Unfortunately, Foreclosure can happen. By missing a mortgage payment, your lender has the legal means to repossess your home and force you to move out. If your property is worth less than the total amount you owe on your loan, a Deficiency Judgment could be pursued. Both a Foreclosure and a Deficiency Judgment can affect your ability to qualify for credit in the future. So you should avoid foreclosure, if possible.
Calculated Risk Analytics LLC dba Excelerate Capital is licensed by the Department of Business Oversight under the California Residential Mortgage License, AZ #0945350, CA RMLA #41DBO‐45150, CO #1165716, HI #HI-1165716, OR #ML‐5363, FL #MLD1579, TX #1165716. NMLS #1165716. 4000 MacArthur Blvd, Suite 800, Newport Beach, CA 92660.
4000 MacArthur Blvd