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Foreclosure is a legal procedure in which property securing a defaulted loan is sold by the lender. This is done to repay a borrower's loan. The amount paid by a buyer at the foreclosure may not cover the full outstanding loan amount, which means the borrower may continue to owe the lender the difference.
When it comes to foreclosures, there are primarily two types: judicial and non-judicial. To have complete access to the rest of the report, simply fill out the brief form below. PLUS by registering now, you will have access to all of the special reports and the Southern Idaho MLS from my website. Then you can begin to educate yourself to understand this difficult process. |
