News / Business
200+ Additional Foreclosure Terms Explained Online
Homeowners Have Great Resource to Learn About Important Issues
The Real Estate Wiki, the “Wikipedia” type encyclopedia and resource for real estate, has just expanded its pool of foreclosure related information this week with over 200 additional entries, definitions, clarifications and explanations. The information was provided courtesy of Carla Douglin, author of The Foreclosure Workbook.
Real Estate Wiki (not affiliated with Wikipedia) now offers more than 1,200 Frequently Asked Questions, Definitions and Clarifications specifically about the Foreclosure process, how to manage your finances and prevent bankruptcy, what happens at Disclosure, how to handle all the legal issues that arise and how insurance and taxes can affect the outcome.
Some of terms that were added this week include:
- Adverse Possession
- Anticipatory Breach
- Assessed Value
- Backup Offer
- "Bare Bones" Petition
- Chapter 7 Bankruptcy
- Chapter 13 Bankruptcy
- Clouded Title
- Conditional Commitment
- Deed-in-Lieu of Foreclosure
- Deficiency Judgment
- "Due on
- Fair Debt Collection Practices Act
- Forbearance Agreement
- Garnishment
- Homesteading
- Involuntary Lien
- Judgment Lien
- Judicial Foreclosure
- Junior Bene Buyout
- Negative Amortization
- Non-Judicial Foreclosure
- Present Owner Judgment Search
- Relief from Automatic Stay
- Right of Redemption
- Sub-Performing Loan
- Wraparound Mortgage
Carla Douglin is Director of The Douglin Foundation, which leads foreclosure information seminars for homeowners throughout the nation. She is also author of The Foreclosure Workbook, a Homeowners Guide to Understanding Foreclosure and Saving Your Home. This easy to read workbook empowers homeowners to take control of their rights and identify the solutions with a step-by-step approach to foreclosure avoidance, protection and survival.
Real Estate Wiki is powered by dedicated real estate professionals that offer their time and expertise to provide quality and relevant information in one central place for everyone to share and benefit from. This way Real Estate Wiki has become the largest free real estate resource and encyclopedia with over 23,000 entries. To make individual contributions just log in 24x7 at www.RealEstateWiki.com to add any ideas to improve Real Estate Wiki. To provide large parcels of information email Gatekeeper@RealEstateWiki.com
