Common Foreclosure Terms and Definitions

Foreclosure Terms

Talking about foreclosure real estate can be hard enough without even entering the market. That's because foreclosures tend to have a language of their own, employing many obscure words originating in government housing legislation and real estate law. Without a background in these areas, prospective investors and buyers will not be able to decipher even the simplest foreclosure contract. This article lists some of the more common foreclosure terms as a reference for people interested in this … [Read more...]

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