Business Law & Regulations, Finance
September 9, 2020
Via: InvestopediaWhat Is Foreclosure? Foreclosure is the legal process by which a lender attempts to recover the amount owed on a defaulted loan by taking ownership of and selling the mortgaged property. Typically, default is triggered when a borrower misses a […]
Business Law & Regulations, Finance
August 31, 2020
Via: InvestopediaWhat Is a Sheriff’s Sale? A sheriff’s sale is a public auction at which property that he been defaulted on is repossessed. The proceeds from the sale are used to pay mortgage lenders, banks, tax collectors, and other litigants who […]