Handling a Foreclosure

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Can the Lender Foreclose on My House If I’m Current on My Payments?
If you breach (break) important provisions in your mortgage agreement, like failing to pay your property taxes, you might face a foreclosure. ... READ MORE

What Happens If You Default on a Second Mortgage?
If you can't make your second mortgage payments, the lender might foreclose or sue you. ... READ MORE

Understanding the Foreclosure Trustee’s Role: A Homeowner’s Guide
In some states, nonjudicial foreclosures are handled by a foreclosure trustee. ... READ MORE

The Difference Between Repossession and Foreclosure
Repossession is a different legal process than foreclosure. ... READ MORE

What Happens to Judgment Liens During Foreclosure?
A foreclosure eliminates judgment liens that were recorded after the mortgage. ... READ MORE

What Is Lien Priority?
When a home has more than one lien, priority determines the lienholders’ rights after a foreclosure sale. ... READ MORE

When Should I Hire a Foreclosure Attorney?
If you're facing a foreclosure and want to keep your house, it's best to hire an attorney as soon as possible. ... READ MORE

Will I Lose My Home if I Don’t Pay the Property Taxes?
Can I lose my house if I don't pay taxes? Find out here. ... READ MORE

What Is Loss Mitigation?
Learn the meaning of “loss mitigation” in the mortgage industry. ... READ MORE

What Does It Mean to Transfer Servicing of a Loan?
Learn what happens when your lender transfers your loan to a new servicer. ... READ MORE

 

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