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repossessed mobile homes in henderson, nc

We also sale Utility Axles and Tires. RALEIGH (919) 772-5013. Choose from price, year, beds, baths, home size, and several others. Oakwood Homes of Rocky Mount sells expertly crafted mobile and modular homes at a great value. We found 12 active listings for mobile & manufactured homes. MLS ID #2470245. These homes, which are often sold to the highest bidder at a public auction, usually sell for less because a lender wants to get its money back quickly. . Skip to main content. . YP advertisers receive higher placement in the default ordering of search results and may appear in sponsored listings on the top, side, or bottom of the search results page. . Call now. 4 . Foreclosure Explained for Beginners, Foreclosure Property - What are they and how to buy them, 8 Things to watch out for when buying a Foreclosure home. Contact. Goodsons Mobile Home Store. These properties are owned by a bank or a lender who took ownership through foreclosure proceedings. Come visit us today and find the home of your dreams! $137,500. $36,480. These one-in-a-lifetime real estate deals are that good. Please consider looking at other types of properties available here on our website, such as short sales and pre-foreclosures. 100 . Tel: 225-806-8293 Fax: 337-565-6176. Texas Repo Mobile homes. Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Founded in 2002 by top real estate professionals, Foreclosurerepos.com's mission is to provide the best data available for North Carolina and the whole U.S. We specialize in foreclosure homes, repo homes, REO, foreclosed properties, short sales and sheriff sales. Here are some ways to find repo mobile homes. 2 bedrooms (6 homes) $98,430. $150,000s. Greystone Retirement Community, Hendersonville, NC 28792, Rosewood Mobile Home Park, Arden, NC 28704, Gorgeous partially furnished 3Bdrm/2Bath: Drywall, Garage, Garden, Affordable 55+ Living in a quiet neighborhood, NEW PRICE!! Schedule a Visit. near Henderson, NC. 5250 HENDERSONVILLE HIGHWAY, FLETCHER, NC 28732 (828) 684-1550. Alert me about homes in Please choose an optionPhone CallE-mailText Msg, How Did You Find Us? BARHAM LN. The house is set back off the road. . Repo Mobile Homes Oregon. Built Homes Mobile Home Foreclosures Nationwide Here More North Carolina Repos Marshal Sales Government Surplus. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified. There are currently 8 repossessed mobile homes listed on MHVillage in 28393. We provide nationwide foreclosure listings of pre foreclosures, foreclosed homes , short sales, bank owned homes and sheriff sales. Oakwood Homes of Asheville sells expertly crafted mobile and modular homes at a great value. Founded in 1998. This Mobile Home Foreclosure is located at Barham Ln, Henderson, NC 27537. NC, GASTON - 1997 OAKWOOD multi section for sale. The nations leaders in online real estate foreclosure listings information delivery. Financing Options. REPO. NC, GASTON - 1997 OAKWOOD multi section for sale. 1999 Oakwood Homes Corp Mobile Home for Sale. VMF Homes is a leader in the marketing of used, foreclosed and repossessed homes. 3 bedrooms (40 homes) $191,652. . Pre-foreclosure #30219061. Sort: New Listings . 3 Bed 2 Bath 2023 Clayton. For sale! View 179 homes for sale in Henderson, NC at a median listing home price of $195,000. These factors are similar to those you might use to determine which business to select from a local Yellow Pages directory, including proximity to where you are searching, expertise in the specific services or products you need, and comprehensive business information to help evaluate a business's suitability for you. Henderson NC Mobile Homes. When browsing homes, you can view features, photos, find open houses, community information and more. CONTACT. Don't have an account yet? Shop around and act fast on a new real estate investment in your area. This property is currently bank owned with an estimated market value of $113,475 . When browsing homes, you can view features, photos, find open houses, community information and more. 3912 FAYETTEVILLE RD., RALEIGH, NC 27603 Find affordable manufactured homes for sale or rent near you. 1,166 Sq Ft. 106 Charles Brown Rd, Warrenton, NC 27589. Includes single-family homes and condos in foreclosure, The property was foreclosed and repossessed by a lender when the owner failed to make payments. Sort: Homes for You. Browse photos, see new properties, get open house info, and research neighborhoods on Trulia. This 1997 Liberty Homes doublewide has been gutted for a retrofit but has one bath and the kitchen mainly intact. NC, OXFORD - 2000 CHAMPION multi section for sale. Allendale, MI. Oakwood Homes of Fletcher sells expertly crafted mobile and modular homes at a great value. These can be some of the benefits of securing a repossessed mobile home. Find real estate price history, detailed photos, and learn about Buncombe County neighborhoods & schools on Homes.com. Board of Trade. . Based on information submitted to the MLS GRID as of 2023-03-02 00:05:42 . GREAT DEAL - 55' x 26'.5" Double wide mobile home - buyer must move offsite. OAKWOOD HOMES of ROCKY MOUNT. and others in and near the Henderson County, NC area at Foreclosure.com. Foreclosed properties can be found on various websites and print publications, via online real estate searches, at bank offices and websites, and in local newspapers. CREATE AN ACCOUNT. The reason we recommend this is that pre-foreclosures arent usually listed for sale, which means that you will have less competition from other buyers. There are 181 active homes for sale in Henderson, NC, which spend an average of 80 days on the market. Contact Us. Find affordable homes near you. Over 1 million foreclosure homes for sale updated daily. IN BUSINESS. 2772 Asheville Hwy, Canton NC 28716. amy@boardoftrade.net. Come visit us today and find the home of your dreams! 1995 Mobile Home for Sale Henderson, NC. There are many great reasons to downsize in a mobile home. Another important thing to remember is that pre-foreclosures are usually sold below market rate and they can be great real estate deals. Cash in before everyone else! Buy North Carolina foreclosed homes for as little as $10,000 using our website! CLAYTON HOMES of RALEIGH. HUDHomesUSA.org is not affiliated with or endorsed by the US Department of Housing and Urban Development. NC, OXFORD - 2000 CHAMPION multi section for sale. Evangeline Thrwy. Explore Similar Homes Within 10 Miles of Henderson, NC. VA, LAWRENCEVILLE - 2017 THE BREEZ single section for sale. Click the image for larger image size and more details. All brick ranch home located in a rural setting with large 2+ acre lot. The Village - Simple Life, Flat Rock, NC 28731. How We Can Help. ASHEVILLE (828) 252-2401. . YP advertisers receive higher placement in the default ordering of search results and may appear in sponsored listings on the top, side, or bottom of the search results page. All Age Community 2 2 14ft x 66ft. *Advertised starting sales prices are . Kitchen offers a small breakfast area. By everything, we mean newer appliances, better insulation, and more energy efficiency compared to older models. Henderson North Carolina Real Estate foreclosure statistics: See pricing and listing details of Henderson real estate for sale. HENDERSON (252) 492-5017. . Amenities: I beleive he did a very good job . Logo MENU . Choose from price, year, beds, baths, home size, and several others. Address. List Map. *Please choose an optionInternet SearchGoogle AdvertisementFacebook PageCraig's List AdTruliaZillowFriends/FamilyOther. Mobile/Manufactured Homes For Sale in Hendersonville, NC. There are 86 discounted homes for sale in Henderson County, NC we think you'll love. By giving you access to our nationwide network of state-of-the-art facilities that lead the industry in modular home design and quality for custom home building in North Carolina. Websites and print publications. We have renovated bathrooms for homeowners.. Offers can be submitted through the official Listing Agent but in some cases, no agent is listed and offers can be submitted the bank owner directly. Everything went very smooth, From Business: We have provided TOP quality. We will be removing the Sheriff Sales category in the near future. $175,000 (EMV) Pre . Mobile homes offered as a result of repossession are often great investments. 1-25 of 44 properties for sale found. Right now, Henderson County, NC currently has 76 HUD foreclosure listings available. How Does Foreclosure Work in Real Estate? Oakwood Homes of Henderson sells expertly crafted mobile and modular homes at a great value. 2. 4 Beds. 3300 Golden Aspen. Come visit us today and find the home of your dreams! Short Sale. HUD offers a variety of apartments, duplexes, townhouses and single-family houses to purchase in Henderson County, NC. 297 Jonas Ridge Drive. Carencro, LA 70520. Watch these videos below for more details on how to purchase these properties. Remember, we update our listings often so be sure to check back daily! With MHVillage, its easy to stay up to date with the latest mobile home listings in the Henderson area. Below you will find foreclosure listings of foreclosure homes for sale in and near Henderson county. 5 Hannah Grace Way, Hendersonville, NC 28792 - Opportunity. With MHVillage, its easy to stay up to date with the latest mobile home listings in the 28393 area. Find foreclosure listings and foreclosed homes for sale in North Carolina. New Home. Very professional and hard workers! Phone: 210-617-3767. NC, ROANOKE RAPIDS - 2018 THE BREEZE II multi section for sale. I beleive he did a very good job . A bank is now the owner. Repossessed Mobile Homes in Henderson on YP.com. It has , 2,072 sqft of living space. default, distress, or REO (real estate owned), You can also find The Highest Quality Repo Mobile Homes NC Has To Offer! These mobile homes are move-in-ready, which means this is a manufactured home on land, in North Carolina, ready for you & your family to live in now! These properties are owned by a bank or a lender who took ownership through foreclosure proceedings. These types of properties can offer great opportunities for real estate investment. You will receive FREE saved search emails directly to your inbox. Please choose an optionMorningAfternoonEveningNights, Preferred Way To Contact You? San Antonio, TX 78227 This is a list of San Antonio NEW HOMES & San Antonio Bank repossessed homes from all over South Texas showing homes within about 100-200 miles of the San Antonio Area.Manufactured Homes TRANSPORT SERVICES, NEW HOME Installations, Skirting & driveways, land clearing & more. Texas-Wide Listings Of Bank Foreclosed Move-In-Ready Mobile Homes On Land. Will definitely recommend to anyone and everyone that needs this type of work done! Come visit us today and find the home of your dreams! Mobile Home for Sale, 2012 Legend NC, ROCKY MOUNT - 2012 LEGEND single section for sale. Come visit us! . By signing up for property alerts, I have read the Terms and Conditions of Service and agree to receive emails from Foreclosure.com. 1. Find foreclosures and foreclosed homes in 28773, SC. All other marks contained herein are the property of their respective owners. Hendersonville, Henderson County, NC. This property is Real Estate Owned, or REO. A list price is published but reasonable offers can be submitted for consideration. Home: Contact Don't overpay for your next home in Henderson County, NC. What is a Foreclosure? Come find your dream home today! 1 was here. Brand new single level manufactured Champion Homes cottages on leased land lots in the 55+ Active. More. Boulder Ridge. Everyone. Our database includes free listings for cheap properties available for lease-purchase, rent to own by owner, foreclosed homes and owner financing. New, Used, and Repossessed Mobile Homes. NC 27804 (252) 316-8245. View All Available Homes View Sale Homes. Who we are What we offer Repo vs foreclosure Financing information The team Contact us. There are currently 18 new and used mobile homes listed for your search on MHVillage for sale or rent in the Henderson County area. Preferred listings, or those with featured website buttons, indicate YP advertisers who directly provide information about their businesses to help consumers make more informed buying decisions. Visit Oakwood Homes of Henderson and tour our quality-built, new mobile, modular and manufactured homes for sale available in your area. Providing affordable new, used, and bank repossessed mobile homes in Mississippi as well as financing options for all types of credit. OAKWOOD HOMES of ASHEVILLE. Other listings. Search all Henderson County, NC Mobile Homes foreclosures available in NC. Based in Grand Rapids, Michigan, MHVillage Inc. is the nations premier online marketplace for buying and selling manufactured homes with more than 25 million unique visitors annually. Budget conscious home remodeling. Wendell, NC 27591. Save thousands on incredible foreclosure deals in Henderson County, NC. 4 Bedrooms! The Highest Quality Repo Mobile Homes NC Has To Offer! Don't overpay for your next home in Henderson County, NC. Listing provided by TMLS. Foreclosed. Will definitely recommend this company to anyone. These money-making opportunities can deliver huge savings on your next purchase. Other listings. From Business: Refurbish and Manufacture Mobile Home Axles and Tires. Be the first to know when a house in your area goes into foreclosure. West Jefferson, NC 28694. There are currently 15 new and used mobile homes listed for your search on MHVillage for sale or rent in the Henderson County area. Regulations for Manufactured Homes - 2019 Edition. ROCKY MOUNT (252) 316-8245. CALL (210) 887-2760. 5 - A newer home means better everything. GO. that match this search. 2. 4 Bedrooms!! YEARS. $76,900. Sheriff Sales are now Preforeclosures. Agent listings. Opportunity to renovate and update in this market. New and Used Mobile Home Dealership . Henderson, NC 27537. Buying Tips: We recommend that you first search for any available pre-foreclosure property in your area. YP, the YP logo and all other YP marks contained herein are trademarks of YP LLC and/or YP affiliated companies. THEY WERE GREAT and anytime you have a bad car situation call these guys they will help out of any jam you are in dealing with your car, I had recently had a tub and wall surround recently changed out by MR. Cunningham . Find the best foreclosure homes listings for sale bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) Schedule a Visit. Learn about & get approved for a Mortgage. Move In Mobiles - North Carolina Mobile Home Repos. Foreclosure homes for sale in Henderson, bank owned homes, REOs, foreclosed homes and short sale deals are updated daily on our website. 113 JOHN BOYLE LN, HAMLET, NC 28345 . Find Repossessed Manufactured Homes near 28393. Please sign in before saving this search. Currently, there are 21 new listings and 121 homes for sale in Henderson. Online auction for boats, cars, jet skis etc. Had a great experience with this company!!! FAQ. Many of these programs will work . Budget conscious home remodeling. NC, ROCKY MOUNT - 2012 LEGEND single section for sale. Everything went very smooth, From Business: We have provided TOP quality. Very professional and hard workers! for Sale, 2018 Clayton Homes Inc. 6045 ASHEVILLE HWY, HENDERSONVILLE, NC 28791 (828) 684-4874. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); With an inventory of both high-end and low-priced North Carolina mobile home repos, you are sure to find the right home at the right price! There are 91 discounted homes for sale in Henderson County, NC we think you'll love. More . See how you can personalize our built-to-order home models with the options that are right for you, starting affordably under $100K in most areas.*. Had a great experience with this company!!! These factors are similar to those you might use to determine which business to select from a local Yellow Pages directory, including proximity to where you are searching, expertise in the specific services or products you need, and comprehensive business information to help evaluate a business's suitability for you. You can also narrow your search to show specific types of homes using the sort and filter options available. Below are 18 best pictures collection of Greentree Repossessed Mobile Homes photo in high resolution. top of page. 1. Get photos, foreclosure status, property details, loan data and home value in NC. 8 myths about renting you should stop believing immediately, 6 ways home buyers mess up getting a mortgage, 6 reasons you should never buy or sell a home without an agent, Difference between agent, broker & REALTOR, Real estate agents reveal the toughest home buyers they've ever met, Do Not Sell or Share My Personal Information. Sort: Homes for You. for Sale, 2018 Ranch, Manufactured Home - Henderson, NC for Sale, 2001 Ranch, Manufactured Home - Henderson, NC for Sale, 1984 Ranch, Manufactured Home - Henderson, NC for Sale, 1993 Ranch, Manufactured Home - Henderson, NC for Sale, 1993 Residential/Vacation - Henderson, NC for Sale, Browse 10 Cheap Houses for Sale ! Allendale M. 11400 Boyne Blvd. Loved my experience with them! . Homes for sale in Henderson, NC have a median listing home price of $195,000. We have renovated bathrooms for homeowners.. Home Size. Last year, more than 80,000 homes were sold on MHVillage with a combined transaction value exceeding $3 billion. YP - The Real Yellow PagesSM - helps you find the right local businesses to meet your specific needs. With MHVillage, its easy to stay up to date with the latest mobile home listings in the 28393 area. ID Number: Minimum Price: Minimum Price $0 $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 $80,000 $90,000 $100,000 $125,000 $150,000 $175,000 $200,000 . Skip to main content. YP - The Real Yellow PagesSM - helps you find the right local businesses to meet your specific needs. We provide Henderson North Carolina and nationwide foreclosure listings directly from the source. 1 Bath. I have remodeled kitchens for homeowners ALL over NC. Fonville Morisey/Wake Forest Sales Office, Fonville Morisey/Brier Creek Sales Office, Home buyers reveal: 'What I wish I had known before buying my first home, Debunked! . When Can We Best Contact You? North Carolina Mobile Homes. Call us for more information or visit the website. Hours. For details and availability, contact Lori Miller at 919-647-0029 or lori.miller@ncdoi.gov. In order to save a search you first need to create a profile. With MHVillage, its easy to stay up to date with the latest mobile home listings in the Henderson County area. Pick Your Colors. 105 20th St. Nw. With an inventory of both high-end and low-priced North Carolina mobile home repos, you are sure to find the right home at the right price! Follow us on Facebook! HOME; HOME SEARCH; MY ACCOUNT; ABOUT VMF HOMES . . . Please give us a call if you need more detailed information about our mobile homes. Many listings on Foreclosure.com are not found anywhere else. Search for pre-foreclosure and foreclosure home listings. FAQ. 5624 E Shore Drive. Stewartville, MN. Clayton Homes of Hendersonville sells expertly crafted mobile and modular homes at a great value. #0063 The Washington. Since banks are not in business to own homes, they are usually interested in selling foreclosed homes quickly at attractive low prices. 828-648-5371. 0 . Find Pre-Owned Mobile Homes. From Business: At Oakwood Homes, we offer more than affordable homes, we are opening doors to a better life with quality built and energy efficient manufactured homes. There are currently 0 new and used mobile homes listed for your search on MHVillage for sale or rent in the Henderson area. Come visit us today and find the home of your dreams! Foreclosures 31, Pre-foreclosures 30, Short sales 2, Sheriff sales 7, 1998 - 2023 Foreclosure Listings Corporation - Show Hours. The 2019 State of North Carolina Regulations for Manufactured Homes may be purchased from 8:30am to 4:30pm, Monday thru Friday. Counties with Manufactured Homes For Sale Near Me. Save thousands at closing with home foreclosure listings in Henderson County, NC up to 75% off market value! All brick ranch home located in a rural setting with large 2+ acre lot. Filters. for Sale, 2018 The Breeze Ii NC, ROANOKE RAPIDS - 2018 THE BREEZE II multi section for sale. 1593 PATTON AVENUE, ASHEVILLE, NC 28806 (828) 252-2401. FINANCING. Ten-X holds real estate licenses in all 50 states and D.C. 442-H New York Standard Operating Procedures, TREC: Information about brokerage services, Homes.com is operated by Ten-X. In 1785, Lewis Reavis purchased land in in north-central North Carolina and created a private farm known as "Lonesome Valley." . Use the Preforeclosure option to see all Sheriff Sales and auction dates. Clayton Homes of Raleigh sells expertly crafted mobile and modular homes at a great value. for Sale, 1999 Oakwood Homes Corp Mobile Home for Sale, 2017 The Breez VA, LAWRENCEVILLE - 2017 THE BREEZ single section for sale. You may also be interested in single family homes and condo/townhomes for sale in popular zip codes like 27537, 27549, or three bedroom homes for sale in neighboring cities, such as Wake Forest, Oxford, Louisburg, Youngsville, Franklinton. Home Value*. They may soon be listed for sale. From Business: At Oakwood Homes, we offer more than affordable homes, we are opening doors to a better life with quality built and energy efficient manufactured homes. Come visit us today and find the home of your dreams! Since banks are not in business to own homes, they are usually interested in selling foreclosed homes quickly at attractive low prices. have it made sales event. We Can Special Order This Farmhouse Esthetic Home For You. 6333 Stag Trail. Private 55+ Mountain Community. If you located a great foreclosed HUD home deal near you, be sure to first get pre-qualified before attempting to purchase the property - this . Displaying 1 - 10 of 86 Results. YP, the YP logo and all other YP marks contained herein are trademarks of YP LLC and/or YP affiliated companies. Save up to 62% with deals in Henderson County, NC. contact. The number of available foreclosure properties in our database varies with market conditions. Southern Hi. Manufactured Housing-Distributors & Manufacturers. Hendersonville. Everyone. Price Reduced. Foreclosure $49,900 3 Bedrooms 2 Bathrooms . Manufactured Housing-Distributors & Manufacturers Mobile Home Equipment & Parts. Servicing Virginia, North Carolina, and South Carolina. You can also narrow your search to show specific types of homes using the sort and filter options available. Save thousands at closing with home foreclosure listings in Henderson County, NC up to 75% off market value! 4 bedrooms (12 homes) Millions of people receive foreclosure alerts daily, don't miss out. ft. BEFORE OPTIONS. There are currently 8 repossessed mobile homes listed on MHVillage in 28393. These tax foreclosed homes are available for pennies on the dollar - as much as 75 percent off full market price (and more)! $309,900 3 Beds; 2 Baths; 1,153 Sq Ft; 75 Glen View Rd, Arden, NC . You could be in season where your expenses may be . An account allows you to find and keep up with the mobile homes that interest you. 4 beds 2 baths 2,432 sq. FAQ. When browsing homes, you can view features, photos, find open houses, community information and more. Will definitely recommend to anyone and everyone that needs this type of work done! When browsing homes, you can view features, photos, find open houses, community information and more. $199,000. Get an alert. Pre-owned mobile homes are often purchased for 20-40% below market value. View 28773 foreclosure house photos, foreclosure home details, pre-foreclosed home outstanding loan balances & foreclosed homes on Hud Foreclosed. Open lawn space in front and side yards for a garden or addition. Some of the hottest neighborhoods near Henderson, NC are North Hills, 5401 North, Wakefield Plantation, Heritage, Triangle Town Center. Foreclosed. Skip to main content. Mon: 9:00AM - 5:00PM. Our site does not guarantee the availability of any property listed herein. Open lawn space in front and side yards for a garden or addition. Find your dream home in the 28393 area using the tools above. Home Search; My Account; About VMF Homes; Login; MENU . You can refine your search through our modular home plans in Henderson, North Carolina by price, style, number of bedrooms, number of bathrooms, type of home . Will definitely recommend this company to anyone. These repo homes are some of the best opportunities for homebuyers and real estate investors alike to find cheap homes for sale. Home. Loved my experience with them! Search results are sorted by a combination of factors to give you a set of choices in response to your search criteria. September 2021 Revisions to 2019 Regulations for Manufactured Homes. Living room with plenty of natural light from large windows. The house is set back off the road. $94,900 Land/Home. Actually, you'll often find these repossessed homes are newer and went from the original owner to the bank. Henderson County. Rent to Own Homes in Henderson, NC. Skip to main content. You can have traditional houses or even repo mobile homes - any property used as a residence. Enter an address, city, state or zip code below to view super-saving listings near you: Be sure to act fast and be persistent because the best tax deals might disappear as soon as tomorrow. 7152 Nc 39 Hwy S. Henderson, NC 27537. Foreclosure North Carolina Mobile Home Repos. Windzone 3 AVAILABLE in select models! Now $158,266! I had recently had a tub and wall surround recently changed out by MR. Cunningham . We also sale Utility Axles and Tires. Our Henderson county foreclosures, sheriff sales, short sales and pre- foreclosures, will also include the full contact information for all foreclosed properties including number of bedrooms and baths and price. All our foreclosure listings are pre-screened for accuracy by our team of professionals on a daily basis. Get information on foreclosure homes for rent, how to buy foreclosures in Henderson County, NC and much more. Single Family Home 4 Beds / 3 Baths 2,842 sq. The property was foreclosed and repossessed by a lender when the owner failed to make payments. 16640 S US Hwy 281 #2. 314 Brandi Dr, Asheville, NC 28806. FAQ. Find your dream home in the Henderson County area using the tools above. Sign up today because the best tax deals might disappear as soon as tomorrow. Consumer protection notice, No Henderson NC Foreclosure Homes for Sale, 442-H New York Standard Operating Procedures. Banks are willing to price repos at unbelievably low rates, and work with credit scores of all kinds, find out how you can benefit. Greensboro, NC 27406. Terms and Conditions - Privacy Policy. More Homes On Sale - Call 1-800-504-5924 for Details. Agent listings. . leeann@repodepotmobilehomes.com. I have remodeled kitchens for homeowners ALL over NC. Email: info@repomh.com. 2 2 26ft x 55ft. See photos and more. 4700 N.E. Henderson, NC 27536 (252) 492-5017 (252) 492-5017 Visit Website. A repo home - also referred to as a foreclosure or Real Estate Owned (REO) - is a parcel of real estate that has been seized by a lender after a homeowner defaults on his or her mortgage loan.

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