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Are You Facing Foreclosure?

To "Foreclose" in the original sense means "bar someone from redeeming a mortgage". It means to stop, prevent, rule out or prevent a course of action, in this case, prevent the mortgagee (home owner) from redeeming (making good) his mortgage and take possession of the mortgaged property. The word comes from Latin "for" meaning in this case "out" plus "clore" to close. This is a right that is stripped from the homeowner in favor of the lender, then and only then can the lender take possession of the homeowner's property. In other words, the homeowner has the right to make...

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