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Showing posts with the label pre foreclosure

Asset Recovery Services: Business & Indivduals

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                                                       Asset Recovery Services Every year, billions of dollars in unclaimed funds accumulate in government accounts, often unbeknownst to the individuals and businesses to whom they rightfully belong. These assets can stem from various sources, including dormant bank accounts, uncashed checks, insurance policies, and forgotten security deposits. Without timely action, these funds risk being permanently absorbed by the state through a process known as escheatment.​ At A.A.B.S. and A1 Capital, we specialize in locating and recovering these unclaimed assets, ensuring they are returned to their rightful owners. Our dedicated team conducts thorough audits of government agencies nationwide, meticulously examining public records to identify funds owed to private citizens and businesse...

Understanding The Process | Pre-Foreclosure: What Homeowners Need to Know

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 Understanding Pre-Foreclosure: What Homeowners Need to Know What Is Pre-Foreclosure? Pre-foreclosure is the first stage of the foreclosure process, occurring when a homeowner has missed several mortgage payments, and the lender issues a notice of default. This is a critical period when homeowners still have options to avoid losing their property. How Pre-Foreclosure Works Missed Mortgage Payments – Typically, after 3-6 months of non-payment, the lender will issue a formal notice of default (NOD) or lis pendens (legal notice of pending foreclosure). Grace Period for Resolution – Homeowners generally have a limited window to either catch up on payments, modify their loan, or sell the property before full foreclosure proceedings begin. Foreclosure Proceedings Begin – If no resolution is reached, the lender will proceed with foreclosure, which may result in an auction or repossession. Options for Homeowners Facing Pre-Foreclosure Reinstatement: Pay the missed payments along with p...