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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.
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Company NMLS: 1579555 www.nmlsconsumeraccess.org
8600 Park Meadows Dr #300A. LoneTree, Colorado 80124 Phone: (303) 572-6895 Info@premierhomeloansco.com
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