How To Stop Foreclosure In Utah: 8 Ways To Save Your House!
What Does Foreclosure Mean?
Foreclosure is a legal process where a lender attempts to recover the balance of a loan from a borrower who has stopped making payments. This usually involves the lender seizing and selling the mortgaged property. In simple terms, when you miss mortgage payments, the lender can take back the home to sell it and recover the money owed. This process can be stressful and financially devastating, often resulting in the loss of one's home and significant damage to credit scores.