Foreclosure
Law Definitions
Sale
If a homeowner can no longer afford the home, the lender
will usually agree to a specific amount of time for the
homeowner to find a purchaser in order to pay off the
total amount owed. The lender usually expects the
homeowner to obtain the services of a real estate
professional who can aggressively market the property and
obtain a quick sale or sale to a private investor.
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foreclosure law definitions
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