The First Step: Understanding Some Common Foreclosure Terms

Kristin Schuler-Hintz, an associate with McCarthy & Holthus, LLP, is admitted to practice in California and Nevada representing a diverse collection of Banks and Lenders in the areas of civil litigation and bankruptcy.

It is a common misconception that your mortgage lender wants to foreclose on your real property. Foreclosure is a fairly long process taking approximately six months to complete (or longer depending on where the property is located). Once the foreclosure is complete the lender is then faced with the task of marketing and preserving the property. Both steps in the process take time and in . . .

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