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What is a foreclosure?

Foreclosure happens when the lender takes control of a property after a borrower misses multiple mortgage payments, defaulting on the loan. The foreclosure process can take up to several years, and if ...
CHEEKTOWAGA, N.Y. — The Walden Galleria is going through the mortgage foreclosure process after the owner defaulted on a multimillion-dollar loan. Wells Fargo Bank, National Association, as a trustee ...