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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.
Company: Lawhorn & Associates Mortgage Company | Address: 200 Westside Square, Suite 602 Huntsville, Al 35801 | Phone: (256) 539-0555 | Fax: (256) 539-0590 | Email: firstname.lastname@example.org
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