What is Foreclosure?
The process by which a promise to repay a loan or debt secured by a deed of trust is enforced against real property. At the conclusion of foreclosure proceedings, the real property is sold to repay the debt or loan at a public auction called a foreclosure or trustee's sale.
Learn More
- What is a Contract for Deed?
- What is a Short Sale?
- What is Loss Mitigation?
- What are Loss Mitigation Negotiations?
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