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.
We've been helping customers afford the home of their dreams for many years and we love what we do.
Company NMLS: 222955
6330 Riverside Plaza Lane Suite 175
Albuquerque, New Mexico 87120