Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan.. Formally, a mortgage lender (mortgagee), or other lienholder, obtains a termination of a mortgage borrower (mortgagor)’s equitable right of redemption, either by court.
Caution Sayings and Quotes. Below you will find our collection of inspirational, wise, and humorous old caution quotes, caution sayings, and caution proverbs, collected over the years from a variety of sources.
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Beware, the Foreclosure Collection Man Cometh Those who walked away without legal counsel may soon regret it as Lenders Start To Pursue Mortgage Payoffs Long After Homeowners Default. When John King stopped making payments on his home in Coral Gables, Florida, two years ago, he assumed the foreclosure ended his mortgage contract, he said.
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Foreclosure Story. 17K likes. "The Foreclosure Story." The story is based on true-life events of a young man, Eric, whose uncanny knack in business.
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