by designonetest | Jan 17, 2023 | Business Law
The Legal Information Institute of Cornell University defines an agreement as a manifestation of mutual assent by two or more persons to one another. It is a meeting of the minds with a common intention, and it is achieved through offer and acceptance. Commonly...
by designonetest | Oct 26, 2022 | Real Estate Law
Foreclosures are highly regulated and controlled procedures. The basic steps are the same nationally, however, details and timelines may vary from state to state. For example, some states may allow the homeowner a Right of Redemption. Typically reserved for...
by designonetest | Oct 26, 2022 | Real Estate Law
The Consumer Financial Protection Bureau mentions another option for avoiding foreclosure. In a deed-in-lieu of foreclosure the homeowner and mortgage lender mutually agree to exchange the deed to the home to the lender, who then drops foreclosure proceedings. By...
by designonetest | Oct 26, 2022 | Real Estate Law
There are many steps homeowners can take and resources they can tap into to prevent a foreclosure situation. Not only does foreclosure mean the loss of the home and relocation, but it also has significantly damaging impacts on credit histories and scores, which can...
by designonetest | Oct 26, 2022 | Real Estate Law
There are two primary types of foreclosure in the United States. The type of foreclosure filed will depend on the terms of your mortgage contract and the relevant laws of your state. Most foreclosures will be either a Judicial Foreclosure or Non-Judicial Foreclosure....
