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: 134866 www.nmlsconsumeraccess.org
6626 E. 75th Street #110 Indianapolis, Indiana 46250 Phone: (317) 849-1900 Aaron: email@example.com or John: firstname.lastname@example.org
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