Wednesday, November 3, 2010
Foreclosures Part I - Interests
by Ehsan Sharenejad on Wed, Nov, 3, 2010 07:53 PM
Categories:
Bank,
Condominiums,
Condos,
Court,
Downtown,
Ehsan,
Foreclosure,
Foreclosures,
Hearing,
Lender,
Owner,
Purchase,
Purchaser,
Real Estate,
Sale,
Sales,
Seller,
Sharenejad,
Vancouver,
Vendor
In order to clear up much of the confusion surrounding foreclosures, Ehsan speaks about the parties involved and their interests. In a "typical" real estate transaction their are usually only two parties involved; Vendor & Purchaser. In a foreclosure, there are actually three. The purchaser, the vendor which the lender in this scenario, and owner who is being foreclosed on. When the case is before the courts for final approval, the judge acts in the best interests of the owner being foreclosed on. For more information contact Ehsan at ehsan@ehsanrealty.comor 604-626-5332.
Email