Court Order: Foreclosure

foreclosure: There are variations of how a foreclosure happens, but generally it is when your bank or lender gets a court order to take the property away from you for lack of loan repayment then sell the property at a public auction, according to The Chronicle Herald and Foreclosure is a scary word, and it should be. It signifies the loss of control of your home or business, despite your best efforts and regardless of the consequences to you or your family. There are ways to avoid a foreclosure, so lets look at some of the choices which may be available to you. (www.immigrantscanada.com). As reported in the news.