For REM Only?
In reading Tax Foreclosures there is sometimes a statement (for REM only), what does this mean?
In reading Tax Foreclosures there is sometimes a statement (for REM only), what does this mean?
REM is a term applying to a legal action made against a property or subject, not against a person.
It sometimes relates to a lien that will convey with the property
For example, an 'in rem' foreclosure may apply to a tax lien foreclosure vs. a mortgage foreclosure.