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  2. 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 ...

  3. What is the right of redemption? How it works during foreclosure

    www.aol.com/finance/redemption-works-during...

    For example, in Alabama, borrowers have the right for up to one year after foreclosure, while Illinois gives borrowers just 30 days after the sale. Limitations of right of redemption

  4. Deed of trust (real estate) - Wikipedia

    en.wikipedia.org/wiki/Deed_of_trust_(real_estate)

    In a deed of trust, a person who wishes to borrow money conveys legal title in real property to a trustee, who holds the property as security for a loan ( debt) from the lender to the borrower. The equitable title remains with the borrower. [ 1] The borrower is referred to as the trustor, while the lender is referred to as the beneficiary.

  5. Trustee Sales Guarantee - Wikipedia

    en.wikipedia.org/wiki/Trustee_Sales_Guarantee

    Trustee Sales Guarantee. In the United States, the Trustee Sale Guarantee (TSG) is the title guarantee that is issued at the beginning of a foreclosure. TSG helps the foreclosing trustee and beneficiary through the delivery of the information required in ensuring compliance with the statutes of foreclosure stipulated by the state.

  6. Los Angeles office skyscraper faces foreclosure sale - AOL

    www.aol.com/news/los-angeles-office-skyscraper...

    A notice of trustee’s sale for the high-rise on Bunker Hill was filed March 21 with the Los Angeles County Registrar-Recorder/County Clerk, setting the stage for a foreclosure sale as soon as 90 ...

  7. What is a deed in lieu of foreclosure? - AOL

    www.aol.com/finance/deed-lieu-foreclosure...

    Like a deed in lieu of foreclosure, in a short sale, the homeowner and their lender come to an agreement. In this case, though, the agreement is for the home to be sold for less than the balance ...

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