The international monetary fund cut its growth forecast for the UK to 1.6 per cent this year from 1.7 per cent in October and is expected to grow by 1.5 per cent in 2018. The term bank foreclosure is a which might seem mysterious to many people individuals, in particular when they've never experienced one and/or are unfamiliar with real estate property terms. Bank foreclosures occur whenever a current homeowner can't pay their mortgage, is deemed to be default as well as the bank repossesses the home. There are certain things which all individuals ought to know about bank foreclosures in order to become more familiar with the term and prevent this from happening for them.