Hard Money, Loan Officer Training, Mortgage School, Mortgage Training, Hard Money Loans, Hard Money Mortgage, Hard Money Lenders

 
MENU
 
 
 
 
 
 
 

Foreclosure

A legal term referring to the failure of a mortgagee to pay the amounts specified in the terms of the mortgage contract. In foreclosure, legal proceedings often determine that the lender on the property gains control of it, barring a 'foreclosure sale'.