Search results for
Foreclosure: Definition, Process, Downside, and Ways To Avoid
Foreclosure is the legal process by which a lender seizes and sells a home or property after a borrower is unable to meet their repayment obligation.
What Are Your Legal Rights in a Foreclosure?
If you're facing foreclosure—and losing your home—it's important to understand the legal protections you may have in your mortgage and in state law.
Deed in Lieu of Foreclosure Definition
Deed in lieu of foreclosure is an action by a mortgagor by which they deed the collateral property back to the lender to avoid foreclosure.
How to Stop Foreclosure on a Reverse Mortgage
While you are not required to make monthly payments on a reverse mortgage, there are other requirements that could result in foreclosure if not met.
Saving Your Home From Foreclosure
Learn the tactics you can use to prevent your home from being repossessed.
Can Getting a Reverse Mortgage Stop a Foreclosure?
Getting a reverse mortgage could stop a foreclosure, but it may not be the best option to protect your finances.
How Many Mortgage Payments Can I Miss Pre-Foreclosure?
In general you can miss four mortgage payments before your lender will start the foreclosure process, but that can vary by lender and housing market.
The 6 Phases of Foreclosure
Learn and understand the six phases of foreclosure.
Voluntary Foreclosure Definition
A voluntary foreclosure is a foreclosure is brought by a borrower, rather than the lender, in an attempt to avoid further payments.
Foreclosure Action Definition
Foreclosure action is the legal proceedings initiated by a lender in the case of mortgage default.