Business Law & Regulations, Finance
May 12, 2023
Via: LexBlogIn Schmitt v. Security National Servicing Corporation, the plaintiff filed a class action complaint alleging violations of the Fair Debt Collection Practices Act (FDCPA) and Ohio Residential Mortgage Lending Act (RMLA) premised on the assertion that her loan documents did […]
Business Law & Regulations, Finance
April 13, 2022
Via: InvestopediaWhat Is a Mortgage Rate Lock Float Down? The term mortgage rate lock float down refers to a financing option that locks in the interest rate on a mortgage with the option to reduce it if market rates fall during […]
Business Law & Regulations, Finance
December 17, 2021
Via: InvestopediaUnderstanding Right of Redemption When an individual obtains a mortgage to buy a home, the home itself serves as the collateral for the loan. That means that the home owner forfeits ownership of the home if they default on their […]
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 […]
June 15, 2020
Via: InvestopediaIf you can’t keep up with your mortgage payments, the prospect of foreclosure—and losing your home—can be daunting. Still, foreclosure is a legal process, and you have rights based on state law and the mortgage documents you signed. Knowing your […]
July 10, 2024
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