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What is a Short Sale?

Foreclosure vs. Short Sale

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Free Report - Foreclosure Guide

Foreclosure Law

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Foreclosure Law Definitions

Foreclosure

Foreclosure is a process that allows a lender to recover the amount owed on a defaulted loan by selling or taking ownership (repossession) of the property securing the loan. The foreclosure process begins when a borrower/owner defaults on loan payments (usually mortgage payments) and the lender files the necessary documents to begin the foreclosure proceedings.

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