Foreclosed Houses: Important Points to Remember



Foreclosed Houses are repossessed by the lenders when the mortgagor meets payment default thereby losing the mortgaged house in the hands of lenders. Lenders recover the due debts by auctioning the foreclosed house and the winning bidder is given certificate of purchase by the lenders.

Foreclosed houses are repossessed by the lenders when the mortgagor meets payment default thereby losing the mortgaged
Foreclosed Houses: Important Points to Remember

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