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Foreclosure is a legal proceeding by which a lender can sell or repossess a home when the owner has stopped making payments. The steps which make up a foreclosure process can feel daunting. It helps to understand your personal rights through it all, along with the responsibilities as homeowner.
A homeowner must fall 90 days behind on a mortgage, in most states, before the mortgage lender can legally initiate the foreclosure process. This stage has to happen prior to the foreclosure starting and this is th...
