Articles, Information, and Resources on how to stop home foreclosure.
The legal process by which a borrower in default under a mortgage is deprived of his or her interest in the mortgaged property. This usually involves a forced sale of the property at public auction with the proceeds of the sale being applied to the mortgage debt.
Answers - Foreclosure
A homeowner is unable to make principal...
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Foreclosure - Wikipedia
A legal proceeding in which a bank or other...
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Useful Definitions and Info for Stop Mortgage Foreclosure:
Legal process by which a mortgagor of real property is deprived of his interest in that property due to failure to comply with terms and conditions of the mortgage.
A court action initiated by the mortgagee or a lien or for the purpose of having the court order the debtor's real estate sold to pay the mortgage or other lien (mechanic's lien or judgment).
The forced sale of property pledged as security for a debt that is in default.
The legal act by which the owner of a mortgage cuts off the rights or interest of the mortgagor in the mortgaged property.
A legal proceeding in which the default borrower is extinguished of all rights, title and interest on the underlying property.
a legal process in which mortgaged property is sold to pay the loan of the defaulting borrower.
A procedure by which the mortgagee (lender) either takes title to or forces the sale of the mortgagor's (borrower's) property in satisfaction of a debt.
A legal procedure in which the lender gets ownership of the property if the borrower defaults on the mortgage loan.
A legal process by which the lender or the seller forces a sale of a mortgaged property because the borrower has not met the terms of the mortgage. Also known as a repossession of property.
A legal term applied to any of the various methods of enforcing payment of the debt secured by a mortgage, or deed of trust, by taking and selling the mortgaged property, and depriving the mortgagor of possession.
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