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Foreclosures are a popular subject on Trulia. Our Trulia Voices real estate community has many real estate experts who have a deep understanding about all aspects of the Foreclosure process. Some of you have written some great blog posts while others have provided excellent answers in the comment section. We want to make all your current and future content easily discoverable on Trulia by creating a Foreclosure Glossary.

Here’s the skinny:

• We’ve created some key foreclosure terms for the community to blog about
• Select the foreclosure terms that you are most knowledgeable in - one blog post per term
• Use one of the suggested terms as your subject line ex. ‘Absolute auction’
• We’ll review all the blog posts for each term and select the best post which will get featured in the glossary
• Best posts will be selected by a combination of Thumbs up and by our judges at Realty Trac
• First review will start on Feb 24th. More reviews will happen on a monthly basis, so the best posts will get the chance to be included on the glossary
• Each post in the Foreclosure Glossary will include the name of the author and a link to your profile

With the help of the community, we look forward to creating a go to source of foreclosure information for consumers and professionals. If you have any suggestions or thoughts, please share them with us.

Trulia Foreclosure Glossary Terms:

Absolute auction
Absolute net lease
Abstract (abstract of title)
Acceleration clause
Adjustable rate mortgage
Amortization
Assessor
Awaiting Update
Bankruptcy
Beneficiary
Bid authorization letter
Breach
Debt service
Declaration of Default
Deed in lieu of foreclosure
Deed of Trust
Deferred payment mortgage
Delinquency
Equity build-up
Eviction
Extension agreement
Federal tax lien
Foreclosure
Foreclosure sale
Forfeiture
Full Reconveyance
Government Owned (GOV)
History of Notices
Important notice
Invalid
Junior Lien
Lien
Lien waiver
Listing Agreement
Negative amortization
Nonjudicial foreclosure
Nonmilitary affidavits
Note
Notice of Default (NOD)
Notice of rescission
Notice of sale (NTS or NFS)
Notice of Trustee’s Sale (NTS)
Novation
Postponement
Preliminary injunction
Pre-publication period
Publication Letter
Publication period
Ratification
Real Estate Owned (REO) or bank owned properties
Recession of Notice of Default
Reconveyance
Reinstatement
Reinstatement Period
Request for notice
Request to prepare notice of default
Return and account of sale by trustee
Short sale
Soldier’s and sailor’s relief act
Statement/Invoice
Temporary restraining order (TRO)
Toll
Trustee’s sale
Trustee’s sale guarantee
Trustee’s sale proceeding
Trustor
Lis Pendens (LIS)
Notice (Judgment) of Foreclosure Sale (NFS)
Promissory note
Quitclaim deed
Transmittal form (TS138)
Trustee’s deed upon sale

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