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The Judicial foreclosure action:
The Judicial foreclosure action is a proceeding in which a
mortgagee, a trustee or another lien holder on property requests
a court-supervised sale of the property to cover the unpaid
balance of a delinquent debt.
The Non-judicial foreclosure:
The Non-judicial foreclosure
is the process of selling real property under a power of sale
in a mortgage or deed of trust that is in default. In such
a foreclosure, however, the lender is unable to obtain a deficiency
judgment, which makes some title insurance companies reluctant
to issue a policy.
It is wise to be cautious
when considering a foreclosure:
Foreclosures can be strictly "caveat emptor" (let
the buyer beware) and it is important to work with an expert
in order to be sure that any liens, undisclosed mortgages
or court judgments are cleared or at least disclosed.
> Contact us for more information
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All information
furnished regarding property for sale, rental or financing is from
sources deemed reliable, but no warranty or representation is made
as to the accuracy thereof and same is submitted subject to errors,
omissions, change of price, rental or other conditions, prior sale,
lease or financing or withdrawal without notice. All square footage
and dimensions are approximate. For exact dimensions, you must hire
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