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: 1708246 www.nmlsconsumeraccess.org
605 Hwy 50 #9 Zephyr Cove, NV 89448 Phone: (775) 580-7400 firstname.lastname@example.org
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