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Tag Archives: foreclosing
Beware of Lenders Wrongfully Foreclosing on a Reverse Mortgage
A reverse mortgage allows older homeowners to receive monthly payments from a lender based on the homeowners’ equity in their home. In a typical scenario, a lender makes monthly payments to the homeowner and the homeowner’s obligation to repay the … Continue reading
Posted in Insurance
Tagged beware, foreclosing, Lenders, Mortgage, Reverse, Wrongfully
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How You Can Collect Rent While Foreclosing on a Property
An assignment of rents clause in a mortgage agreement can be helpful when the borrower collects rent from tenants on its property. With the clause, the mortgagee may be able to collect rent payments directly if the borrower defaults on … Continue reading