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  2. Deed in lieu of foreclosure - Wikipedia

    en.wikipedia.org/wiki/Deed_in_lieu_of_foreclosure

    Deed in lieu of foreclosure. A deed in lieu of foreclosure is a deed instrument in which a mortgagor (i.e. the borrower) conveys all interest in a real property to the mortgagee (i.e. the lender) to satisfy a loan that is in default and avoid foreclosure proceedings. The deed in lieu of foreclosure offers several advantages to both the borrower ...

  3. Equity stripping - Wikipedia

    en.wikipedia.org/wiki/Equity_stripping

    Equity stripping, also known as equity skimming, is a type of foreclosure rescue scheme. Often considered a form of predatory lending, equity stripping became increasingly widespread in the early 2000s. In an equity stripping scheme an investor buys the property from a homeowner facing foreclosure and agrees to lease the home to the homeowner ...

  4. Lis pendens - Wikipedia

    en.wikipedia.org/wiki/Lis_pendens

    Lis pendens. In United States law, a lis pendens (Latin for 'suit pending' [ 1] ) is a written notice that a lawsuit has been filed concerning real estate, involving either the title to the property or a claimed ownership interest in it. The notice is usually filed in the county land records office. Recording a lis pendens against a piece of ...

  5. April Foreclosures: Fewer Starts, Faster Finishes - AOL

    www.aol.com/april-foreclosures-fewer-starts...

    But completed foreclosures rose 8% from March, suggesting that while fewer new cases began, the resolution of existing cases sped up, according to real estate data provider ATTOM's April 2024 U.S ...

  6. Foreclosure Fraud in Maryland: Banks' Lawyers Accused of ...

    www.aol.com/news/2011-03-09-foreclosure-fraud...

    False Deeds in Maryland: More Foreclosure Fraud Damage Emerges. As if the country needed more proof of the outlaw behaviors of banks and their agents, The Baltimore Sun 's Jamie Smith Hopkins ...

  7. Foreclosure - Wikipedia

    en.wikipedia.org/wiki/Foreclosure

    Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan. [ 1][ 2] Formally, a mortgage lender (mortgagee), or other lienholder, obtains a termination of a mortgage borrower ...

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