If a mortgage or lien is in default, that is, if there is failure to pay, a bank or secured creditor has the right to Foreclosure because the borrower/lender agreement has been broken. During Foreclosure, the bank or creditor takes possession of a parcel of real property with the right to sell it in order to pay off the mortgage. The most important type of Foreclosure is by judicial sale. This usually involves a short trial followed by a sale of the mortgaged property, under the supervision of the court. A faster method is Foreclosure by power of sale, which is available in most states and does not involve court control. In both cases, the proceeds of the sale first go to pay the mortgage holder, then other lien holders, and lastly, the mortgagor. 

• BANKRUPTCY FILING DELAYS CITY SHOPS AND WALK FORECLOSURE..
• FORECLOSURE CASES SWAMP COURTHOUSE..
• HOUSE COMMITTEE TO HOLD FORECLOSURE HEARING IN STOCKTON..
• BUSINESS AS USUAL AT LISA KURTS GALLERY AS FORECLOSURE NOTICES RESOLVED..
• 2 MILLION TROUBLED BORROWERS AVOID FORECLOSURE..
• KEEPING HOME OUT OF FORECLOSURE ISNT LOST CAUSE..
• BANKRUPT CITY SHOPS SIDE-STEPS FORECLOSURE..
• LIPIZZAN STALLION RANCH HEADED TO FORECLOSURE..
• FORECLOSURE SURGE EQUALS OVERTIME FOR ST. LUCIE, INDIAN RIVER COUNTIES..
• COPING WITH FORECLOSURE HOW TO ENSURE FAMILY PETS RECEIVE CARE..
• MERCEDS FORECLOSURE CRISIS EXPLORED IN NEW YORK TIMES STORY; AS STORY BREAK..
• FORECLOSURE RESCUES DRIVE SURGE IN FRAUD..
• ILIKAI SALES CONTINUE DESPITE FORECLOSURE..
• FORECLOSURE DEALS SOUND TOO GOOD TO BE TRUE? THEY PROBABLY ARE..
• ON THE EVE OF FORECLOSURE, A MOTHER FINDS HELP IN THE SYSTEM..
• VA. COMPANY BENEFITS FROM CLEANING HOUSES IN FORECLOSURE..
• LEGAL AID RECEIVES $25,000 GRANT FOR FORECLOSURE PROGRAM..
• TOLLESON, LITCHFIELD PARK HAVE HIGHEST FORECLOSURE INCREASE..
• HOLLYWOOD HOST FINDS HOME BUYER, AVOIDS FORECLOSURE..
• FORECLOSURES ENTICE HOME BUYERS..
• ED MCMAHON AVOIDS FORECLOSURE ON HOME..
• FORECLOSURE PREVENTION WORKSHOP SCHEDULE..
• ROC-A-FELLA COFOUNDER DASH FACES FORECLOSURE..
• MORTGAGE INSURER TO HOST FORECLOSURE WORKSHOP..
• LAKESIDE TO HOST FORECLOSURE SESSION..
• MOOGY THE PIG LOSES TAMARAC HOME IN FORECLOSURE..
• ED MCMAHON FINDS HOME BUYER, AVOIDS FORECLOSURE..
• US SUBPRIME CRISIS ALL ABOARD THE FORECLOSURE BUS..
• HANNON ANNOUNCES PASSAGE OF BILL TO ADDRESS MORTGAGE FORECLOSURE CRISIS..
• DAME DASH FACING FORECLOSURE..
• DELAWARE MINNER SIGNS FORECLOSURE LAWS..
• MINNER OKS FORECLOSURE PREVENTION BILLS..
• PROSECUTOR WORTHYS HOME IN FORECLOSURE..
• FORECLOSURE LAWSUITS DOWN SLIGHTLY IN SUMMIT..
• WAYNE CO. PROSECUTORS HOME IN FORECLOSURE..
• MD. WORKS TO HELP THOSE FIGHTING FORECLOSURE..
• FIRE DESTROYS BRADENTON HOUSE IN FORECLOSURE..
• KYM WORTHYS HOME IS IN FORECLOSURE..
• DETROIT PROSECUTORS HOME IN FORECLOSURE..
• FORECLOSURE CONCERNS? CITY OFFERS SPECIAL PROGRAM..
• 2 LENDERS PLAN TO HOLD THEIR OWN FORECLOSURE SESSION..
• STINE FARM HEADED FOR FORECLOSURE SALE..
• MESA HOME IN FORECLOSURE DESTROYED AFTER FIRE..
• DAMON DASH - DASHS HOMES FACING FORECLOSURE..
• HIP-HOP MOGULS HOMES FACING FORECLOSURE?..
• FEDERAL FORECLOSURE-PURCHASE PROGRAM MAY FALL FLAT IN CALIFORNIA..
• HIP-HOP MOGUL DASH FACING FORECLOSURE..
• FORECLOSURE RATES STILL SOARING..
• MCCAUL TO HOST A HOME OWNERSHIP AND FORECLOSURE PREVENTION EVENT..
• FORECLOSURE SALE FOR 5 O€™CLOCK GRILL SITE DRAWS NO BIDDERS..