Foreclosure, a situation in which your lender takes the ownership of your house and sells it to recover the debt you owe on your mortgage. In addition to the financial issues (that have caused you to miss the mortgage payment) you face at that time, you end up by losing your home due to the foreclosure. And that's the main reason that no one wants to face foreclosure like situation in his life.
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Caroline AllisonI help my clients make long term financial decisions with respect to their real estate investments, whether for personal use or investment. Archives
September 2017
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