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Short Sales A-Z™ Online Class Chapter 5

Chapter 5
Collateralization & Foreclosure

 

This chapter examines the multiple ways real property becomes collateral securing an owner’s debt payment obligations. The main clauses that allow foreclosure are explained together with their implications and applicable foreclosure methods.

Objective:

  • The objectives of this chapter are to understand the implications of debt payment obligation, how properties become collateral to secure debt, what is foreclosure, as well as the two types of foreclosure.

Outline:

  • Real property is collateral to monetary debt.
  • Obligation
    • Promissory Notes
  • Collateral
    • Colleralization
    • Liens
    • Types of Liens
  • Foreclosure
    • Types of Foreclosure
    • Judicial Foreclosure
    • Power of Sale
    • Non-judicial foreclosure

Time:

  • 11:48 minutes

Short Sales Online Class Chapter 5-1

Short Sales Online Class Chapter 5-2

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Learn about each chapter of the
Short Sale A-Z™ video course.

Chapter 1 Chapter 2 Chapter 3 Chapter 4
Chapter 5 Chapter 6 Chapter 7 Chapter 8
Chapter 9 Chapter 10 Chapter 11 Chapter 12
Chapter 13 Chapter 14 Chapter 15 Chapter 16
Chapter 17 Chapter 18 Chapter 19 Chapter 20
Chapter 21 Chapter 22 Chapter 23 Chapter 24
Chapter 25 Chapter 26    

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