Similarities of Foreclosure and Bankruptcy

Basic Differences Between Foreclosure and Bankruptcy And Options For Every Homeowner Should Know!

Posted by Wendy Poltorek // June 16, 2021 // Avoiding Foreclosure / Blog / Cleveland / Featured / We Can Buy Your House // bankruptcy / Difference between Foreclosure and Bankruptcy / home mortgage / Similarities of Foreclosure and Bankruptcy

difference between foreclosure and bankruptcy

During financial hardships on a home mortgage, some homeowners find it difficult  to understand the differences between Foreclosure and Bankruptcy, and which options to consider. Foreclosure is a legal process in which a lender attempts to recover the balance of a borrower’s unpaid home loan.  Consequently, the lender forces the sale of the asset or […]

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