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: 1465644 CALBRE: 01998648
313 Sycamore Valley Rd
Danville, CA 94526
Phone: (925) 838-1460
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