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: 235599
Real Estate BrokerCA Dept of Real Estate Lic #01851459 | NMLS 235599Nevada Division of Mortgage LendingLic #5483 | Branch NMLS 2334073
CALIFORNIA113 Presley Way Ste 6 Grass Valley, California 95945 Phone: (530) 271-5500NEVADA1130 Selmi Dr, Ste 602Reno, NV 89512Phone: (775) 862-8700 email@example.com
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