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Contact Information |
Olena M. Keene First National Realty 6423 Summer Gale Dr Memphis, TN, 38134
Office: 901-277-5324 Cell: 901-277-5324 Fax: 901-531-8084
Lic. #: 00289295 |
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foreclosure types |
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What types of foreclosure are there in theMemphis area?
Judicial foreclosure action is a proceeding in which a mortgagee, a trustee or another lienholder on Memphis 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.
Questions about Memphis Real Estate?
Ask us below or Call us Now at 901-277-5324
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Last Updated ( Thursday, 04 September 2008 )
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