(800) 539.8014
  

Foreclosures

Foreclosure
Foreclosure is a specific legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan.  Formally, a mortgage lender (mortgagee) or other lien holder obtains a termination of a mortgage borrower (mortgagor)’s equitable right of redemption, either by court order or by operation of law (after following a specific statutory procedure).

If you are worried about foreclosure, call one of our offices today and speak to one of our agents who specializes in Distressed Properties.

Click here to see all Bank Owned / Government Owned / Short Sale property listings in the Hampton Roads area.

 

Foreclosures

Foreclosure
Foreclosure is a specific legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan.  Formally, a mortgage lender (mortgagee) or other lien holder obtains a termination of a mortgage borrower (mortgagor)’s equitable right of redemption, either by court order or by operation of law (after following a specific statutory procedure).

If you are worried about foreclosure, call one of our offices today and speak to one of our agents who specializes in Distressed Properties.

Click here to see all Bank Owned / Government Owned / Short Sale property listings in the Hampton Roads area.