Whenever a homeowner defaults on a loan, a legal procedure takes place known as foreclosure. When this occurs, the bank or lender may try to seize the property in order to partially recover their losses. If the lender is successful, this is typically done through a court case, and the borrower may be required to vacate the property. There are numerous factors that might cause a home or property to go into foreclosure, including sudden unemployment, financial difficulties, unexpected medical expenses, etc.
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WHAT IS MEANT BY FORECLOSURE?
RAVINDRAN P
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2023-06-02T09:41:53+00:00 2023-06-06T12:11:01+00:00Comment
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