What is a foreclosure? A foreclosure is when the bank decides that they no longer want to work with you during your most vulnerable moment. It's a legal process in which your lender will attempt to auction your home to recover the balance of the loan. In most cases that loan balance payoff will include some ridiculously high lawyer fees. So let's explore some options that may be available to get you out of a foreclosure situation along with some pros and cons of each. FORBEA
