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.
Cite this Article
Lowe, Stetson. "What Is the Foreclosure Process?" Pocket Sense, https://pocketsense.com/what-is-the-foreclosure-process-13582790.html. 27 September 2017.
Lowe, Stetson. (2017, September 27). What Is the Foreclosure Process? Pocket Sense. Retrieved from https://pocketsense.com/what-is-the-foreclosure-process-13582790.html
Lowe, Stetson. "What Is the Foreclosure Process?" last modified September 27, 2017. https://pocketsense.com/what-is-the-foreclosure-process-13582790.html
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