Foreclosure is a legal process that a lending institution or mortgage company obtains ownership of your home, in other words, a repossession of the property.
The baby boomers are coming of age and many are finding themselves in situations where they are taking care of their elderly parents. It can be difficult to decide parents are in need of assistance with their homes.
You may be looking at selling your parents house. If so, you may need to rely on your power of attorney to sell the property. If you are using this authority, you need to make sure it’s correct.