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    Dudley Chapman
    HRC Properties, LLC
    124-B1 E. Broad St.
    Falls Church, VA, 22046
    Office: 703 517 7422
    Email Us
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    foreclosure types PDF Print E-mail

    What types of foreclosure are there in theAlexandria area?

    Judicial foreclosure action is a proceeding in which a mortgagee, a trustee or another lienholder on Alexandria 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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