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What happens if the buyer defaults and foreclosure is necessary?

April 26, 2017buyer defaults foreclosure happens necessary

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What happens if the buyer defaults and foreclosure is necessary?

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Panhandle Escrow will first assist the seller in notifying the buyer of a default. The notice will inform the buyer of the amount necessary to bring the account current. If the account is still delinquent after the time allowed has past then we would advise the seller to seek an attorney or foreclosure agency to initiate foreclosure. We accommodate the seller by providing their attorney with account information.