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.
We've been helping customers afford the home of their dreams for many years and we love what we do.
Company NMLS: 19161
Registered Mortgage Broker-NY State Department of Financial Services NMLS #19161
7448 Amboy Road
STATEN ISLAND, New York 10307
Phone: (718) 356-2900