Foreclosure Properties
note
Last Update: 02 Feb 2023
Foreclosure is a legal process in which a lender seizes a property, usually a home, from a borrower who has defaulted on their mortgage loan payments. The lender initiates the foreclosure process after the borrower has failed to make payments for a specified period, which is typically several months. During the foreclosure process, the lender will sell the property to recover the amount owed on the mortgage.
How to find a foreclosed property?
Is it worth buying?
Watch this short video to get some insight>>