"Possible foreclosure" means that there is a chance or likelihood that a person's property may be taken away by a lender or bank due to the owner's failure to make mortgage payments. Full definition
It's important to consider all available options before risking possible foreclosure. (metrocu.org)
Those who are facing possible foreclosure should reach out to their mortgage servicers and explore the alternatives that are in place to help homeowners year - round.» (rismedia.com)
The federal agency overseeing Fannie Mae and Freddie Mac, the taxpayer - owned mortgage finance giants, failed to refer to criminal investigators and other authorities almost 100 complaints about possible foreclosure abuse and mortgage fraud at the companies over a recent two - year period, according to a report issued late Tuesday by the inspector general of the Federal Housing Finance Agency. (nytimes.com)