Calculate your Cash Advance with our Inheritance Calculator

Apply Now
(866) 510-2576

What Is a Foreclosure? Definition, Uses and Importance.

Jump To Section

ALL0-9ABCDEFGHIJKLMNOPQRSTUVWXYZ
Share This
Share

When a borrower cannot repay a loan and the lender seeks to sell the property.

Foreclosure is the legal process by which a lender seeks to recoup the amount owed on a defaulted loan by seizing and selling the mortgaged property. Default often occurs when a borrower fails to make a specified amount of monthly payments, but it can also happen when the borrower violates other provisions of the mortgage document. The national average for the number of days required to complete the foreclosure process is 857; however, the timeline varies significantly by state.

Related Articles:
Related Glossary Terms:
« Back to Glossary Index

Jump To Section

Inheritance advanced banner
Featured Articles
Search for more common probate terms
Search

Get Your Inheritance Money Now!

Our Inheritance Cash Advances help heirs receive a portion of their inheritance payout in just a few days. We then wait and are paid directly out of your share when the estate finally closes. We wait for probate so that you don’t have to. Click below and fill out our short form to receive an advance immediately.

Apply Now
Probate Costs
Other Probate Terms You Might Be Interested In
Probate Sale

A probate sale is the sale of a deceased person’s property in cases where they died without leaving a will allocating the property to a

Read More »
May 11, 2023
Heir

An heir is a person entitled to inherit the property of a decedent. An heir is a person who inherits or expects to inherit property

Read More »
January 5, 2023
Statutory Will

Statutory wills follow the standard language contained in a state wills statute. Some states have a template and format for their wills and they can

Read More »
January 4, 2023
Pecuniary

Being in charge of managing a company’s finances is an important responsibility. It affects how much money employees will be able to take home every

Read More »
January 4, 2023
Marital exemption

A tax provision that allows an unlimited amount of property of one spouse to transfer to the other upon death without incurring estate or gift

Read More »
January 4, 2023
Blocked Account

A blocked account in probate refers to cash or securities that are placed in a bank subject to withdrawal upon court order. A blocked account

Read More »
January 4, 2023
Inheritance advanced Logo
Facebook Instagram Youtube
Funding Programs
KNOWLEDGE
ABOUT US
comodoCreated with Sketch.
employee_ownedCreated with Sketch.
bbbCreated with Sketch.
customer_satisfactionCreated with Sketch.

Inheritance Advanced is an inheritance funding company, not a lender. We offer Inheritance Cash Advances which are a new and innovative option for heirs to receive the immediate cash they need during challenging times. This program allows an heir the benefit of receiving immediate money, in exchange for their future inheritance.

Inheritance advances are a way for heirs to receive immediate funds without providing credit or employment verification and they don’t require collateral. You also will not be responsible for high monthly interest payments like probate loans or inheritance loans.

Fill Out The Form & Get An Immediate Quote!

Choose Your Total Estate Value

$

TIP: deduct loans, administrative fees, legal fees and all other expenses

$

Select from 1% to 100%

%

Estimated Advance Amount

$0
See if you qualify