It's when a homeowner is unable to make principal and/or interest payments on their mortgage. The lender, a bank or building society, can seize and sell the property as stipulated in the terms of the mortgage contract.
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22521 Avenida Empresa Suite 100Rancho Santa Margarita, CA 92688 Phone: (949) 229-7891 Concierge@nextgenerationlender.com
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