70 mortgages in a state of serious delinquency.
Additionally, Wells Fargo said that as a standard business practice the company continually reviews and reinforces its policies and procedures, which includes conducting additional reviews before loans go to foreclosure sale
The owner of the 100-acre Marcola Meadows project received a two-week reprieve from a bank that had planned a foreclosure sale
today at the Lane County Courthouse.
To collect the remaining debt, the lender posts a foreclosure sale
notice on the house and it is put up for public sale.
The fact that the creditor agreed to cancel the note on receipt of the net sale proceeds and that the buyer insisted all liens be canceled indicated the transactions were the same as a foreclosure sale
Resolution Trust Corporation, involved the question of whether a debtor could use federal bankruptcy laws to undo a foreclosure sale
carried out in compliance with state law.
Capital Bank obtained an independent appraisal in May 2012 to set the foreclosure sale
price and that appraisal valued the property at $400,000.