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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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Address: 410 E. State Street, Ste. B Geneva, Illinois 60134 Phone: (630) 845-1200 Fax: (630) 845-1204 Email: Firstcosmo@fcmortgages.com
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