It's when a homeowner is unable to make principal and/or interest payments on their mortgage. The lender, a bank or building society, can seize and sell the property as stipulated in the terms of the mortgage contract.
Credit Union Mortgage Association, Inc.
10800 Main Street, Fairfax, VA 22030
Phone: 703-425-1204, 800-231-8855
Fax: 703-425-7089
NMLS ID #296727
WE DO BUSINESS IN ACCORDANCE WITH THE FEDERAL FAIR HOUSING LAW AND EQUAL CREDIT OPPORTUNITY ACT.