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



[-] REM vs. Personam Judgments - Erik Bolme/KY (3 replies)
8/17/2006 9:42:18 PM (2744 views)
Re: REM vs. Personam Judgments - Kevin Ahern/CT
8/18/2006 6:55:49 AM (3231 views)
Re: REM vs. Personam Judgments - Erik Bolme/KY
8/20/2006 11:44:26 PM (2839 views)
Re: REM vs. Personam Judgments - Kevin Ahern/CT
8/21/2006 6:13:40 AM (2835 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



[+] 424 - J Nisonger/CA (13 replies)
8/16/2006 8:41:53 PM (2575 views)

Info on J.M.R. Retrieval - Brad McCollom/IN
8/16/2006 6:28:28 PM (2152 views)

[+] State Website exposes 220,000 Social Security numbers - David Bloys/TX (13 replies)
8/15/2006 8:48:50 PM (3752 views)

[+] US TITLE SEARCH, INC - Angelica Schneider/IN (14 replies)
8/11/2006 8:17:39 PM (3031 views)




[+] Courthouse Connections mia? - Sheila Arndt/MO (7 replies)
8/11/2006 5:39:32 PM (2770 views)

[+] Missed Open Mortgages! - Nathan Miller/KY (78 replies)
8/11/2006 4:56:23 PM (2919 views)

ALTA vs NALTEA - Jay Duncan/MO
8/11/2006 3:36:55 PM (2106 views)

[+] Title Direct (Again)... - Scott Perry/PA (2 replies)
8/10/2006 10:57:00 PM (2529 views)

[+] Question about Title Plants - L ROLAND/CA (4 replies)
8/10/2006 5:51:25 PM (2575 views)

[+] What to charge for commercial searches - Deborah Thompson/CA (3 replies)
8/10/2006 5:39:45 PM (2566 views)

[+] Richmond Monroe Group - Jill Kissell/IA (4 replies)
8/10/2006 2:41:34 PM (3507 views)

[+] O & E Search - Barbara Bennett/IN (6 replies)
8/9/2006 4:21:32 PM (2553 views)

[+] Millennium Abstract - Smitty Strickland/SC (5 replies)
8/8/2006 5:21:07 PM (2853 views)

[+] Sorry, too good not to pass on. - Jay Duncan/MO (10 replies)
8/8/2006 2:16:10 PM (2647 views)


<< 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 8956 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:

Creative Ways Millennials and Gen Z Are Approaching Homeownership
Marissa Berends's Blog
2025/07/02
0 comments

How Another War in the Middle East Could Impact the Housing Market
Marissa Berends's Blog
2025/06/30
0 comments

The Aging of the American Homebuyer: A 40-Year Shift and Its Economic Impact
Marissa Berends's Blog
2025/06/20
0 comments

Articles

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

NAR Secures Major Wins for Real Estate in Landmark Tax Reform Bill
“For months, REALTORS® across America have been at the forefront of tax reform, making sure Congress understo...
Title Resources Group Announces Executive Management Transition
Title Resources Group (TRG), the nation's fifth largest title insurance underwriter, announced today the appointment of ...
Mortgage Applications Increase in Latest MBA Weekly Survey
“Mortgage rates were lower across all loan types last week, with the 30-year fixed rate declining to its lowest le...
Stewart Group Senior Vice President, Direct Operations and President of Stewart Title of California Wyomia Clifton Honored with HousingWire's 2025 Women of Influence Award
Clifton currently oversees operations across nine states in her role as Group Senior Vice President, Direct Operations a...
Rocket Companies Completes Acquisition of Redfin
The companies also today introduced Rocket Preferred Pricing. Clients who finance their home through Rocket Mortgage and...

Search Articles:
browse...

Classifieds

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

© 2020, Source of Title.