George Alford's Blog – August 2012 Archive (1)

Foreclosure happens when the lender takes away your home, turns you out from it and sells it off to get back his money. This can happen, if you default on the loan payments, or if you are unable to make even the minimum payments. In fact, as per the reports, foreclosures have been happening at a record rate in the US. Foreclosure neither is good for you or your lender. This is because, foreclosure is a legal and complex process, which also is a costly affair too. In such a situation, home …