In a basic definition, foreclosure is the legal process by which a lender takes possession of a property when the borrower defaults on their mortgage loan. Foreclosure can have serious consequences for borrowers, so it is important to avoid it if possible.
Would you like to learn more about Real Estate? Have you ever wanted to become a Real Estate Agent? Want to know more about being a Realtor? Click on the link for the schedule of our upcoming classes for Real Estate: tocrres.com
Comments