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: 108686 www.nmlsconsumeraccess.org
All Tech Mortgage Inc. NMLS ID: 1086867403 Lakewood Dr W, STE 4Lakewood, Washington 98499
Phone: (253) 472-1500 email@example.com
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