| Foreclosure law varies from state to
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| | foreclosure a judicial procedure. A
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| state with regards to the exact process
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| | lender must prove to the court that the
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| that must be followed in order for a bank
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| | borrower has defaulted on the loan, and
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| or lender to foreclose on your home.
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| | that they, the lender, have made
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| Knowing the foreclosure law in your state
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| | appropriate attempts to resolve the
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| can help you negotiate with your lender
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| | default with the homeowner. There is a
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| and perhaps avoid foreclosure
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| | definite sequence of events that must be
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| altogether.One of the largest differences
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| | followed as prescribed in the foreclosure
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| in foreclosure law is whether a state
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| | law, and knowing that sequence in your
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| uses mortgages or deeds of trust for real
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| | state can help you understand your
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| estate. "Deed of trust" is a term that's
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| | options in terms of resolving the issue
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| not heard as often as mortgage, but in
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| | before it goes before a judge.In states
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| essence, they have the same function -
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| | that use a deed of trust rather than a
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| they protect the lender from default on a
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| | mortgage, the lender must go through
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| loan that is secured by real estate. The
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| | certain steps of notification as required
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| major difference is in the process the
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| | by foreclosure law in that state, but
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| lender must use to obtain the right to
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| | does not need judicial permission to
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| recover your property and sell it.When
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| | proceed with a sale or foreclosure on the
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| you sign a mortgage agreement with a
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| | property to which they hold a deed in
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| lending institution, you retain the deed
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| | trust.States whose foreclosure law
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| to the property, and have full legal
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| | requires judicial action include:
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| title to it - but you allow the lender to
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| | Alabama, Arizona, Arkansas, Connecticut,
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| place a 'lien' on it. If you do not make
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| | Delaware, Florida, Montana, Nebraska, New
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| the payments on the loan as agreed upon,
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| | Jersey, New Mexico, New York, North
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| the lender can foreclose on the
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| | Dakota, Ohio, Oklahoma, Illinois,
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| property.In some states, a deed of trust
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| | Indiana, Iowa, Kansas, Kentucky,
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| takes the place of a mortgage. With a
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| | Louisiana, Maryland, Michigan,
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| deed of trust, you give the deed to the
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| | Pennsylvania, South Carolina, South
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| land or property to the lender, but the
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| | Dakota, Vermont, Washington and
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| lender can only use or sell the property
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| | Wisconsin.Brian Shelton makes it easy to
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| if you default on the loan.In states that
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| | sell your house fast.
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| use mortgages, foreclosure law makes
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