Foreclosure deals to start with big lenders, Iowa AG says

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Pre Foreclosure Investing - [ Wholesaling Foreclosures ] Foreclosure Deals to Start With Big Lenders, Iowa Says The 50 state attorneys general probing U.S. foreclosure practices will first settle with the five largest loan servicers, including Bank of America Corp. and JPMorgan Chase & Co. , Iowa Attorney general tom miller said.

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I’m not sure our lenders know beyond. court has the authority to say that the rest of the debt is discharged." That’s a big thing because it’s essentially "taking the creditors’ property rights.".

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If you can’t, you have to get out of the house immediately. In a nonjudicial foreclosure the lender must issue a notice of sale. Requirements on this vary by state. In California you must receive a copy of the notice 20 days before the date on which the lender proposes to sell the house.

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Folks just don’t have the energy to fight or hang on any longer," says Joan Blundall, consultation and education coordinator at the Northwest Iowa Mental Health Center in Spencer. Opportunities for collapse are multiplying beyond the typical example of the farmer who loses his land and livelihood to foreclosure.

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With non-Ag watch loans at $92 million. Last, we had a couple of big deals that are great but you can’t forecast those every quarter. So probably, say more in line with this quarter, Nath. OK..

Buying foreclosed properties at the courthouse can be very dangerous for those who do not do their research properly. The large cash outlay required to buy foreclosed property at the Sheriff’s Sale is the biggest deterrent for most buyers. Certified checks and sometimes cash will be required to bid on properties.

In this video from BiggerPockets, Brandon Turner (author of "The Book on Rental Property Investing") shares the three different things people mean when they say "Foreclosure" and also offers four.