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The foreclosure process varies by state, but entails the bank notifying the borrower of delinquency and preparing the foreclosed property to sell at auction. Depending on the state...

What Is the Foreclosure Process?
Foreclosure is the process of a bank or lender taking back into possession a property that they secured a mortgage against, using the home as collateral. Consider working out a mitigation plan to prevent foreclosure with help from a mortgage specialist... More »
Source: www.ehow.com



Process[edit]. The process of foreclosure can be rapid or lengthy and varies from state to state. Other options such as refinancing, ...

Foreclosure Process/U.S. Department of Housing and Urban ... - HUD


If you are worried about making your mortgage payments, then you should learn about your state's foreclosure laws and processes. Differences among states ...

What is a foreclosure and how does it happen? The debtor can make the loan current, including penalties and interest, work out arrangements with the creditor, or declare bankruptcy during this time, which is set by state law. In some circumstances, the creditor may ag... More »
By Jean Murray, About.com Guide

Foreclosure Process | Realtytrac


Foreclosure is a process that allows a lender to recover the amount owed on a defaulted loan by selling or taking ownership (repossession) of the property ...

Foreclosure Laws and Procedures By State | Realtytrac


The foreclosure process varies somewhat from state to state, and depends primarily on whether the state uses mortgages or deeds of trust for the purchase of ...

Understanding the Foreclosure Process - For Dummies


The foreclosure notice is the first step in a process that may take weeks or months to unfold. By understanding the foreclosure process, you can often gain more ...

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.

The Foreclosure Process - How Foreclosures Work | HowStuffWorks


The foreclosure process differs by state, but we can take a look at the general steps that are taken. If you're faced with foreclosure, it's important that you research ...

Popular Q&A
Q: What Is the Foreclosure Process in Virginia?
A: Foreclosure occurs when a lender repossesses a home or property when a borrower defaults on the mortgage payments. After the housing crisis of 2008, foreclosure... Read More »
Source: www.ehow.com
Q: What Is the Foreclosure Process in Wisconsin?
A: Foreclosure is a legal proceeding that is instigated by a mortgage lender when a borrower defaults on, or does not pay, a mortgage loan. Foreclosure terminates ... Read More »
Source: www.ehow.com
Q: What is the Florida foreclosure process.
A: Florida is a judicial state. This means that all foreclosures must use the court system for processing. Since banks differ and the courts are involved, the fore... Read More »
Source: www.answers.com
Q: How long is the foreclosure process.
A: The normal foreclosure process takes anywhere from 45-90 days.! The normal foreclosure process takes anywhere from 45-90.! Read More »
Source: www.chacha.com
Q: Who enters the foreclosure process?
A: Since February 2010, detailed information on every home mortgage default and foreclosure in New York State must be filed with the New York State Banking Departm... Read More »
Source: ideas.repec.org