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westside bankowned

New bankowned Foreclosure and REO listings on the Westside

Foreclosure is the legal process by which a mortgage lender (mortgagee), or other lien holder, obtains a termination of a mortgage borrower (mortgagor)’s equitable right of redemption, either by court order or by operation of law (after following a specific statutory procedure). Usually a lender obtains asecurity interest from a borrower who mortgages…

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