WHAT IS FORECLOSURE?

Understanding what it means is the most crucial thing you’ll ever have to do if you want to stop foreclosure. You MUST know what you are up against and how it actually works — especially if you’re already behind payments —so you can find your way out. 

I know foreclosure can be frightening, especially for someone who does not have any idea what it really means. Keep on reading to get an idea about how it works and how you can get out of it.

What is Foreclosure, anyway? – It is a legal procedure wherein the “lender” takes back property when the homeowner is too far behind their mortgage or when they stop paying it completely. It is a very serious business. It can be stressful and frightening for some, that’s why you have to be prepared for it. Having a property that is about to be foreclosed is …

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