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    oan given to the original borrower. In the judicial foreclosure process, the sheriff notifies the auction as applied for by the lender. The auction t
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    Foreclosure ensues when the owner of the home or property is in default of making regular repayments of a loan. The borrower would not only lose the home or property in question as he/she is in breach of the mortgage agreement, but also credit-worthiness.

    The loss occurs as the lender, who would be a bank or other creditor, would repossess the home or property by due process. The process could be judicial when it is called judicial foreclosure or direct take-over by the mortgagee or his agent.

    Both processes involve auction, by which the lender gets his full settlement of the loan given to the original borrower. In the judicial foreclosure process, the sheriff notifies the auction as applied for by the lender. The auction t

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    home or property in question as he/she is in breach of the mortgage agreement, but also credit-worthiness.

    The loss occurs as the lender, who would be a bank or other creditor, would repossess the home or property by due process. The process could be judicial when it is called judicial foreclosure or direct take-over by the mortgagee or his agent.

    Both processes involve auction, by which the lender gets his full settlement of the loan given to the original borrower. In the judicial foreclosure process, the sheriff notifies the auction as applied for by the lender. The auction t

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    ould be a bank or other creditor, would repossess the home or property by due process. The process could be judicial when it is called judicial foreclosure or direct take-over by the mortgagee or his agent.

    Both processes involve auction, by which the lender gets his full settlement of the loan given to the original borrower. In the judicial foreclosure process, the sheriff notifies the auction as applied for by the lender. The auction t

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    losure or direct take-over by the mortgagee or his agent.

    Both processes involve auction, by which the lender gets his full settlement of the loan given to the original borrower. In the judicial foreclosure process, the sheriff notifies the auction as applied for by the lender. The auction t

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    oan given to the original borrower. In the judicial foreclosure process, the sheriff notifies the auction as applied for by the lender. The auction takes place in the court hall, which is a matter of formality.

    When the bank repossesses the property, it would be put up for sale to settle the debt. If there is any extra amount available, it would go back to the original owner.

    In the direct foreclosure, the lender or his counselor gives notice to the mortgager and subsequently auctions the property. Sometimes, the owner of the home or property has to be evicted.

    The buyer of the property in question would have to get a decree for possession.

    The priority of the borrower, who fails to pay off the installments regu

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