Home purchasing

Orange County Free Forum: Understanding the Foreclosure Purchase Process

From the Orange County Clerk

According to a report by bloomberg.com, foreclosure filings such as notices of default, scheduled auctions or bank foreclosures jumped 29% from the previous month and more than doubled from January 2021. In the United States United, lenders repossessed 4,784 properties during the month. and started the process on another 11,854 homes.

Foreclosure investing refers to the process of investing capital in the public sale of a mortgaged property following the foreclosure of the loan secured by that property. In real estate, foreclosure is the termination of a mortgagor’s or dealer’s redemption equity in the property covered by the mortgage.

As an investor, it can be a tricky business to break into, but in Orange County there is help.

Orange County Clerk Tiffany Moore Russell invites you to attend the next edition of their Legal Issues Forum Series – Understanding the Foreclosure Buying Process.

The Sunshine State ranks number two in the United States – just behind California in the number of homes currently foreclosed. There has been growing interest in buying foreclosed properties as inventory in the traditional housing market has become tight.

With this forum, Orange County will shed light on foreclosure purchases, address common concerns, and educate the public and investors on how to navigate this process.

The forum will take place Thursday April 28 from 6:00 p.m. to 8:00 p.m. online via the Zoom platform.

Legal Matters was created as a service to make legal information more easily accessible to the public.

“These forums are one of the best ways to give our citizens better access to justice, and I know housing is such a critical topic right now,” Clerk Russell said.

Registration required

the Legal Issues Forum Series – Understanding the Foreclosure Buying Process will be held via Zoom on Thursday, April 28, 2022, from 6:00 p.m. to 8:00 p.m.

For more information and to register for this legal forum, go here.