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    lly foreclosure is resorted to when the borrower defaults on paymen
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    Foreclosure is a legal process by which a bank or a creditor auctions, sells or posssesses an immovable property, when the owner fails to repay the lender the borrowed money. The agreement between the lender and the borrower is called a mortgage or a deed of trust. Usually foreclosure is resorted to when the borrower defaults on payment
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    ns, sells or posssesses an immovable property, when the owner fails to repay the lender the borrowed money. The agreement between the lender and the borrower is called a mortgage or a deed of trust. Usually foreclosure is resorted to when the borrower defaults on paymen
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    to repay the lender the borrowed money. The agreement between the lender and the borrower is called a mortgage or a deed of trust. Usually foreclosure is resorted to when the borrower defaults on paymen
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    ender and the borrower is called a mortgage or a deed of trust. Usually foreclosure is resorted to when the borrower defaults on paymen
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    lly foreclosure is resorted to when the borrower defaults on payment and the agreement is secured by a lien on the property.

    Foreclosures are of two types in the United States, namely judicial foreclosure and non judicial foreclosure.

    Judicial Foreclosure: In judicial foreclosure the foreclosure is basically a type of lawsui

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