First and foremost, let’s define what each action is and does:
Foreclosure: Definition
This is a situation in which a homeowner is unable to make full
payments on his/her mortgage. This allows the lender to seize the
property and evict the residents. Borrowers who miss a payment are given
a grace period to pay it back. If it is not paid by the end of the
grace period, the lender can seize the home, ending your all
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Do you know how to use a Cap Rate to determine a property’s value. An investment in real estate is one of the more financially respo...
