Foreclosure also known as repossession, is the action of taking possession of a mortgaged property when the mortgagor fails to keep up their mortgage payments. The mortgaged property may be sold to pay off the loan that's in default.
Stem Lending is a mortgage broker, helping home buyers comparison shop for their mortgage. Currently available to home buyers in Colorado, Connecticut, New Jersey, Pennsylvania, and Virginia. NMLS: 1648699