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What Is Foreclosure?
Foreclosure is the legal process by which a lender takes control of a property, evicts the homeowner and sells the home after a homeowner is unable to make full principal and interest payments on his or her mortgage, as stipulated in the mortgage contract. It may seem daunting at first, but we’re to guide you through it all. […]
5 Year Statute of Limitations on Foreclosures
There isn’t an endless time frame that creditors including mortgage holders have to collect on their debts and foreclose on a property. Homeowners who have not been able to make their mortgage payments but have yet to have their lender or holder file a foreclosure action against them should find out exactly what the time […]