Mortgage Lien Stripping If you own real estate with a second or other subsequent lien after your first, chances are you can remove that morgage in a Chapter 13 Bankruptcy Case. This is most common these days as a result of the lowering real estate market. In many instances, at l......
Secured Party Creditor Basics A secured party creditor holds an interest in the goods or property of another person or business. This can be real estate property or personal property that is usually used as collateral. It is a legally recognized status in the US court system. In the e......
Remove a Second Home Loan If you own real estate with a second or other subsequent lien after your first, chances are you can remove that morgage in a Chapter 13 Bankruptcy Case. This is most conventional these days as a result of the decreasing real estate market. In many instanc......
Difference between Privity of Contract, Novation and Assignment under UK Law IntroductionThe doctrine of privity of contract is the relationship that exists between parties to a contract. Only those parties to the contract are bound by it and are able to enforce the contractual obligations under the contract. The concepts of novat......
Saving property from foreclosure legal foreclosure is the process in which a bank or other creditor takes over the borrower's property in lieu of the debt they have to pay, using legal means. A foreclosure step is normally taken by the creditor only when the borrower has not paid the loa......
by Jeremy Maddock