Foreclosure happens when the lender takes control of a property after a borrower misses multiple mortgage payments, defaulting on the loan. The foreclosure process can take up to several years, and if ...

Discover how tax lien foreclosure works, key differences from tax deed sales, and what happens if a property owner fails to ...

Christy Bieber is a full-time personal finance and legal writer with more than a decade of experience. She has a JD from UCLA as well as a degree in English, Media and Communications with a ...

If a borrower has defaulted on mortgage payments for a certain period, a property will enter preforeclosure. Preforeclosure is the crucial period when the borrower has missed sufficient payments to be ...

Foreclosure is back at the center of the U.S. housing story, as lenders step up efforts to reclaim properties from struggling ...

A deed in lieu of foreclosure allows you to avoid foreclosure by giving your lender the deed to your house. A deed in lieu can do less damage to your credit than a foreclosure but means you need to ...

A foreclosure occurs when a lender takes control over a property from a borrower who has failed to make timely payments. A foreclosure can damage your credit score and result in the loss of your home.