redemption refers to the process of buying back or recovering assets or properties that have been sold, transferred, or mortgaged to someone else. Redemption is often used in the context of foreclosures, where homeowners are given a chance to redeem their properties before...
This is known as the right of redemption, but it rarely happens. Judicial and non-judicial foreclosure also allows the lender to sell the property for less than the amount owed. The lender can then sue the borrower for the difference. In a judicial foreclosure, the lender files a lawsuit ...
What Is a "Hard Money" Loan? Ahard money loanis backed by the value of a physical asset, such as a car or home. Thecollateralfor the loan means that this hard money loan has a more reliable value than an unbacked loan. What Is "Hard Money" Government Funding? Hard money is a ter...
Right of Redemption As the original property owner, you have the right to recover your property even after a tax deed has been issued. This is called the right of redemption, but it must be done within a certain time frame. In Texas, for example, the right of redemption period after a ...
This is when the home is put up for auction. If it sellsfor less than what you oweon the mortgage, some states allow the lender to require you to pay the difference. Redemption period Even if your home has been sold at auction, many states will allow you to reclaim it if you can ...
An ETF trades throughout the day, which means its NAV fluctuates more often than a mutual fund's.
What Is a Principal Reduction? A principal reduction is a decrease in the amount owed on a loan, typically amortgage. A lender may grant a principal reduction to provide financial relief for a borrower as an alternative to foreclosure on the property. Principal reductions were relatively common ...
in bank and credit card statements, rows of sales figures, and complex projections. That said, no matter how overwhelming the numbers may seem, it’s essential to keep track of your financial flow – after all, how can you plan for the future if you don't know where your money is ...
Installment financing is considered a type of unsecured loan, and in the past, it's typically been used when consumers want to buy a big-ticket item, such as furniture, electronics, jewelry, etc. But these days the "buy now pay later" option is showing up in nearly every sector, from ...
Many states offer what is known as redemption, a period after the foreclosure sale occurs when you can still reclaim your home. The "Notice of Sale" will generally inform you about the redemption period, and timeframes vary by state. You generally must be willing to pay the loan balance tha...