|
All agents are NOT alike! Find out why I am a top real estate expert. Call Steve Powell toll-free at 888-882-9132.
|
Get Free Presentation On My Home Marketing.
Before signing a contract with any Realtor, make sure you know EXACTLY how your home will be marketed.
Find Out More >
View All Offers >
|
"Great agent who provided superior service"
Wow! Steve is a very good agent that will give over 100%.
Relocation Buyer
Read Quote >
|
 Compare three mortgages at one time.
Download TripleCalc now. It's free. |
Steve Powell is one of The Web's
Top Selling Real Estate Experts™
Find Out More > |
|
|
 |
 |
Feature Homes: Homes, properties, & other real estate in
Hagerstown and Smithsburg and Maryland with virtual tours, photos, and
more |
|
Search My Rental Properties: Rental Properties in
Hagerstown and Smithsburg and Maryland with virtual tours, photos, and
more |
|
National Listings Databases: Homes for sale in
national American USA web site listings databases of properties |
|
New Construction: New homes for
sale, new construction and newly built properties and real estate
subdivisions |
|
Unique & Luxury Homes: Home buyers, find luxury
homes, real estate, beach front properties, mansions, & acreage/land for
sale on these top national & international listings web
sites |
|
International Properties: Find international
homes for sale on these international/global real estate web sites from Canada,
Europe, France, Germany, UK, Great Britain, Spain, Italy, Asia, Africa, and
beyond |
|
Search ALL the Experts' Homes: Search the best local homes for sale from all the real estate
experts, agents, Realtors, and brokers |
Please Sign Up For The
Latest Listings and the Latest Real Estate News
Foreclosures >1. What Is a Foreclosure? A foreclosure is a legal process through which a mortgagor loses his or her equitable right to redeem a mortgaged estate; in other words, the lender completely repossesses the home from the borrower (homeowner.) The lender goes through the legal motions to sell the property, terminate all the homeowner’s rights in that property, and remove the homeowner.
What are the effects?
- The most stressful and pressing effect that foreclosure has is that the borrower loses his or her place to live.
- Foreclosure negatively affects the borrower’s credit rating. It stays on a credit report for seven years and drops a credit score 250 points.
- A borrower who’s been foreclosed on may have trouble finding and keeping jobs since good credit may be required by employers to be hired.
- A foreclosed home can bring down the value of surrounding homes.
|
|
| Q |
What is an encumbrance against a property, which may be voluntary or involuntary?
|
| A |
There are many different kinds of liens: a tax lien, a judgment lien, a mortgage lien, and a mechanic's lien. |
 See More Real Estate Trivia > |
|
|
|
|
- NUMBER1EXPERT™ 
