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Mortgage Professor about foreclosure: | |||||||||||||||||||||||
Mortgage Payment Problems: What If You Can't Pay?
April 21, 2003 "I lost my job and have been making my mortgage payment from savings. At some point, I will run out of savings. What should I do? Some variant of this letter is appearing in my mailbox with ... more... Options When Equity in Your Home Is Gone April 23, 1999 I have been transferred and need to sell my home. The market has gone down and I owe more than the home is worth. Is there any relief available to allow me to avoid paying the difference to the lender at the time ... more... |
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foreclosure related definitions |
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Foreclosure
Foreclosure 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. When the process is complete, it is typically said that "the lender has ... more... Delinquency Delinquency Failure to make payments on time. This can lead to foreclosure. First, a mortgage becomes delinquent, when the borrower stops making payments. Second, the delinquency is either reinstated (payments are resumed) or the lender forecloses. ... more... |
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More about foreclosure Foreclosure Are You A Victim Of A Predatory Mortgage Foreclosure? How To Buy a Home After Foreclosure Buy a House after Foreclosure - How to Get Approved How Foreclosures Can Be Stopped With Facts The 'Truth' About Real Estate Preforeclosure Profits So, You Wanna Buy Pre-Foreclosures? Mortgage Elimination- A Horrible and Sure Way to Lose Your Home to Foreclosure New Bankruptcy Law Makes it Harder to Stop Foreclosure Facing Foreclosure? Working Out an Alternative Payment Plan Can Save Your Home
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