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Unfortunately, Foreclosure can happen. By missing a mortgage payment, your lender has the legal means to repossess your home and force you to move out. If your property is worth less than the total amount you owe on your loan, a Deficiency Judgment could be pursued. Both a Foreclosure and a Deficiency Judgment can affect your ability to qualify for credit in the future. So you should avoid foreclosure, if possible.
We've been helping customers afford the home of their dreams for many years and we love what we do.
Company NMLS: 184318
CA BRE #01848949
814 Morena Blvd #107
SAN DIEGO, California 92110
Phone: (619) 283-4000