February 2009
What is a Foreclosure?
February 3, 2009 by David Patterson · Leave a Comment
Foreclosure is the legal process in which a bank or other secured creditor sells or repossesses a parcel of real property after the owner has failed to comply with an agreement between the lender and borrower called a “mortgage” or “deed of trust”. Commonly, the violation of the mortgage is a default in payment of [...]