the.com/foreclosure
The bank's polite way of taking back the house you forgot to keep paying for.
means The legal process where a lender repossesses and sells a property after the borrower stops making mortgage payments.
from From Old French forclore, to shut out or exclude — literally barring the borrower from their own door.
Two flavorsJudicial needs a court; nonjudicial skips one.
Grace built inMost loans allow missed payments before action starts.
2008 boomMillions of filings reshaped the U.S. housing market.