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Foreclosures and powers of sale

May 16th, 2015 (No Comments)

It’s commonly assumed that, when a mortgagor (mortgage borrower) can no longer make payments to the mortgagee (mortgage lender), a formal foreclosure process ensues that ends with the mortgagor selling the property in order to recoup the value of the initial investment. However, as with many issues surrounding real-estate law, things are not necessarily that […]

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