Understanding foreclosure and your options for avoiding it could potentially protect you from losing your home. Some or all of the mortgage lenders featured on our site are advertising partners of ...

What is a foreclosure? When a homeowner doesn't pay their mortgage for an extended period of time, a lender will take possession of the home—which means the current owner must move out. Foreclosure is ...

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 ...

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 ...

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.