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Contact Information |
Charles Still Russell & Jeffcoat Realtors 5599 Sunset Blvd Lexington, SC, 29072
Office: 803.233.7544 Cell: 803.240.3320
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foreclosure types |
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What types of foreclosure are there in theLexington, SC area?
Judicial foreclosure action is a proceeding in which a mortgagee, a trustee or another lienholder on Lexington, SC property requests a court-supervised sale of the property to cover the unpaid balance of a delinquent debt.
Nonjudicial foreclosure is the process of selling real property under a power of sale in a mortgage or deed of trust that is in default. In such a foreclosure, however, the lender is unable to obtain a deficiency judgment, which makes some title insurance companies reluctant to issue a policy.
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Last Updated ( Thursday, 04 September 2008 )
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