What Does a Foreclosure Attorney Do?
Foreclosure, also known as foreclosure. Refers to the borrower's right to redeem the collateral due to default on repayment. The lender obtains ownership of the relevant real estate collateral or sells the real estate collateral to offset the debt of the borrower according to the prescribed legal procedures.
Foreclosure
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- Chinese name
- Foreclosure
- Foreign name
- Foreclosure
- Alias
- Foreclosures
- the reason
- Default on repayment
- Foreclosure, also known as foreclosure. Refers to the borrower's right to redeem the collateral due to default on repayment. The lender obtains ownership of the relevant real estate collateral or sells the real estate collateral to offset the debt of the borrower according to the prescribed legal procedures.
- definition
- Some families may receive more than one foreclosure notice due to multiple mortgage loans. Foreclosures are as serious on a personal credit report as bankruptcy and are likely to be rejected when applying for a loan later.
- Foreclosure is the mortgage of a property to a lender, the bank. At this point, the bank automatically becomes the owner of the property, and can control and buy and sell the property at will. The property will also be sold for less than its market value.