Sentences with phrase «foreclose on delinquent loans»

Not exact matches

If you default on your loan or become delinquent with your payments, the lender has the right to foreclose your home.

The study, which analyzed the «boomerang borrowers» who foreclosed or short - sold between 2007 and 2010 and have since obtained another mortgage, reveals 68 percent of the two million - plus homeowners with improving credit are now in a more favorable risk tier — and only 3 percent of those who foreclosed and 1.5 percent of those who short - sold are delinquent on their new loan.

Or you could buy a delinquent note from the bank at a discount and take over the home loan, he suggests, essentially becoming the lender, and eventually foreclosing on and reselling the property at a profit.