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.
Get started with your Home Mortgage
No hassle, no obligation
We've been helping customers afford the home of their dreams for many years and we love what we do.JRP Real Estate & Mortgage, Inc.
Company NMLS: 1417096 www.nmlsconsumeraccess.org
1356 Mitchell Rd Suite B Modesto, California 95351 Phone: 209-900-1994
Powered By LenderHomePage.com