What is a Foreclosure?

2022-05-23T18:43:08-04:00March 19th, 2019|Categories: Buyers, Mortgages|Tags: , , |

As you're looking through Ellicott City homes for sale, you may see some listed as foreclosures. So what are foreclosures, and should you buy one? What is a Foreclosure? A foreclosure is a home that's been through a legal process after its owner has been unable to make payments on it. It's not a home in which the owner misses one payment - usually, foreclosure