It's when a homeowner is unable to make principal and/or interest payments on their mortgage. The lender, a bank or building society, can seize and sell the property as stipulated in the terms of the mortgage contract.
Address:200 W 22nd Street
Suite 280Lombard, Illinois 60148
Phone: (630) 620-5200
Fax: (224) 534-3327
NMLS 191342 (www.nmlsconsumeraccess.org)ILLINOIS RESIDENTIAL MORTGAGE LICENSEE - MB.0004233
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