Foreclosure Homes In Leesburg GA

Therealestateconcier25 Mar, 2022Other

There are several foreclosure homes In Leesburg GA. Foreclosure is a judicial process wherein the mortgagor's (borrower's) entitlement to a mortgaged property may be terminated if the mortgagor (borrower) fails to comply the mortgage's requirements. The mortgagee (lender) may then proclaim the entire sum due and payable, and foreclose on the property to settle the loan. The majority of foreclosures are handled through equity processes. If the debtor is completely bankrupt and the entire value of the house is spent to pay off the debt, strict foreclosure, the harshest technique, may be applied.