Foreclosure is a legal process initiated by lenders when a homeowner fails to make mortgage payments. It typically involves stages such as missed payments, a notice of default, and culminates in a public auction of the property. Understanding these key phrases are crucial for homeowners and home-buyers!
#ClosingAttorney #HomebuyingAdvice #HomebuyingTips #RealEstateLaw #AskAnAttorney #HomeClosing
