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Inspections on a Foreclosed Property
by Property
on May 14, 2021 @03:58
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When someone who has borrowed money to mortgage a property fails to make payments to the lender and is delinquent on that loan, the default mortgage process begins. If repayment does not resume or arrangements are not made with the mortgage servicer, the property moves through the foreclosure process.
These foreclosed properties are assets of the banks and need to be regularly checked and maintained to ensure the property is not damaged or vandalized.
Read More: property inspection services
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