Foreclosure
what is a foreclosure,and how does a home aquire equity.how do you go about finding foreclosure homes.
what is a foreclosure,and how does a home aquire equity.how do you go about finding foreclosure homes.
"what is a foreclosure,and how does a home aquire equity.how do you go about finding foreclosure homes"
in a nutshell,
1) foreclosure is the process a lender may pursue to enforce repayment of a debt collateralized by real estate
2) equity can be described as the difference between what a home is worth and what is owed on the home
Equity is created by reducing the amount owed, and/or increasing the home's value