Manage risk and help maximize opportunity
Download the eBook
Foreclosure is the legal process by which the mortgage holder attempts to recover the balance of a loan from a borrower who has defaulted by forcing the sale of the asset used as the collateral for the loan. Generally speaking, once the mortgaged property is sold, any proceeds received are first paid to the senior lender to satisfy the mortgage. The lender is typically also legally entitled to recover any unpaid interest as well as legal fees and other costs incurred during the foreclosure process. Once the senior lender is fully repaid, any remaining proceeds are paid to junior creditors, and if any funds still remain, they are distributed to the mortgagor/borrower. If the mortgage carries recourse to the borrower, then the senior lender may be able to seek a deficiency judgment from the borrower in order to collect any shortfall between the sales price and amounts owed to the lender.
Download the eBook
COMPANY
CONTACT US
111 Congress Ave
Suite 1000
Austin, TX 78701
(877) 797-1031
Realized1031.com is a website operated by Realized Technologies, LLC, a wholly owned subsidiary of Realized Holdings, Inc. (“Realized”). Securities offered on this website are offered exclusively through Thornhill Securities, Inc., a registered broker/dealer and member of FINRA/SIPC("Thornhill"). Investment advisory services are offered through Thornhill Securities, Inc. a registered investment adviser. Thornhill Securities, Inc. is a subsidiary of Realized. Check the background of this firm on FINRA's BrokerCheck.
Hypothetical example(s) are for illustrative purposes only and are not intended to represent the past or future performance of any specific investment.
Investing in alternative assets involves higher risks than traditional investments and is suitable only for sophisticated investors. Alternative investments are often sold by prospectus that discloses all risks, fees, and expenses. They are not tax efficient and an investor should consult with his/her tax advisor prior to investing. Alternative investments have higher fees than traditional investments and they may also be highly leveraged and engage in speculative investment techniques, which can magnify the potential for investment loss or gain and should not be deemed a complete investment program. The value of the investment may fall as well as rise and investors may get back less than they invested.
This site is published for residents of the United States who are accredited investors only. Registered Representatives and Investment Advisor Representatives may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed until appropriate registration is obtained or exemption from registration is determined. Not all of services referenced on this site are available in every state and through every representative listed. For additional information, please contact 877-797-1031 or info@realized1031.com.
© 2020 Realized Holdings, Inc.