NEWS ~ Foreclosure + Mortgage Fraud

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NEWS ~ Foreclosure + Mortgage Fraud

Editor's Note: There are no references to mortgage fraud in Wikipedia.

Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan.

Formally, a mortgage lender (mortgagee), or other lienholder, obtains a termination of a mortgage borrower (mortgagor)'s equitable right of redemption, either by court order or by operation of law (after following a specific statutory procedure).

Website: https://en.wikipedia.org/wiki/Foreclosure
Location: POLITICAL
Members: 1
Latest Activity: Sep 6, 2015

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