It's when a homeowner is unable to make principal and/or interest payments on their mortgage. The lender, a bank or building society, can seize and sell the property as stipulated in the terms of the mortgage contract.
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Company NMLS: 34381 www.nmlsconsumeraccess.org
8700 State Line Rd Ste 340Leawood, KS 66206913-289-5502
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