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What Kind Of Debt Is Subject to Foreclosure Foreclosure is a legal proceeding by which the debtor is deprived from the rights over a property due to the failure to comply with the repayment of a debt. Thus, only defaults on secured debts can carry foreclosure as a consequence. While often foreclosure is used as synonym of repossession, truth is that foreclosure is the legal process explained above and repossession is the consequence of that process. It is the actual execution of the judges decision. Home loans, home equity loans and car loans (when the vehicle is used as collateral) are the main examples of debts that can imply a foreclosure if you default on the loan. poker slots slot load free casino chips no composite video to pci slot
