| div cl | | | | What is foreclosure? |
| Just when you thought that the only word that you | | | | Foreclosure happens when the borrower or the home |
| need to keep in mind when it comes to Boston | | | | owner goes on default, and he can no longer make |
| foreclosure houses is âforeclosure,â | | | | the repayments to his loan. As a consequence, the |
| you realize that there are a lot more. You also need to | | | | lender will have to take action and consider his |
| understand âreal-estate owned | | | | property as foreclosed. Depending on which state the |
| (REO)â and âshort sale.â | | | | house is found, the lender may go to court or not. The |
| Why? Because these terms can have some effect | | | | only goal he has in mind is to sell the house to the one |
| on the entire processes of your Boston foreclosure | | | | who bids the highest in a public auction. |
| houses. | | | | |