Foreclosure
A legal term applied to any of the various methods of enforcing payment of the debt secured by a mortgage, or deed of trust, by taking and selling the mortgaged property, and depriving the mortgagor of possession.
We are not legal nor accounting professionals and are not providing legal or financial advice. All information contained on this site is general in nature and scope. For advice on your specific needs you should contact an attorney and/or accounting professional.
Copyright © 2004 - 2024
Real Estate Reference
. All rights reserved.