Foreclosure Process Info
The legal process by which a borrower's interest in mortgaged property is taken because of a default on the loan. This usually involves a forced sale of the property at public auction with the proceeds of the sale being applied to the mortgage debt. There are many steps in the process and there are differences between foreclosures and short sales so to clarify the differences please provide me you name and email below so I can answer any questions or concerns you may have. Thank you for taking the time.