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What Is the Foreclosure Process?

by Stetson Lowe ; Updated September 27, 2017

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.

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Lowe, Stetson. "What Is the Foreclosure Process?" , https://pocketsense.com/what-is-the-foreclosure-process-13582790.html. 27 September 2017.
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