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



[+] Abstractor Tools - Angelica Schneider/IN (1 reply)
8/19/2006 5:58:59 PM (2954 views)

Anyone interested in Riverside County CA Commercial Searches? - L ROLAND/CA
8/18/2006 6:59:48 PM (2455 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 (3227 views)

[+] NALTEA Conference 2007 - Wanda Steudel/OH (3 replies)
8/18/2006 10:21:44 AM (4285 views)

[+] Deed forgery article - Dave Pell/GA (2 replies)
8/18/2006 9:21:26 AM (2971 views)




[-] REM vs. Personam Judgments - Erik Bolme/KY (3 replies)
8/17/2006 9:42:18 PM (3019 views)
Re: REM vs. Personam Judgments - Kevin Ahern/CT
8/18/2006 6:55:49 AM (4000 views)
Re: REM vs. Personam Judgments - Erik Bolme/KY
8/20/2006 11:44:26 PM (3678 views)
Re: REM vs. Personam Judgments - Kevin Ahern/CT
8/21/2006 6:13:40 AM (3667 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 (2853 views)

Info on J.M.R. Retrieval - Brad McCollom/IN
8/16/2006 6:28:28 PM (2377 views)

[+] State Website exposes 220,000 Social Security numbers - David Bloys/TX (13 replies)
8/15/2006 8:48:50 PM (4214 views)

[+] US TITLE SEARCH, INC - Angelica Schneider/IN (14 replies)
8/11/2006 8:17:39 PM (3323 views)

[+] Courthouse Connections mia? - Sheila Arndt/MO (7 replies)
8/11/2006 5:39:32 PM (3023 views)

[+] Missed Open Mortgages! - Nathan Miller/KY (78 replies)
8/11/2006 4:56:23 PM (3167 views)

ALTA vs NALTEA - Jay Duncan/MO
8/11/2006 3:36:55 PM (2296 views)

[+] Title Direct (Again)... - Scott Perry/PA (2 replies)
8/10/2006 10:57:00 PM (2752 views)

[+] Question about Title Plants - L ROLAND/CA (4 replies)
8/10/2006 5:51:25 PM (2856 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 8973 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:

ATTENTION CIOs, CTOs, VENDOR MANAGERS, AND SUPPLIER MANAGERS
Will Duncan 's Blog
2026/06/15
0 comments

What Is Title Insurance & Benefits
Michael Stelzer's Blog
2026/03/14
0 comments

The Source of Title - Part I: Freedom Written, Freedom Insured
Ben DuBay's Blog
2026/02/15
0 comments

Articles

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

ALTA Reports Q1 2026 Title Premium Volume and Market Share Data
The American Land Title Association, the national trade association of the land title insurance industry, today announce...
Builder Sentiment Remains Weak Amid Affordability Concerns
“With the nation short about 1.2 million homes, builder sentiment will remain soft until barriers are eased and co...
Orange County Man Arrested on Federal Criminal Complaint Alleging He Defrauded Bank Out of Nearly $100 Million
An Orange County man was arrested today on a federal criminal complaint charging him with defrauding a bank out of nearl...
MISMO Releases FRAME: Framework for AI Governance in Mortgage Lending
“FRAME is fundamentally a risk management tool,” said Rick Hill, a key contributor to the framework and MBA&...
ALTA, Maryland Land Title Association and AARP Applaud Attorney General Anthony G. Brown for Action Protecting Homeowners from Unfair MV Realty Contracts
“These agreements can create serious uncertainty in the land records and unnecessary obstacles for homeowners and ...

Search Articles:
browse...

Classifieds

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

© 2020, Source of Title.