1. DEFAULT a. Homeowner/borrower defaults on deed of trust. Most defaults are caused by owner/borrower failing to make payments. Most lenders will usually wait until a borrower has missed several payments before starting the foreclosure process. 2. NOTICE OF ELECTION AND DEMAND a. Lender (or its attorney) will send the notice of election and demand […]
Tag Archives: foreclosure
Who do we help when we buy houses for cash, as-is?
When we say that we buy houses for cash, as-is, what does that mean? Well, we recently purchased a house from a couple who asked us to do just that. Here is the story of how we helped this family: We toured a property that was not yet listed and asked the seller’s Realtor if […]