What is the difference between a forced foreclosure and a foreclosure?

Foreclosure is the legal process by which the lender takes over and sells the home when the homeowner defaults on the mortgage. A forced foreclosure is slightly different from a general foreclosure. In a forced foreclosure, the house is foreclosed because the homeowner defaulted on any of the terms and conditions of the mortgage that would allow him or her to stay in the home. If you are a homeowner, it is important for you to read and understand the terms and conditions of the mortgage. There may be clauses that would allow the lender to foreclose your home besides a default in the monthly payments.

Legal Disclaimer:

The answer above should not be relied upon as legal advice. The information provided above is based on insufficient facts and only speaks to a general opinion based on those insufficient facts. No warranty is provided that the answer is correct. No attorney-client relationship has been formed with me until a signed written contract is complete. For an official opinion, it is advised you seek legal counsel.