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Foreclosure is a situation in which a homeowner is unable to make mortgage payments as required, which allows the lender to seize the property, evict the homeowner and sell the home, as stipulated in the mortgage contract.. 13 Fast Track Tips You Can Use to Prepare for a Mortgage Application.
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13 Fast Track Tips You Can Use to Prepare for a Mortgage Application. Written by Petra on October 24, 2018. How to Get Prepared for a Mortgage Application. Buying a house in Lakeland can be an exciting time if you are prepared and. Work with your real estate agent on this to make sure you aren’t missing anything.