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  2. Deed in lieu of foreclosure - Wikipedia

    en.wikipedia.org/wiki/Deed_in_lieu_of_foreclosure

    Deed in lieu of foreclosure. A deed in lieu of foreclosure is a deed instrument in which a mortgagor (i.e. the borrower) conveys all interest in a real property to the mortgagee (i.e. the lender) to satisfy a loan that is in default and avoid foreclosure proceedings. The deed in lieu of foreclosure offers several advantages to both the borrower ...

  3. Odell Barnes (entrepreneur) - Wikipedia

    en.wikipedia.org/wiki/Odell_Barnes_(entrepreneur)

    James Odell Barnes Jr. (aka Odell Barnes) has earned the nickname "Foreclosure King." His firm, Odell Barnes REO, is a bulk-buyer of foreclosed homes in the United States. [1] For decades, Barnes has been buying foreclosed homes in bulk from banks and other mortgage-lenders and selling them to a network of private investors and

  4. Foreclosure - Wikipedia

    en.wikipedia.org/wiki/Foreclosure

    Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan. [ 1][ 2] Formally, a mortgage lender (mortgagee), or other lienholder, obtains a termination of a mortgage borrower ...

  5. Here's What You Can Buy With Your Foreclosure Settlement - AOL

    www.aol.com/news/on-heres-what-you-can-buy-with...

    AOL Real Estate Editors Updated July 14, 2016 at 9:52 PM Despite a $3.6 billion foreclosure settlement that had banks sending checks ( some of which bounced ) to wronged homeowners, many saw the ...

  6. How to Buy Foreclosures - AOL

    www.aol.com/news/2010-08-16-how-to-buy...

    Anthony Jackson, a second-grade teacher in Chicago's metro area, says the key to buying a foreclosure is to "strike early once you see the listing" and "don't bid too low." Jackson bought a bank ...

  7. Best Cities to Buy Foreclosures in 2013 - AOL

    www.aol.com/news/2013-02-01-best-cities-buy...

    By Les Christie In some parts of the country, it's much easier to land a good foreclosure deal than in others. In the Palm Bay, Fla., metro area, for example, buyers have plenty of foreclosed ...

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