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today iamp;#39;m going to share with you the foreclosure process from start to end along with some tips thatamp;#39;s going to save you time and money and weamp;#39;re starting right now my name is chris goff and welcome to another video if this is your first time here and you want to learn how to start or grow your real estate investing business start now by subscribing and clicking the bell so you donamp;#39;t miss out on anything so what is a foreclosure well the definition is itamp;#39;s a legal process by which a borrower in default under a mortgage is deprived of his or her interest in the mortgage property this usually involves a for sale of the property at public auction with the proceeds being applied to the mortgage debt essentially what iamp;#39;m saying is that the homeowner has failed to make their monthly payments now letamp;#39;s look at the types of foreclosures the very first one is a judicial so a court will grant the foreclosure based on a hearing next is a no