What is the difference between a real estate dispute and a foreclosure?

The main difference between a real estate dispute and a foreclosure is that a real estate dispute involves two or more parties disagreeing over some aspect of a real estate transaction, while a foreclosure is an action taken by a lender to sell or take back a property when the borrower fails to make payments on the loan. In a real estate dispute, the parties will typically settle their differences in civil court. The court may mediate the dispute in order to avoid costly litigation. The court may also award damages if one party is found to have breached the agreement. The parties may also come to an amicable, out-of-court settlement. Foreclosure, on the other hand, is a process initiated by creditors to recover unpaid debt. When a borrower fails to make payments on a loan, the lender may begin the foreclosure process. This process typically involves a court ruling in favor of the lender, after which the lender may repossess the property and put it up for sale in order to recoup its losses. In summary, real estate disputes involve two or more parties disagreeing over some aspect of a real estate transaction, while foreclosures are initiated by lenders to recover unpaid debt when a borrower fails to make payments on a loan.

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What is the difference between a real estate dispute and a foreclosure?

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