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Joe Spies
Messick Realty Group
Vancouver/Portland area, ,
Cell: 360 521 6761
Fax: 360 397 7954
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We have certain homes that owners will carry a contract
foreclosure types | Print |

What types of foreclosure are there in theGreater Portland/Vancouver area?

Judicial foreclosure action is a proceeding in which a mortgagee, a trustee or another lienholder on Greater Portland/Vancouver 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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