Foreclosure Articles

Understanding Home Foreclosure
Foreclosure is the process by which a homeowners rights to a property are forfeited because of failure to pay the mortgage. If the owner cannot pay off the outstanding debt or sell it via short sale, the property then goes to a foreclosure auction. . If the property does not...

VA Loan Foreclosure and Short Sale
A VA foreclosure happens when a borrower is delinquent on their mortgage payments and their VA loan lender claims ownership of the home that they have financed. . When a VA loan lender forecloses on the borrower, the borrower must move out of the house and loses all...

How to Avoid Foreclosure
Learn how to avoid foreclosure and save your home or protect your credit rating with this article.. There are two ways to avoid a foreclosure:. 1. Make the outstanding payments.The first real decision you need to make is choosing an option, and it depends on the reason...

What Happens if I Miss a Mortgage Payment?
Worried you might miss a mortgage payment? Perhaps you are facing a temporary financial hardship or an unexpected event, such as a job loss or serious illness.. Contact your mortgage lender immediately to discuss your repayment options.. Whether you have already missed one...