Banking U: The Basics of Foreclosure
Winthrop & Weinstine bankruptcy and creditors’ remedies attorney Christopher A. Camardello speaks on the basics of foreclosures. The podcast is split up into sections. Click on each question to learn more about it or listen to the entire podcast.
Disclaimer: These podcasts are not intended to provide legal advice. The information contained in each podcast is provided for discussion purposes only.
- All Chapters – The Basics of Foreclosure
- Chapter 1 – What happens at a real-estate foreclosure sale?
- Chapter 2 – Who can bid at a foreclosure sale?
- Chapter 3 – Does the foreclosing creditor need to bring cash to the foreclosure sale?
- Chapter 4 – What does the highest bidder at a sheriff’s sale acquire?
- Chapter 5 – What are the redemption rights of the property owner?
- Chapter 6 – What happens if the owner of the foreclosed property redeems?
- Chapter 7 – What happens if the owner of the foreclosed property does not redeem and there are no junior liens against the property?
- Chapter 8 – What kind of redemption rights does a junior lienholder have?
- Chapter 9 – How do the redemption rules work if there are multiple junior lienholders?
- Chapter 10 – What happens to senior mortgages and liens if a junior mortgage is foreclosed?
- Chapter 11 – How long is the owner’s redemption period?
- Chapter 12 – If I hold a junior lien, will I receive notice of a foreclosure sale by a senior lienholder?
- Chapter 13 – What is a deficiency claim?
- Chapter 14 – When does a lender lose its right to recover a deficiency?
- Chapter 15 – What are reinstatement rights?
- Chapter 16 – What is a foreclosure by advertisement, and how long does it take?
- Chapter 17 – What is a foreclosure by action, and how long does it take?
- Chapter 18 – Why would I ever foreclose by action if foreclosure by advertisement is faster?
- Chapter 19 – When can a lender negotiate a voluntary foreclosure agreement with a two month redemption period?
- Chapter 20 – When can a lender take advantage of the reduced five-week redemption period for abandoned residential properties?
- Chapter 21 – How do deeds-in-lieu of foreclosure work?