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KATY GRAND PARKWAY & I-10 LENDER AUTHORIZED SALE TIMES SQUARE PLAZA BANK FORECLOSURE LENDER OWNED OFFERED FOR SALE Total GLA 92,749 SF Location 402 West Grand Parkway, Katy, Texas 77494 Sales Price

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What is lender authorized sale?

Lender authorized sale refers to a legal process where a lender, typically a financial institution, has obtained authorization to sell a property that was pledged as collateral for a loan due to default or non-payment by the borrower.

Who is required to file lender authorized sale?

The lender or financial institution that holds the lien or mortgage on the property is required to file for a lender authorized sale.

How to fill out lender authorized sale?

To fill out a lender authorized sale, the lender needs to provide relevant information about the property, borrower, loan terms, and the reason for the sale. This information is typically included in a legal document known as a Notice of Sale or similar form.

What is the purpose of lender authorized sale?

The purpose of a lender authorized sale is for the lender to recover the outstanding loan amount by selling the property pledged as collateral. It allows the lender to recoup their losses when a borrower defaults on their loan payments.

What information must be reported on lender authorized sale?

The lender authorized sale must report information such as the property address, borrower's name, loan details (amount, interest rate, term), the reason for the sale, and any other relevant information as required by the governing laws and regulations.

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