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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Masters Team Mortgage NMLS: 265226 DRE: 01826555Randy Masters NMLS: 316188 DRE: 01073465
785 Orchard Dr Suite 250 Folsom, CA 95630 Phone: (916) 988-5858 firstname.lastname@example.org
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