Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing a sale of the home used as collateral for the loan. 

Typically once you stop making payments the lender will send the homeowner a notice which is called the Notice of Default. The notification states that you have missed payments so therefore you are in default. If you continue to miss payments the lender will then serve you with a Notice of Trustee's Sale. This notice informs the borrower that their home will be sold at a trustee's sale (sheriff sale) on a specific date, time, and location. If you are at this conjuncture you still have time to avoid foreclosure. Contact at our team to discuss your options.