
Too often individuals purchase a home without sufficient consideration or understanding of their loan agreements and mortgage responsibilities.
Therefore we are expanding our efforts to educate the public on the dangers of predatory lending, the importance of maintaining a household budget, and the alternatives to foreclosure.
What is Foreclosure?
A legal process by which the lender or the seller of a property forces the sale of a mortgaged property because the borrower has not made payments or met the terms of the mortgage. A foreclosure can also be defined as a repossession of the property by the lender.
Tips to help avoid foreclosure
or shop for a home mortgage
from the FDIC
(Federal Deposit Insurance Corporation)
Click here to read more...
Avoid foreclosure:
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