St. Louis Area Foreclosure Homes

A Foreclosure is a specific 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 the sale of the asset used as the collateral for the loan.

The definition of Foreclosure presents different interpretations in the real estate market that are predicated upon the situation. It can depict a financial challenge that brings about fear and uncertainty by the owner of a residential property, or for others it may contrive visions for a positive investment opportunity.