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.
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Company NMLS: 235599
Real Estate Broker
CA Dept of Real Estate
Lic #01851459 | NMLS 235599
Nevada Division of Mortgage Lending
Lic #5483 | Branch NMLS 2334073
CALIFORNIA
113 Presley Way Ste 6
Grass Valley, California 95945
Phone: (530) 271-5500
NEVADA
1130 Selmi Dr, Ste 602
Reno, NV 89512
Phone: (775) 862-8700
stan@nclending.com
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