It's when a homeowner is unable to make principal and/or interest payments on their mortgage. The lender, a bank or building society, can seize and sell the property as stipulated in the terms of the mortgage contract.
Get started with your Digital Mortgage
No hassle, no obligation
We've been helping customers afford the home of their dreams for many years and we love what we do.
Company NMLS: 3485 www.nmlsconsumeraccess.org
27007 Red Ironbark Drive Valley Center, California 92082 Phone: 760-297-3087 firstname.lastname@example.org
Powered By LenderHomePage.com