Foreclosure
The legal process of the mortgage lender taking possession of and selling the
property. When you default on a loan and the lender determines you are incapable
of making payment, you may lose your house to foreclosure.
The legal process of the mortgage lender taking possession of and selling the
property. When you default on a loan and the lender determines you are incapable
of making payment, you may lose your house to foreclosure.