Author Archives: Suzanne Mobyed
How Often Should I Update My Estate Plan?
How Long Does a Foreclosure Stay on Your Credit Report?
What is Foreclosure?
Foreclosure is a legal process that can occur if the homeowner fails to keep up with their mortgage payments, which gives the lender the right to seize the house to recover what is owed to them. However, before starting the foreclosure process, lenders must wait until the homeowner has missed at least four monthly mortgage payments, at which time the mortgage is 120 days delinquent.