According to a report in bloomberg.com, foreclosure filings such as default notices, scheduled auctions, or bank repossessions jumped 29% from a month earlier and more than doubled compared with January 2021. In the United States, lenders repossessed 4,784 properties in the month and started the process on another 11,854 homes.
Foreclosure investment refers to the process of investing capital in the public sale of a mortgaged property following foreclosure of the loan secured by that property. In real estate, foreclosure is the termination of the equity of redemption of a mortgagor or the grantee in the property covered by the mortgage.
As an investor, it can be a complicated business to break into, but in Orange County, there is help.
Orange County Clerk of Courts Tiffany Moore Russell invites you to attend the Clerk’s Office next edition of their Legal Matters Forum Series – Understanding the Foreclosure Purchasing Process.
The Sunshine State ranks number two in the U.S. – just behind California for the number of homes currently in foreclosure. There has been a growing interest in purchasing foreclosed properties as traditional housing market inventories have become limited.
With this forum, Orange County will shed some light on foreclosure purchasing, address common concerns, and inform the public as well as investors on how to navigate this process.
The forum will be held Thursday, April 28th from 6:00 p.m. to 8:00 p.m. online via the Zoom platform.
Legal Matters was created as a service to make legal information more easily accessible to the public.
“These forums are one of the best ways to give our citizens more access to justice, and I know housing is such a critical topic right now,” said Clerk Russell.
The Legal Matters Forum series - Understanding the Foreclosure Purchasing Process will be held via Zoom on Thursday, April 28, 2022, from 6:00 p.m. to 8:00 p.m.
For more information, and to register for this legal forum, go here .
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