Category Archives: Power of Sale

Thinking of buying a Power of Sale property? Here’s what you need to know.

A power of sale property is similar to a foreclosure, except in one important way, if you’re the buyer:  the original owner holds a right of redemption right up to closing. That means that if they can scrounge up the … Continue reading

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Help – the bank wants to sell my home under a Power of Sale. Is there any way to keep my house and/or my credit rating?

A Power of Sale is where a bank or lender has evicted the occupants of a home for failing to pay off their mortgage (often referred to as “defaulting” on their mortgage payments) and are now taking steps to sell … Continue reading

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Difference between Power of Sale and Power of Attorney — it’s not that confusing!

I have a new listing where the seller is a financial institution acting under a Power of Attorney. Even the seasoned realtors who have called me about it have misunderstood what that means and confused a Power of Attorney with … Continue reading

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