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1st Foreclosure Prevention Blog


Archive for August, 2009

August 31st, 2009

Nebraska Foreclosure

If you live in the state of Nebraska and are facing foreclosure, it is essential for you to know the basic types of foreclosure process that can take place. In Nebraska, a mortgage operates under what is called a title theory. The title to the property remains in a trust until the mortgage [...]

posted by admin at 1:56 am
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August 28th, 2009

Montana Foreclosure

If you live in the state of Montana, you need to know that there are two primary forms of foreclosure processes used – non-judicial and judicial. The most common of the two used is the non-judicial.
The power of sale clause within a mortgage acts as the legal means to proceed with foreclosure. [...]

posted by admin at 7:46 am
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August 27th, 2009

Missouri Foreclosure

If you live in the state of Missouri and are facing foreclosure, the process you will fall under is determined by the type of mortgage you have. If your mortgage has a power of sale clause in it, ten you will fall under the non-judicial foreclosure method. If there is no power of [...]

posted by admin at 7:38 am
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August 26th, 2009

Mississippi Foreclosure

If you live in the state of Mississippi and are facing foreclosure there are two main forms of foreclosure processes used, the judicial and the non-judicial foreclosure. In Mississippi, the non-judicial process of foreclosure is the most common method used. The power of sale clause within a mortgage acts as the legal means [...]

posted by admin at 7:32 am
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August 25th, 2009

Minnesota Foreclosure

In the state of Minnesota, the primary method of foreclosure is through the non-judicial process. A non-judicial foreclosure does not require court action as the power of sale clause stipulates the foreclosure process should default occur. Within the non-judicial foreclosure, there is the requirement of public announcement of foreclosure, commonly termed as foreclosure [...]

posted by admin at 7:13 am
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August 24th, 2009

Michigan Foreclosure

The state of Michigan primary method of foreclosure is non -judicial foreclosure. Although in Michigan, the foreclosure process does not require court action it does require that the lender follow the power of sale clause, which by default gives an attorney the right to foreclose on property in default. The attorney acts as [...]

posted by admin at 7:25 am
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August 21st, 2009

Massachusetts Foreclosure

In the state of Massachusetts, there are two different types of foreclosure available to a lender – Non- Judicial being the most common, and judicial, known in Massachusetts as a foreclosure by entry or action. In a non-judicial foreclosure a mortgage has a power of sale clause which stipulates the procedure if the mortgage was [...]

posted by admin at 9:45 am
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August 20th, 2009

Maryland Foreclosure

In the state of Maryland Judicial, Non-Judicial Foreclosures, and Assent To Decree Foreclosure are available for a lender to utilize, however the non-judicial foreclosure process does have some restrictions.
The judicial foreclosure process comes to play when there is no power of sale clause or assent to a decree within the mortgage. The [...]

posted by admin at 9:15 am
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August 19th, 2009

Maine Foreclosure

Maine’s primary form of foreclosure is strict foreclosure, although on occasion the judicial foreclosure process is used. In either case it is the lenders responsibility to show default of the borrower by filing a lawsuit to obtain a court order to foreclose. Maine’s foreclosure doctrine strict foreclosure process states that the lender owns [...]

posted by admin at 9:40 am
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August 18th, 2009

Louisiana Foreclosure

In the state of Louisiana, a lender must pursue a Judicial Foreclosure, as the option of a non-judicial is not available. Louisiana uses two different forms of Judicial Foreclosures, the executors and the ordinary, what is used in most other states.
The executors foreclosure occurs when there is a mortgage that includes a [...]

posted by admin at 9:36 am
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