Tag: foreclosure guide

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The Phases of Foreclosure

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House Owner
concept image for phases of foreclosure

Foreclosure occurs when a borrower fails to meet the obligations set forth in the mortgage. When a borrower doesn’t meet their obligations, the lender can foreclose on the property to secure the loan. Due to the legal and financial ramifications of foreclosure, there are a series of steps a lender needs to take in order […]

Does Foreclosure Affect a Lease?

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House Owner
Woman wondering if foreclosure will affect her lease

Due to the volatility of the economy and housing market at times, anything can happen. If you are a landlord or lessee you may wonder, does foreclosure affect a lease? A lot of the answers to this question depend both on the type of lease and your locality. Below you will find helpful information on […]