Phrases with «to foreclose the house»

"To foreclose the house" means that the bank or the lender takes ownership of someone's house because they weren't able to pay back the money they borrowed. It is a legal process where the homeowner loses the rights to their home. Full definition

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Sentences with «to foreclose the house»

  • Part of it is because lending guidelines have changed since the housing collapse so fewer buyers are out there for some homes... there are still stockpiles of foreclosed houses in Southern Utah that keep trickling into the market from banks... and buyers are more choosy than they were in years past because many of them have learned that you can no longer buy a house and bank on the fact that it will appreciate a 3 % + a year in value. (rapidhousebuyers.com)
  • Part of it is because lending guidelines have changed since the housing collapse so fewer buyers are out there for some homes... there are still stockpiles of foreclosed houses in Nashville that keep trickling into the market from banks... and buyers are more choosy than they were in years past because many of them have learned that you can no longer buy a house and bank on the fact that it will appreciate a 3 % + a year in value. (nashville-home-buyer.com)
  • Of course, your bank can foreclose your house for mortgage nonpayment, and your car can be repossessed if you miss car loan payments, as these are not covered by Chapter 7. (badcredit.org)
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