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Foreclosure: When a borrower fails to meet the obligations agreed upon in the mortgage loan agreement and the lender repossesses the property in order to get the money they loaned to the borrower back.
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Second Mortgage: Another loan on the equity of a home. The second mortgage takes secondary authority to the first mortgage on the lien to the home. When the home is sold or foreclosure upon (in the case of a default), the first mortgage lien holder is pai
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Introduction to Refinancing Home Tips in the past to handle difficult financial time For food Grow a Garden Continue reading “Introduction to Refinancing Home – video clips tips”