NAVIGATING THE MORTGAGEE SALE PROCESS: A STEP-BY-STEP GUIDE

A mortgagee sale occurs when a borrower defaults on their mortgage payments. This triggers the lender, known as the mortgagee, to sell the property to recover the outstanding debt. The process can be complex and protracted, so it's crucial for both borrowers and potential buyers to understand each step. First, the mortgagee issues a notice of forec