Sunday, September 5, 2010

Notice of Sale in Non-Judicial Foreclosure States

Notice of Sale in Non-Judicial Foreclosure States
Contrary to popular belief, mortgage lenders can not just take away a property when a homeowner stops making payments. In non-judicial foreclosure states, the right to foreclose and sell the property lies in the hand of a 3rd party, known as the trustee; who has a fiduciary duty to both the lender and the borrower.When a homeowner purchase a property, the ownership of that property  transfers to you by using a document known as a deed/deed of trust. When you get a loan (in a

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