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: 143255 www.nmlsconsumeraccess.org
1803 Research Blvd STE 102 Rockville, MD 20850 Phone: (888) 719-2976 email@example.com
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