What are the main cause of foreclosure?

Medical emergency or illness that results in a large medical debt. Divorce or death of a spouse or partner who contributed to the income.

What are the main cause of foreclosure?

Medical emergency or illness that results in a large medical debt. Divorce or death of a spouse or partner who contributed to the income. Borrowers who are late in paying their mortgage usually take a series of steps before facing foreclosure.

Foreclosure

is the result of breaking your repayment agreement with your lender and not making alternative repayment arrangements, such as a loan modification.