Register
Log In
Forget your Password?

Home
Directory
Bulletins
Forums
Blogs
Articles
Links
Classifieds
About Us
Contact Us
Advertise
FAQ
Privacy Policy


Discussion
<< get older messagesget newer messages >>
to post a message: login - or - register | search messages | show all replies



[+] Contemporary Realty - NON Payment - Joanie Hahr/VT (5 replies)
8/28/2006 12:43:56 PM (3025 views)

[+] Tax lien redemptions - Kevin Ahern/CT (17 replies)
8/28/2006 6:52:32 AM (2830 views)

[+] Help Request - Michael /KS (13 replies)
8/25/2006 6:07:19 PM (2989 views)

[+] ONE STOP - mason haas/NY (2 replies)
8/25/2006 3:26:05 PM (2897 views)

[+] Want to build a Network - Anna Cousins/CA (6 replies)
8/25/2006 2:43:06 AM (2830 views)


Real Title Services


[+] How Criminals Use County Websites - David Bloys/TX (2 replies)
8/24/2006 4:27:29 PM (3811 views)

[+] they cancelled my check... - Loretta Reed/MD (46 replies)
8/24/2006 9:14:27 AM (3307 views)

[+] Same Scam - Different Approach - Jay Duncan/MO (3 replies)
8/23/2006 8:15:09 AM (4048 views)

[+] Info on TitleSearch USA INC? - Corey McClelland/MI (8 replies)
8/20/2006 10:09:11 PM (3637 views)

[+] Abstractor Tools - Angelica Schneider/IN (1 reply)
8/19/2006 5:58:59 PM (2848 views)

Anyone interested in Riverside County CA Commercial Searches? - L ROLAND/CA
8/18/2006 6:59:48 PM (2365 views)

[+] New Management at US Title Search, Inc. - New Management at US Title Search, Inc./NJ (3 replies)
8/18/2006 2:28:08 PM (3109 views)

[+] NALTEA Conference 2007 - Wanda Steudel/OH (3 replies)
8/18/2006 10:21:44 AM (4131 views)

[+] Deed forgery article - Dave Pell/GA (2 replies)
8/18/2006 9:21:26 AM (2833 views)

[-] REM vs. Personam Judgments - Erik Bolme/KY (3 replies)
8/17/2006 9:42:18 PM (2901 views)
Re: REM vs. Personam Judgments - Kevin Ahern/CT
8/18/2006 6:55:49 AM (3589 views)
Re: REM vs. Personam Judgments - Erik Bolme/KY
8/20/2006 11:44:26 PM (3294 views)
Re: REM vs. Personam Judgments - Kevin Ahern/CT
8/21/2006 6:13:40 AM (3248 views)

Your laws in Kentucky may be different than ours here in Connecticut. Actually I have not run into this distinction in a foreclosure action. 

Is the foreclosure you are talking about a mortgage or a lien foreclosure?

My guess is that it may have something to do with a deficiency judgment....possibly a resulting judgment lien being foreclosed on a separate property. In Connecticut the court would have to have in personam jurisdiction in order to render a deficiency judgment against a defendant property owner personally.

When a property's value declines below the mortgage debt and costs of foreclosure litigation, the lender is entitled to a deficiency judgment against the property owner. Once the lender has the deficiency judgment it can invoke the full range of  post judgment remedies, including: garnishment of bank accounts, wage garnishment, property execution and a judgment lien on other property owned by the property owner.

If the lender records a judgment lien on a separate property, it would subsequently be foreclosed as any other lien or mortgage.
In Connecticut we have both strict foreclosures and foreclosures by sale.
If the property owner has no equity in the property, title to the property will pass to the lender in a strict foreclosure.

If property owner has equity in the property he has the right to request a foreclosure by sale rather than a strict foreclosure. If the U S Government is a party to the foreclosure action,  foreclosure must be by sale.

Hope this helps. I am not certain if this answers your question

to post a reply: login - or - register




<< get older messagesget newer messages >>

DISCLAIMER: These Message Forums are un-moderated and Source of Title does not endorse the content of any of the posts. Source of Title discourages libelous comments and you, as the sole creator of the content, take full responsibility for your remarks.
Directory

The Source of Title Business directory has 8961 listed companies.

Leave feedback on a company:
SOT ID #:  learn more...
DRN Title Search
Blogs

Read other users' blogs-- or start your own!

Most Recent Blog Posts:

Shared Driveway Agreements
Marissa Berends's Blog
2025/12/10
0 comments

Explain It Like I’m 5: FIRPTA Edition
Marissa Berends's Blog
2025/12/03
0 comments

Home buyers are more active this fall.....
Michael Stelzer's Blog
2025/11/27
0 comments

Articles

Source of Title articles help to keep you informed on the state of the title industry.

Mortgage Applications Decrease in Latest MBA Weekly Survey
“Overall mortgage application volume fell last week, despite the slight decline in mortgage rates,” said Mik...
NAR Existing-Home Sales Report Shows 0.5% Increase in November
"Existing-home sales increased for the third straight month due to lower mortgage rates this autumn," said NAR Chief Eco...
Department of Justice Files Statement of Interest Supporting Competition Among Real Estate Brokerages
“Purchasing a home is the single biggest purchase most Americans make in a lifetime,” said Assistant Attorne...
Mortgage Applications Decrease in Latest MBA Weekly Survey
“Mortgage rates inched up last week following the FOMC meeting, as investors interpreted the comments to signal th...
MBA Applauds House Financial Services Committee Advancement of the Housing for the 21st Century Act, NFIP Extension Bill
“This legislation advances several long-standing MBA priorities, including updates to FHA multifamily loan limits,...

Search Articles:
browse...

Classifieds

Buy, sell, or trade! Browse the ads or post your own!

Looking for Abstractors in SD 12/27
December 27 2025
Hello, I have the following orders in SD in the following counties: Buffalo(3), Charles Mix(1),Codington(1), Dewey(9), Lyman(1) Oglala Lokota(4), Pennington(1), Roberts(4), and Todd(2). This is a total of 26 orders. I am doing consistent business inn...[more info]

email
© 2020, Source of Title.