The Biggest Loser — San Diego’s Largest Foreclosure

Wednesday, February 25th, 2009

The Vivienda Estate, built for over $11 Million dollars in 2006, was foreclosed upon. There were no bidders for the 17 bedroom, 9 bath, 16,330 square foot home at the $2.275 asking price. This home is currently the largest San Diego foreclosure. HouseRebate.com anticipates this home to be available for sale in the coming weeks.

Know The Lingo; Postponement – Trustee Sale

Friday, January 16th, 2009

POSTPONEMENT – Trustee Sales may be postponed by the Trustee at the direction of the lien holder. Notice may be given in advance or at the time and location specified for the intended sale. ?? PRIVATE MORTGAGE INSURANCE (PMI) – A policy of insurance paid for by the borrower to protect the lender in the […]

Know The Lingo; Judicial Foreclosure-Notice Of Trustee Sale

Wednesday, December 31st, 2008

JUDICIAL FORECLOSURE – A foreclosure action conducted through the courts instead of through a foreclosure trustee. Judicial Foreclosures are very uncommon in California, particularly on residential properties. Should a lender elect to pursue a deficiency judgment, it would be through a Judicial Foreclosure. JUNIOR LIENS – A lien, usually a mortgage loan, that is subordinate […]

Know The Lingo; Foreclosure Glossary B-F

Saturday, December 27th, 2008

Study up and learn the lingo from the following Glossary of Terms: BENEFICIARY – The beneficiary in a foreclosure context is generally the mortgage lender. Frequently referred to as the “Benny”. CREDIT COUNSELING – Under the new bankruptcy law which took effect in October of 2005, those wishing to file bankruptcy must complete an approved […]

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