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Which one of these is the best way to prevent foreclosure
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Which one of these is the best way to prevent foreclosure

User Stillenat
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23 votes

Answer:

A foreclosure is a forced sale of immovable property by the mortgagee or creditor if the debtor is unable to meet his or her payment obligations. If the debtor is negligent in the payment obligation and the procedure for a forced public sale has been started, both the mortgagor and the mortgagee can request a judicial forced private sale to avoid the auction costs of a foreclosure sale. Therefore, the best way to prevent a foreclosure is none other than the fulfillment of debt obligations, that is, the payment of the sums due in the stipulated time.

User Bbrinck
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