Foreclosure and Buying a Foreclosed Home: A Guide

A mortgage is a type of secured loan, with the house serving as collateral. Technically, a borrower owns the house as soon as they sign the mortgage contract, but if they fail to meet their monthly repayments and any other obligations, the lender may seek to secure the asset. This process is known as foreclosure. […]

Foreclosure and Buying a Foreclosed Home: A Guide is a post from Pocket Your Dollars.

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