Wednesday, February 8th, 2012

The ABCs of Foreclosure Presented by Pete Mitchell

March 25, 2010 by  
Filed under All Posts

What is a foreclosure? In the simplest terms, a foreclosure is a legal proceeding by which property is repossessed by a lender due to the borrower’s failure to fulfill the terms of a mortgage or deed of trust. In most cases, this means the borrower has either been unable or unwilling to make the agreed-upon payments.