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. 

• INSIDE THE REAL ESTATE FORECLOSURE MARKET..
• AFFORDABLE HOUSING RISES OUT OF FORECLOSURE CRISIS..
• FORECLOSURE AID HEADING TO METRO DETROIT..
• REACHING OUT TO FORECLOSURE VICTIMS..
• FORECLOSURE AUCTION MAY LEAVE FAMILY OUT ON THE STREET..
• HOPE FOR HOMEOWNERS FORECLOSURE PROGRAM FALLS FLAT..
• FORECLOSURE ASSISTANCE SEMINAR OFFERED TODAY IN NAPLES..
• DESTINY NIGHTCLUB CHANGING HANDS, AVOIDS LIQUOR LICENSE FORECLOSURE..
• FORECLOSURE-PREVENTION WORKSHOP ON MONDAY..
• MOLD FORCES HOME FORECLOSURE..
• ARENA FORECLOSURE AUCTION CANCELED FOR 2ND TIME..
• APPRAISERS FORECLOSURE SALES SHOULD AFFECT TAXABLE VALUE FORMULA..
• NEB. FORECLOSURE RATE AMONG THE NATIONS LOWEST..
• NEW N.Y. LAW REDUCES FORECLOSURE FILINGS..
• NJ FORECLOSURE RATE AMONG HIGHEST IN COUNTRY..
• FORECLOSURE COUNSELING SERVICES SEE SPIKE..
• FDIC PROPOSES TO MODIFY 2.2M MORTGAGES TO FIGHT FORECLOSURE..
• FORECLOSURE RATES UP 25% YEAR-OVER-YEAR..
• FORECLOSURE PREVENTION PROGRAM TOPS MIAMI CITY AGENDA..
• HOME BUILDERS FALL ON DOWNGRADES, FORECLOSURE DATA..
• PA.€™S OCTOBER FORECLOSURE-FILING RATE DOWN, N.J.€™S INCREASES..
• FORECLOSURE RATES UP 25 PERCENT YEAR-OVER-YEAR..
• U.S. FORECLOSURE FILINGS ROSE AS HOME PRICES FELL..
• 85,000 HOMES LOST TO FORECLOSURE IN OCTOBER..
• FORECLOSURE ACTION FILED ON RENAISSANCE FAIRE PROPERTY..
• WATERFRONT TO FIGHT FORECLOSURE..
• FORECLOSURE WORKSHOPS PICKING UP..
• WILL ARENA FORECLOSURE SALE GO FORWARD?..
• CONTACT 13 RECOVERING FROM A FORECLOSURE..
• FEDERAL HELP FOR HOMEOWNERS TO AVOID FORECLOSURE..
• WYOMING AMONG NATIONS LOWEST FORECLOSURE RATES..
• FORECLOSURE RELIEF DOLLARS ON THE WAY..
• BONDHOLDERS WEIGH PUTTING OFF FORECLOSURE ON RENAISSANCE..
• NORTH MIAMI MAYORS HOME GOES INTO FORECLOSURE..
• PASTOR PROMISES TO FIGHT FORECLOSURE..
• N. MIAMI MAYOR CALLS FOR FORECLOSURE DIVERSION PROGRAM..
• GRAND RAPIDS REALTORS 63% OF HOMES ON MARKET IN FORECLOSURE..
• A NEW START AS TENANTS, UNTIL FORECLOSURE CALLS..
• LENDERS SENDING DRAMATICALLY FEWER FORECLOSURE NOTICES..
• RENTERS HOUSE IN FORECLOSURE, SO WHERE WILL THEY LIVE NOW?..
• EASTON CHURCH FACES FORECLOSURE..
• WORKSHOP TACKLES FORECLOSURE..
• RENAISSANCE BONDHOLDERS FACE FORECLOSURE..
• FORECLOSURE RELIEF FOR MARYLANDERS..
• FAMILY UNSUCCESSFULLY FIGHTS FORECLOSURE..
• HORIZON AT WILDWOOD GOING INTO FORECLOSURE..
• BANK FILES FORECLOSURE ON WAIKIKI W HOTEL..
• LOCALITIES FIRMING UP FORECLOSURE AID PLANS..
• PRIVACY CONCERNS ATTRIBUTED TO NO-SHOWS AT HOUSING FORECLOSURE EVENT..
• HELP FOR PEOPLE IN FORECLOSURE..