A foreclosure deed is a legal document granting ownership of property to the purchaser at a foreclosure sale. Depending on the type of foreclosure followed, a foreclosure deed may be a sheriff's deed or a trustee's deed. The effect of a foreclosure deed is to transfer legal title of proper...
Image Credit:Terrance Emerson/iStock/GettyImages A foreclosure deed is a legal document granting ownership of property to the purchaser at a foreclosure sale. Depending on the type of foreclosure followed, a foreclosure deed may be a sheriff's deed or a trustee's deed. The effect of a forecl...
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A deed in lieu of foreclosure is sometimes referred to as simply a "deed in lieu." It transfers a home's title from the owner to the bank that holds themortgage. The action is taken in lieu of having the lender foreclose on the property. Homeowners who find themselves with mortgage paym...
A deed is essentially a piece of paper that transfers interest in land from one person, called the grantor, to another, called the grantee. It's essentially a real estate contract. To be legally effective, it must be signed by the grantor and describe the land being conveyed. A ...
In a non-judicial foreclosure, the mortgage lender can claim its right to a property without a court order. This is only an option in about half of U.S. states — and only if apower-of-sale clausewas included in the mortgage or deed of trust. ...
Foreclosures impact your credit report and finances and should be avoided. A deed in lieu of foreclosure may be an alternative. Learn what it is and how to use it.
A deed is essentially a piece of paper that transfers interest in land from one person, called the grantor, to another, called the grantee. It's essentially a real estate contract. To be legally effective, it must be signed by the grantor and describe the land being conveyed. A ...
Foreclosure Investopedia / Danie Drankwalter What Is a Trust Deed? A trust deed —also known as adeed of trust—is a document sometimes used in real estate transactions in the U.S. It comes into play when one party has taken out a loan from another party to purchase a property. The tr...
Trust Deed: What It Is, How It Works, Example Form In real estate transactions, a trust deed transfers the legal title of a property to a third party until the borrower repays their debt to the lender. more Pre-Foreclosure: How It Works in Real Estate, FAQs Pre-foreclosure is the ...