How Foreclosure Works
How Foreclosure Works
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Get an overview of how mortgages work, steps in a foreclosure, and what happens after a foreclosure.
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How Does a Foreclosure Sale Work?
A home in the final stage of foreclosure is sold to a new owner at a sheriff's sale or trustee’s sale.
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Learn how judicial foreclosures work, steps in a typical judicial foreclosure, states that use the judicial foreclosure process, and more.
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What Is Nonjudicial Foreclosure?
Learn how a nonjudicial foreclosure works, what states use the nonjudicial foreclosure process, and more.
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Find out whether your state allows homeowners to redeem the property (buy it back) after foreclosure.
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The first in time, first in right rule establishes the priorities of liens recorded against your home, which dictates who gets paid in the event of a foreclosure.
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What Are Mortgage Discount Points?
Find out if it’s worthwhile to buy mortgage discount points.
The Foreclosure Process
The Foreclosure Process
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How To Respond To a Foreclosure Summons
Learn the basic steps to take when responding to a foreclosure lawsuit.
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The Order of Events When You Stop Making Mortgage Payments
Find out what happens if you stop making your mortgage payments.
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Find out whether your state allows homeowners to redeem the property (buy it back) after foreclosure.
Tax and Foreclosures
Tax and Foreclosures
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Can I Lose My Home Because of Unpaid Property Taxes?
If you stop paying property taxes, a sale of your property might follow.
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Will Your Short Sale Have Tax Consequences?
Find out whether you might owe federal income taxes after successfully completing a short sale.
Unique Situations and Foreclosure
Unique Situations and Foreclosure
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Dealing with Foreclosure During Divorce
Who is responsible for the mortgage? Who, if anyone, will keep the home?
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Foreclosure of Mobile Homes and Manufactured Homes
The process a lender uses when a borrower defaults on a manufactured home loan depends on whether the home is considered personal or real property.
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What Happens if You Default on a Second Mortgage?
Depending on the value of your home, defaulting on a second mortgage might not necessarily mean you'll lose your home to foreclosure.
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Enforcement of Non-Mortgage Liens
Read a detailed description of non-mortgage liens and find out how such liens are enforced.
Deed in Lieu of Foreclosure
Deed in Lieu of Foreclosure
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Deed in Lieu of Foreclosure vs. Short Sale
Trying to decide whether to pursue a deed in lieu of foreclosure or a short sale? Read this article.
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Deed in Lieu of Foreclosure Process and Information
One way to avoid a foreclosure is by completing a deed in lieu of foreclosure.
Questions About Foreclosure
Questions About Foreclosure
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Can a Reverse Mortgage Be Foreclosed On?
Before you take out a reverse mortgage, learn the risks. Under certain circumstances, you could face a foreclosure.
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Can I Get Foreclosed on If I Don't Pay My HOA Dues?
Find out what will happen to your mortgage and your home if you stop paying your homeowners' association dues.
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How Are Deficiency Judgments Collected?
Your lender sues you for a deficiency and wins, but you can't afford to pay. Now what?
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Will Your Short Sale Have Tax Consequences?
Find out whether you might owe federal income taxes after successfully completing a short sale.
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What Happens if You Default on a Second Mortgage?
Depending on the value of your home, defaulting on a second mortgage might not necessarily mean you'll lose your home to foreclosure.