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What does barred by foreclosure mean?

Asked by Trulia Orlando, Orlando, FL Wed Dec 5, 2012

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You may want to contact the party presenting this information and get their interpretation. What was the context of the information presented?
1 vote Thank Flag Link Wed Dec 5, 2012
When a foreclosure is conducted according to law, the debtor's right of redemption is forever barred by the foreclosure. That means the debtor has lost the title to the property and the lender is the new owner. That phrase is also used when a municipality takes possession of a property for non-payment of real estate taxes through a judicial process. The final court decree in a tax title case forever bars the delinquent owner's right of redemption by reason of the tax
1 vote Thank Flag Link Sat Jun 15, 2013
Benard excellent answer! Precise and to the point!
VP
Flag Mon Jun 17, 2013
please find all listings and valuable free information at
http://www.BUY-SELL-RENT-FLORIDA.com
1 vote Thank Flag Link Wed Dec 5, 2012
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