With the contantly changing Indianapolis Real Estate market you need to be more comfortable with the real estate process. As a tool I am sharing real estate terms and their meaning.
This blog contains daily post of real estate terms to assist you in buying or selling Hernando County Real Estate. Remember this page or create a shortcut to check for new terms posted each day.
Security – Apiece of property designated as collateral.
and
Foreclosure – The legal proceeding in which a mortgagee, or other lienholder, usually a lender, obtains a court ordered termination of a mortgagor’s equitable right of redemption. Usually a lender obtains a security interest from a borrower who mortgages or pledges an asset like a house to secure the loan. If the borrower defaults and the lender tries to repossess the property, courts of equity can grant the owner the right of redemption if the borrower repays the debt. When this equitable right exists, the lender cannot be sure that it can successfully repossess the property, thus the lender seeks to foreclose the equitable right of redemption. Other lienholders can and do use foreclosure, such as for overdue taxes, unpaid contractors’ bills or overdue HOA dues or assessments.
Serving the communities of
Hancock County, Townships of, Blue River Township, Brandywine Township, Brown Township, Buck Creek Township, Center Township, Green Township, Jackson Township, Sugar Creek Township, Vernon Township
A complete list of terms may be found at Indianapolis Real Estate Glossary Terms. The Glossary will aid you in the process of buying or selling your next home in Indianapolis.
Serving the cities of
Marion County, Johnson County, Hamilton County, Boone County, Madison County, Hendricks County, Morgan County
Contact Chris today to receive emails of foreclosures or short sales available in Indianapolis
Chris Frantz
EDU Real Estate Group
7117 US 31 south Indianapolis, IN 46227
Indianapolis Real Estate
Serving the Communities of Speedway Real Estate
Serving the Communities of Zionsville Real Estate
