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Legal Word of the Day
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- foreclosure sale
- When a homeowner is about 60 days past due on his/her mortgage payment, the lender (bank) might want to repossess the house to satisfy the outstanding debt. A Notice of Default is sent to the homeowner and that is how the foreclosure begins.
After receipt of a Notice of Default a homeowner has certain time to pay the amount owed to the bank, or may … Full Definition »
Legal Dictionary & Law Glossary
David P BubAttorney at LawPRACTICE AREA: Personal Injury, Professional Malpractice, Insurance Litigation
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