Foreclosure is a process through which the mortgaged property is sold by the lender to recover the loan if there are indications that the borrower has defaulted. Normally when a person needs money the security is required by the lender to cover the default risk.
The foreclosure starts when a borrower has missed a payment on a mortgage for which he will receive a missed payment notice from the lender. If a second payment is missed the lender is more worried now and the borrower gets a demand letter. For three consecutive missed payments the lender now gives the borrower a notice of default and the process of foreclosure starts now.
Richard Meyer and two friends from law school recently formed Meyer and
A foreclosure case saw creditors going after the business’s real estate.
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Arkin, the owner of Redacre, executed a real estate mortgage
After submitting the high bid at a foreclosure sale, David Simard
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Recent difficult economic times have caused an increase in the foreclosure rate
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