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: 279007 Corp 1407612 Georgia Residential Mortgage Licensee 47419 www.nmlsconsumeraccess.org
8090 Main Street, Woodstock , Georgia 30188 Phone: (770) 450-9717 firstname.lastname@example.org
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