Nobody wants to experience the foreclosure process at any point in their lives. Unfortunately, sometimes there are circumstances outside of our control that may put us in that situation. When it comes down to it, there is only one thing that can put your home into foreclosure. That is repeated missed payments on your mortgage. […]
During pre-foreclosure, there are many steps the banks are required to follow before seizing your home, and during this process, you can still potentially stop the final foreclosure.
Foreclosure is a legal process by which a lender attempts to recover the amount owed on a defaulted loan by taking ownership of the mortgaged property and selling it.