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Foreclosure – Wikipedia – 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.
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Foreclosure Search – Foreclosed Homes – The foreclosure process, a term often used in today’s economy is, simply when a mortgage holder or a money lender decides to take legal action over the borrower, when the contract terms of the lending process are not met.
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