Indiana: What is the difference between defaulting and foreclosure on a mortage?

[Paul H]

Curious as to the difference between defaulting and foreclosure on a mortage? What are the different things that could happen if you keep one house and need to get rid of another wheather it be defautling or foreclosure? What are both possible outcomes? ------

[Stevena]

Defaulting is not paying for your mortgage, foreclosure is the process by which the bank gains ownership of the property through the court system from someone who has defaulted.

[safexiaoyi]

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[safexiaoyi]

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