Unfortunately, Foreclosure can happen. By missing a mortgage payment, your lender has the legal means to repossess your home and force you to move out. If your property is worth less than the total amount you owe on your loan, a Deficiency Judgment could be pursued. Both a Foreclosure and a Deficiency Judgment can affect your ability to qualify for credit in the future. So you should avoid foreclosure, if possible.
We've been helping customers afford the home of their dreams for over twenty years and we love what we do.
Company NMLS: 392739
www.nmlsconsumeraccess.org
Powered By LenderHomePage.com