A Foreclosure occurs when a homeowner misses his or her payments and defaults on the mortgage. A house that has gone through a foreclosure auction and failed to attract any acceptable bids may remain the property of the owner of the mortgage. TCAA represents HOA boards and members and the interests of for-profit contractors, such as HOA management companies and foreclosure lawyers, at the Texas Capitol.
Making properties attractive to buyers is important to us, so we make every effort to maintain and prepare homes for sale, making repairs as needed. A foreclosure can be the result of losing a job, medical problems that keep you from working , too many debts or a divorce.
Some loans serviced by PNC Bank or PNC Mortgage for private investors require that foreclosed property be transferred to the private investor on or after foreclosure. FORECLOSURE SALE PROCESS: Sales of real property are ‘open …