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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Parkside Lending, LLC HQ180 Redwood St., Suite 250San Francisco, CA 94102Corporate Office:P (800) 363-7821F (415) email@example.com
© 2019 Parkside Lending, LLC NMLS# 176162 | 180 Redwood St., Suite 250, San Francisco, CA 94102 | (415) 771-3700 | All rights reserved. All loans are subject to credit approval. Contact Parkside Lending LLC for details. Parkside Lending, LLC
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