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A foreclosure is a situation whereby a homeowner is deprived of the right to use their property after failing to make principal or interest payments on their mortgage.

A residential real estate property is perhaps one of the biggest undertaking an individual could have in their life. It's an enormous investment and leap for a family but of course, not all homes are permanent.

Real estate properties are one of the most valuable properties that people would have and we should know that they are also a great investment to have.