Foreclosure is the legal process by which an owner's right to a property is terminated. This is usually due to default. Typically this involves a forced sale of the property at public auction, with the proceeds being applied to the mortgage debt.
When someone asked me an advice of buying a foreclosed house and private mortgage insurance, I did gave them a little thought. I also send them to Bankaholic.com as there are all you can get the info about mortgage and foreclosure homes. Bankaholic.com did provides ideas and brilliant tips to these related issues.
So, if you are looking for a foreclosure home or maybe knowing how to stop foreclosure, check out Bankaholic.com and grab all their tips and advice as they are written by experienced and expert personnel.