A home becomes a foreclosure property when a property owner goes 3 months without making a payment to the lender. At this time, the lender is legally allowed to proceed with reclaiming the property, also known as the "foreclosure process." Once the property is reclaimed, it is technically considered to be a "foreclosure" and is included in the foreclosure list.

A home becomes a foreclosure property when a property owner goes 3 months without making a payment to the lender. At this time, the lender is legally allowed to proceed with reclaiming the property, also known as the "foreclosure process." Once the property is reclaimed, it is technically considered to be a "foreclosure" and is included in the foreclosure list.

A home becomes a foreclosure property when a property owner goes 3 months without making a payment to the lender. At this time, the lender is legally allowed to proceed with reclaiming the property, also known as the "foreclosure process." Once the property is reclaimed, it is technically considered to be a "foreclosure" and is included in the foreclosure list.

A home becomes a foreclosure property when a property owner goes 3 months without making a payment to the lender. At this time, the lender is legally allowed to proceed with reclaiming the property, also known as the "foreclosure process." Once the property is reclaimed, it is technically considered to be a "foreclosure" and is included in the foreclosure list.