Question Details

David Guyler, Home Buyer in uk

being from the uk could you please tell me what Foreclosure is ?

Asked by David Guyler, uk Tue Mar 25, 2008

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Foreclosure,basically,is the action taken by someone/some company who you owe to take the collateral (your house) they have a lien on because you have not paid as agreed as on the original loan documents.
0 votes Thank Flag Link Thu Mar 27, 2008
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