What is a Foreclosure?

Home foreclosure is a process by which a lender regains a property which they have financed. Typically, this is because the borrower or homeowner is behind on house payments and is unable to catch up, often due to circumstances outside of his or her control. When the lender forecloses on the homeowner, the homeowner must move out of the house, therefore, losing all possession of the property and jeopardizing any possible equity that the homeowner may have in the home. There is a legal time frame, which varies from state to state, which determines how long the foreclosure process can take.

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Distressed Mortgage Solutions, And Its Independent Agents, Are Not Attorneys Or A Law Firm And Not A Substitute For The Advice Of An Attorney. Distressed Mortgage Solutions Does Not Engage In The Practice Of Law, Loan Modification, Short Sale Or Foreclosure Defense. The Company Is Compliant With The Federal M.a.r.s. Act, In That, The Services Offered To Homeowners Is A Securitization - Forensic Mortgage Audit Provided To Consumers As Related To The Mortgage Loan. Consumers Are Encouraged To Seek The Advice Of A Qualified Lawyer Or Law Firm On Legal Matters Related To Forensic Audit Errors And/or Violations, Loan Modification, Foreclosure Defense, Property Sale Dates And Related Legal Matters. At The Request Of Consumers, Distressed Mortgage Solutions May Refer And/or Recommend The Client To A Qualified Attorney Or Law Firm For Further Evaluation Of Their Specific Mortgage-related Legal Matters.