Foreclosure is a process that allows a lender to recover
the amount owed on a defaulted loan by selling or taking ownership
(repossession) of the property securing the loan. The foreclosure
process begins when a borrower/owner defaults on loan payments
(usually mortgage payments) and the lender files a public default
notice, called a Notice of Default or Lis Pendens. The foreclosure
process can end one of four ways. How does this provide an opportunity
to you? Motivated sellers, discounted homes prices, and baseically
unbelievable deals on new homes in Florida!
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