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This Assignment reviews the foreclosure process. Henri and Lila have put

This Assignment reviews the foreclosure process. Henri and Lila have put in an offer on a $450,000 home only to find out that that the home is in foreclosure and going upfor auction in 2 weeks. The home in question is secured by amortgage and the state recognizes statutory redemptionrights. In a 23 page paper describe the foreclosure processand indicate at what stage of this process this house iscurrently in. Also describe the options available to the currentowner, the bank, and to Henri and Lila.Checklist:Describe the foreclosure process Indicate at what stage of the foreclosure processthis house is currently in Describe the options available to each of thefollowing:The current ownerThe bankThe clients (Henri and Lila) Your paper should be in APA format and cite all referencesused. Submit this Assignment to the Seminar Dropbox.ID: MT431-07-08-AS

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