Friday, 22 July 2011

What Homeowners Need to Know When Facing Foreclosure

What Homeowners Need to Know When Facing Foreclosure

 


Understanding the Foreclosure Process

What Is Foreclosure?

Foreclosure is the process that allows a lender to recover the amount owed on a defaulted loan by selling or taking ownership (repossession) of the property securing the loan. The foreclosure process begins when a lender files the appropriate documents with the appropriate officials (see below for more details).

Colorado Foreclosure Laws

Colorado

What Homeowners Need to Know When Facing Foreclosure

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