👉 Forecabin, also known as a "foreclosed property," refers to a pre-foreclosure situation in which a borrower has defaulted on their mortgage and is no longer able to pay back the loan. In this scenario, the borrower may have been evicted from their home or sold it at auction or foreclosure sale, leaving behind an unsecured debt that cannot be repaid by the lender. The term "foreclosed property" refers to any property that has been foreclosed upon, meaning it
