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As senior citizens get older and find themselves in situations where they have to sell their house, there can be many details involved.
Foreclosure is a legal process that a lending institution or mortgage company obtains ownership of your home, in other words, a repossession of the property.
It’s come time to prepare to sell your elderly parents home. Everyone typically puts it off as long as possible, the cost of caring for them rises and in most cases, it’s inevitable that you’ll have to face selling your parents house.
Having to say my house is being foreclosed is something that homeowners never want to have to admit. Unfortunately home ownership comes with a lot of financial responsibilities.