What Is the Foreclosure Process?

Foreclosure is the process of a bank or lender taking back into possession a property that they secured a mortgage against, using the home as collateral. Consider working out a mitigation plan to prevent foreclosure with help from a mortgage specialist in this free video on foreclosure.

About the Author

Stetson Lowe is a mortgage expert specializing in assistance with resolving complex mortgage problems and advising both Realtors and mortgage advisers.