A Real Estate foreclocure is the legal process by which an owner's right to a real estate property is terminated.
This usually happens when the home owner defaults on the mortgage payments.
Foreclosures typically involves a forced sale of the property at public auction, with the proceeds being applied to the mortgage debt.
For more about Forclosures visit our foreclosure blog atwww.FouyeForeclosure.com
For more about mortgages visit our mortgage blog atwww.FouyeMortgage.com
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