Logo Sign Up For Free Appraisal Report!    Interest in Foreclosures? photo

Welcome


Welcome to EstateMind Realty. We are the California based real estate organization and our experience has helped make the dream of homeownership a reality for hundreds of families. Estatemind Real Estate professionals are the reason clients continue to work with us, transaction after transaction. Their knowledge and experience can guide you through the real estate process from log in to move in and help you with all of the details before, during and after the sale.

Quick Search




   

Search

We're Here For

Investment Terminology    
 

What is REO?
REO is "Real Estate Owned" property owned by the bank after taking possession of property from a foreclosure. When a property is sold through a foreclosure auction, its owner usually owes more to the lender than the market value of the property itself. This is often a barrier to selling the property, and sometimes such foreclosure auctions do not draw any bidders. As a result, the title reverts back to the lenders holding the lien. For more information, read this article "Buying a REO "


What is Notice of Default? (NOD):

A notice of default is a notification given to a borrower stating that he or she has not made their payments by the predetermined deadline. It dictates that if the money owed (plus an additional legal fee) is not paid in a given time, the lender may choose to foreclose the borrower's property. Any other people whom may be affected by the foreclosure may also receive a copy of the notification.



What is Notice of Sale? (NOS):

The notice which a lender is usually required to give before foreclosure sale of collateral.


 

Foreclosure Properties - Download

Read This First

When to Buy

How To Buy

Where & What to Buy

Investment Wizard

Q&A (Buy)

NEWS

CONTACT US

Name
Email
Phone
Comments

USER LOGIN

Email
Password