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Monthly Archives: May 2017

Foreclosing Process: All You Need to Know

2018-11-28T16:34:49-05:00

What is foreclosure? When the homeowner (borrower) is unable to make the mortgage payments the property goes into foreclosure. The bank (lender) can take back the house to recover the money loaned. The bank does not take your house right away. It takes four missed payments (four months) for the bank to start the foreclosure [...]

Foreclosing Process: All You Need to Know 2018-11-28T16:34:49-05:00