I did not appear but through this agent I forced the foreclosure
, and but few days (no more, believe me, than the law allowed) were given John Claverhouse to remove his goods and chattels from the premises.
You must remember that the first mortgage comes in for the first claim after taxes, and if the foreclosure
doesn't bring enough to satisfy more than that, the second mortgage is sleeping on its rights.
There are deeds of trust, mortgages, certificates of release, transfers, judgments, foreclosures
, writs of attachment, orders of sale, tax liens, petitions for letters of administration, and decrees of distribution.
There were no foreclosures
of mortgages, no protested notes, no bills payable, no debts of honour in Typee; no unreasonable tailors and shoemakers perversely bent on being paid; no duns of any description and battery attorneys, to foment discord, backing their clients up to a quarrel, and then knocking their heads together; no poor relations, everlastingly occupying the spare bed-chamber, and diminishing the elbow room at the family table; no destitute widows with their children starving on the cold charities of the world; no beggars; no debtors' prisons; no proud and hard-hearted nabobs in Typee; or to sum up all in one word--no Money
WHEN A MORTGAGEE receives property through voluntary reconveyance, foreclosure
or abandonment, no gain or loss is recognized and the debt is not considered worthless or partially worthless.
auctions by borough (chart courtesy of Propertyshark.
rates nationwide jumped by 24% in August from the previous month, which is a 53% increase over last year and a record high for 2006, according to RealtyTrac, an online marketplace for foreclosure
The number of homes entering the foreclosure
process steadily increased on a national basis throughout 2005--with Florida, Colorado and Utah posting the highest foreclosure
rates, according to Irvine, California-based RealtyTrac[TM].
AcSEC, however, did reach a conclusion on the in-substance foreclosure
issue and issued a new practice bulletin no.