Red and white "Foreclosure, Home for Sale" sign in front of a stone, wood house that is for sale and is being foreclosed upon by a financial institution. Green grass and bushes indicate the spring or summer season. Front porch and windows in background. Economic depression, recession, bankruptcy concepts.
A lender decides to foreclose on, or repossess, a property when the owner fails to pay the mortgage. Unfortunately, thousands of homes end up in foreclosure every year.
Many people lose their homes due to job loss, credit problems, divorce, unexpected expenses and economic instability.
Failure to pay property taxes may also cause a homeowner to lose their home. Trouble can also arise when owners neglect to pay local water bills and home insurance premiums.
No more messy pipelines—REW Deals organizes your buy and sell-side transactions in a centralized platform. Easily track progress, monitor key metrics, and close more deals! Learn more.
