Learn About Mortgage Loan Foreclosure

A foreclosure is a legal process in which a mortgage company or lien holder takes possession of a property due to default. If you purchase property and secure financing through a mortgage company, you sign documents agreeing to repay the home loan over a certain number of years. Although you're the owner of the property, the mortgage company holds the note until you pay off the balance.

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Most Read Foreclosure Articles

6 Options When You Can’t Afford Your Mortgage Anymore

What to do when you are about to become homeless.

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How to Help a Relative Who Can’t Afford His Mortgage

Providing financial assistance certainly helps, but it's not the only option.

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6 of the Coolest Mortgage Calculators

Find the mortgage calculator that's right for your financial situation. We offer six options.

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Former Homeowners Are Still Haunted by Their Undead Zombie Foreclosures

These properties are stalking their owners and hungry for cash.

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How to Buy a Foreclosed Home in 5 Steps

An easy guide to foreclosed homes.

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Short Sale Vs. Foreclosure: Which Is Best When You Can’t Pay the Mortgage?

So you can't afford your mortgage. Now what do you do?

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What Does it Mean to Default on a Mortgage Loan?

Defaulting on a mortgage loan occurs when a homeowner fails to make payments in full and on time. There are serious repercussions to defaul...

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Q&A: Should I Use All My Savings Account Money to Buy a House?

Jumping on the home-buying wagon may not be the right choice for you.

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