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It's when a homeowner is unable to make principal and/or interest payments on their mortgage. The lender, a bank or building society, can seize and sell the property as stipulated in the terms of the mortgage contract.
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Company NMLS: 292706 www.nmlsconsumeraccess.org
12655 W. Jefferson Blvd. Fl 4Playa Vista, CA 90066Office : (800) 431-7002Fax : (310) 496-2703 email@example.com
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