Alexander Thomas - Articles

Power of Sale Foreclosure in Wyoming
Wyoming allows Judicial as well as Non-judicial foreclosure.Normally, it takes around 90 days to foreclose a property in Wyoming and Sale publication period is 25 days in Wyoming. Read
By: Alexander Thomas | 15/10/2007 | Real Estate

Foreclosure Sale by Court Order in Wisconsin
Non-judicial foreclosure is conducted only when power of sale clause exists in deed of trust/mortgage. This clause allows borrower pre-authorizes the sale of property to pay off the balance loan in the incidence of their default. Read
By: Alexander Thomas | 15/10/2007 | Real Estate

Illinois Foreclosure Law
Only Judicial foreclosures are allowed in state of Illinois.First lender needs to send a notice to the borrower at least 30 days before the courts judgment of foreclosure. If court agrees with lender, it issues notice of sale with terms and condition of the sale. It should meet the minimum standard provided in the Illinois Statutes. Read
By: Alexander Thomas | 04/10/2007 | Real Estate

Connecticut Foreclosure Law Summary
There are two types of foreclosures followed in Connecticut. 1.Strict foreclosure 2.Foreclosure by sale In strict foreclosure, there is no actual sale of property. Lender has to go to court and obtain court order mentioning that the borrower is in default. If he succeeds in that, the property is transferred in his name automatically. Read
By: Alexander Thomas | 04/10/2007 | Real Estate