REO
Acronym for Real Estate Owned. These are bank owned properties acquired when the bank forecloses on delinquent loans.
Short Sale
When the borrower is behind on payments and/or when formal foreclosure action has begun, the bank may consider accepting payment short of what is owed to avoid foreclosing on the property.
Deed in Lieu
Deed in Lieu of Foreclosure is when the lender accepts the title to the property from the borrower instead of foreclosing on the property in return the bank agrees not to pursue a defeciency judgement.
Deficiency Judgement
When a bank sells an REO property for less than the principal due on the mortgage, the bank may obtain a judgement against the borrower for the loss.
Pre-foreclosure
Properties that are still owned by the borrower but are facing foreclosure. Sometimes these properties are eligible for a short sale and sometimes the owner will bring money to Closing to help pay off the debt.
Acronym for Real Estate Owned. These are bank owned properties acquired when the bank forecloses on delinquent loans.
Short Sale
When the borrower is behind on payments and/or when formal foreclosure action has begun, the bank may consider accepting payment short of what is owed to avoid foreclosing on the property.
Deed in Lieu
Deed in Lieu of Foreclosure is when the lender accepts the title to the property from the borrower instead of foreclosing on the property in return the bank agrees not to pursue a defeciency judgement.
Deficiency Judgement
When a bank sells an REO property for less than the principal due on the mortgage, the bank may obtain a judgement against the borrower for the loss.
Pre-foreclosure
Properties that are still owned by the borrower but are facing foreclosure. Sometimes these properties are eligible for a short sale and sometimes the owner will bring money to Closing to help pay off the debt.
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Our database provides you with full information about each property including street address and current list price -- don't waste time with other foreclosure sites that tease you with half the information on a property and require you to sign up for a membership before providing full information.
Our database provides you with full information about each property including street address and current list price -- don't waste time with other foreclosure sites that tease you with half the information on a property and require you to sign up for a membership before providing full information.
1465 Northside Dr, NW
Suite 220-C
Atlanta, GA 30318
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E-mail: Mail@GAForeclosureSearch.com