Tag Archives : common law

Foreclosure

Foreclosure

Posted by on July 28, 2009 · 3 Comments

Foreclosure is the solution available for a lender if a borrower defaults. This is a legal right for the lender against the property of borrower. normally when a lender gives a loan to a person, lender obtains some sort of security from that person usually any property. and if that borrower fails to return the loan amount. the lender try’s to get that security.

Filed in: Mortgage
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