It's when a homeowner is unable to make principal and/or interest payments on their mortgage. The lender, a bank or building society, can seize and sell the property as stipulated in the terms of the mortgage contract.
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Company NMLS: 881999/2083601
www.nmlsconsumeraccess.org
41908 Vardon Drive
Temecula, CA 92591
Phone: (949) 709-0411
Fax: (949) 528-6599
Eddie@EddieMacMortgage.com
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