It's when a homeowner is unable to make principal and/or interest payments on their mortgage. The lender, a bank or building society, can seize and sell the property as stipulated in the terms of the mortgage contract.
BBMC Mortgage, a Division of Bridgeview Bank Group, doing business as LenderCity®
Company NMLS: 484683
17813 Edison Ave., Suite 201
Chesterfield, Missouri 63005
Phone: 888.880.CITY (2489)