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Preforeclosure: When a homeowner begins missing mortgage payments the bank or lender has the right to begin a foreclosure action to take the home and sell it at auction to recapture the money they lent.
Before the bank can do that they must publish a notice that says the homeowner has X number of days to bring the loan payments current or they will seize the home.
The period between the time the notice is published and the date that the bank can take the home is the "preforeclosure" period.
In this peroid we work with lenders, investors, and buyers to solve before foreclosure. Foreclosure: Asante REO Asset Services works directly with banks, mortgage lenders and asset management companies to assist in the sale of their bank-owned properties. The division also works with families in financial distress to help them sell their properties before foreclosure becomes the last resort as well as assists local investors in finding foreclosed properties available to rehab or rent.
REO ASSET SERVIVES
REO ASSET LINKS |
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