The initial step of the eviction process is done by sending a notice to the original owners. This notice would provide a deadline to the original owners to vacate the premises. If the original owners do not vacate the house by the deadline, the new owners have the option to appeal to court. What usually happens in this part of the eviction process after foreclosure is that the new owners file a lawsuit, also known as an eviction lawsuit. Through this lawsuit, they gain right of forcible entry, since the former owners are no longer entitled to reside in the premises of the foreclosed property
Buying houses in foreclosure is cheaper, simpler and slightly different from buying a resale. A foreclosure takes place when a home owner or a property owner cannot pay the mortgage on a property. He is forced to give up the land or building in order to pay off the debt. If you want to buy a property, it’s better to go for one in foreclosure because buying houses in foreclosure is a bargain.
Real Estate eBooks fico score percentage – Some Misconceptions Cleared There are many misconceptions surrounding the Fico score. It is important to get your facts straight to avoid confusion in an important part of your financial life. For starters, there is a huge difference between your Fico score and your credit reports. The Fico score […]