The legal process by which an owner's right to a property is terminated, usually due to default. Typically involves a forced sale of the property at public auction, with the proceeds being applied to the mortgage debt.
Related information about foreclosure:
- Foreclosure - Wikipedia, the free encyclopedia
Foreclosure is a specific legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the ...
- Avoiding Foreclosure/U.S. Department of Housing and Urban - HUD
The Obama Administration has implemented a number of programs to assist homeowners who are at risk of foreclosure and otherwise struggling with their ...
- Foreclosure Real Estate Listings | RealtyTrac
The Foreclosure Authority. RealtyTrac publishes the largest database of foreclosure, auction and bank-owned homes in the country for investors and ...
- Foreclosure.com | Foreclosures | Foreclosure Listings
Foreclosure listings from Foreclosure.com. We also provide pre-foreclosures, for sale by owner, bankruptcy homes and properties. We update our database ...
- Foreclosures - Looking For Foreclosure Listings? | AOL Real Estate
Foreclosures have certain risks and benefits. Research foreclosed homes and foreclosure listings by state to locate the best foreclosure deals in your area.
- What is a Foreclosure?
All about foreclosures, the risks and the profits. What is a foreclosure? How foreclosure work. Whether you're an investor or first-time home buyer, foreclosures ...
- The Foreclosure Process: Understanding How Foreclosures Work
The following is a generalized breakdown of the foreclosure process, a look at the stages of foreclosure, auctions, and tips for bidding on them.
- Foreclosure Resources | USA.gov
Oct 17, 2012 ... If you miss your mortgage payments, you may lose your home through foreclosure. Your lender can use foreclosure as a legal means to ...