The local laws governing foreclosure sales is available in all public libraries. Here we will talk about the rules of the game in California. In most English speaking places the rules are similar.
The foreclosure process is a process where after a default in loan payment a secured creditor (i.e. one having lien against real property) can force the sale of real property previously pledged as security. The sale in good times is expected to generate the money to pay off the loan due the creditor. The most common security device used in California is a deed of trust. Basically, the borrower deeds the property to the lender but the lender can’t take occupancy or clear title unless the borrower doesn’t pay. A trust deed may be called something else in other countries.
PDF: 43 pages
Package Dimensions: ebook format
Table of contents
OVERVIEW OF THE NON-JUDICIAL FORECLOSURE PROCESS
NEWSPAPERS AS A SOURCE OF INFORMATION ON
PROPERTIES IN FORECLOSURES
CHECKLIST FOR TECHNICAL STUFF
About the Author
Dr. W. G. Hill, a former American citizen, entrepreneur, self-made millionaire, author and inveterate traveler, was influenced by the concepts of Harry Schultz. He had found a winning formula on which to base his future. In 1989, after years of living a PT lifestyle and fine-tuning many new ideas, Hill wrote the first definitive book on the subject, entitled "PT". This valuable work discusses the essence of the philosophy and is definitely recommended reading for anyone who aspires to a free and uncompromising way of life.