What is Foreclosure?

By |2020-09-12T00:01:55+00:00September 12th, 2020|Uncategorized|

Foreclosure is the legal process by which a lender attempts to recover the amount owed on a defaulted loan by taking ownership of and selling the mortgaged property. Typically, default is triggered when a borrower misses a specific number of monthly payments, but it can also happen when the borrower fails to meet [...]