![]() |
Darrell W. Cook & Associates A Professional Corporation 5005 Greenville Avenue, Suite 200, Dallas, Texas 75206 |
| • |
Menu
ABC's of Foreclosure topics
|
ABC's of ForeclosureWe have assisted hundreds of people that hold mortgages, liens or other types of security foreclose when the debtor defaults on the loan....The process has complex rules that you cannot afford to violate. If you aren't careful, you will be forced to pay the debtor's attorney's fees. But we have a system that will ensure accuracy and will be as expeditious as possible. Click on the links below for a discussion of this process.
Foreclosure
is the proper remedy for repossession of real property
by a mortgagee or lender upon default on the
underlying note obligation by the mortgagor or
borrower. The
two basic underlying documents relevant to the
transaction are the actual promissory note and a deed
of trust. The
note describes terms of repayment of the debt
obligation. The
deed of trust is the document that establishes the
security interests of the mortgagee in the subject
property. All
foreclosure remedies will be described in certain
provisions of the deed of trust.
The remedies will not be triggered until the
mortgagor commits an act of default as described in
the deed of trust. Email: Darrell
W. Cook |
|
Darrell W. Cook & Associates, A Professional Corporation © 2007 | All Rights Reserved |