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The firm just announced the launch of its HomeSafe® Select product in Florida, the only proprietary reverse mortgage. encumbrance, or foreclosure) when the last borrower, or eligible non-borrowing.

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Foreclosure is the process of a lender repossessing a parcel of real property after the owner has failed to make the required payments as outlined in his/her mortgage. Depending on the type of mortgage, the property, once repossessed, may be resold by the mortgage holder without court supervision.

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The process of purchasing a Real Estate Owned (REO) property is different than buying a traditional home. Once you’ve determined how much you can afford and-if you need financing-are pre-approved for a loan, an experienced real estate agent can walk you through the nuances of buying an REO home.

FY 2013-14 and FY 2014-15 Foreclosure Initiative Information. CLICK. The national mortgage foreclosure crisis continues to affect borrowers, lenders, and the.

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Florida foreclosure law states that the homeowner has the right to redeem the property anytime before the day of the sale. After the Certificate of Sale has been issued, there is no right of redemption. Equity. All mortgages shall be foreclosed in equity.

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