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.
© Copyright 2013. All rights reserved.
Address: 2100 Main St #255 Huntington Beach, CA 92648
Phone: (714) 536-2200
© 2018 The Wright Loans. All Rights Reserved.
United American Mortgage Corp NMLS 1942, CA RE Brokers Lic. 01154798HB Captial NMLS 362696, CA RE Brokers Lic 01154798NMLS 234953 CA Brokers License 01817982