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. 

• RECORD 9 PERCENT OF HOMEOWNERS BEHIND OR IN FORECLOSURE PROCESS..
• LIFE AFTER FORECLOSURE TIPS TO HELP FORMER HOMEOWNERS GET ON WITH THEIR LIV..
• FORECLOSURE MORATORIUM ISSUED..
• FORECLOSURE MAY BECOME HEALTH PROBLEM..
• PROPOSED ORDINANCE TAKES AIM AT FORECLOSURE EYESORES..
• SURVIVING A FORECLOSURE CUSHIONED BY PLANNING..
• RECORD 9% OF MORTGAGES PAST DUE OR IN FORECLOSURE..
• REPRESENTATIVES TALK FRANKLY ABOUT FORECLOSURE LAW..
• LAWYER PLEADS GUILTY IN $35 MILLION FORECLOSURE FRAUD SCHEME..
• CONGRESSIONAL COMMITTEE TO REVIEW LOCAL FORECLOSURE CRISIS..
• FORECLOSURE PREVENTION WORKSHOP SATURDAY..
• NEW LEGAL CLINIC HELPS HOMEOWNERS FIGHTING FORECLOSURE..
• LATE PAYMENTS, FORECLOSURE RATES HIT RECORD..
• Q I HAVE RECEIVED A FORECLOSURE WARNING. DOES THAT MEAN I HAVE TO MOVE OUT?..
• 9% OF HOMEOWNERS ARE LATE WITH BILL OR IN FORECLOSURE, STUDY SAYS..
• RECORD 1.2 MILLION HOMES HIT BY FORECLOSURE..
• FORECLOSURE MORATORIUM DECLARED ON GUSTAV-IMPACTED PARISHES..
• FORECLOSURE PETS IN THE CROSSFIRE - HOW SHELTER PHILOSOPHIES AFFECT THEIR L..
• JUDGE AWARDS BANK $1.1 MILLION IN FORECLOSURE..
• LAWYER PLEADS GUILTY IN FORECLOSURE FRAUD SCHEME..
• SOME STRUGGLING HOMEOWNERS FIND WAY TO DODGE FORECLOSURE..
• LIFE AFTER FORECLOSURE..
• MANAGE DEBT, PROTECT SAVINGS..
• MASS. FORECLOSURE DEEDS UP FROM PREVIOUS JULY..
• MASS. FORECLOSURE DEEDS SURGE PAST 2007 LEVEL..
• FORECLOSURE RATES LEVELING, BUT STILL HIGH..
• MA FORECLOSURE DEEDS UP FROM PREVIOUS JULY..
• FORECLOSURE FILINGS LEVEL OFF IN WISCONSIN..
• FORECLOSURE LAWSUITS THREATEN TALBOTTS STATUS AS A BOCA LAND BARON..
• SACHS PLANNING WORKSHOP ON FORECLOSURE AID..
• LB WORKSHOP TEACHES FORECLOSURE RESOLUTION AND PREVENTION..
• 81 MORTGAGE CORP. HOMES IN FORECLOSURE..
• FORECLOSURE HELP COMING TO RESIDENTS IN CHEROKEE..
• LITTLE LIBERIA IN FORECLOSURE..
• FACES OF FORECLOSURE..
• FORECLOSURE CRISIS PUTS BITE ON RENTERS..
• Q.C. HOSTS FREE FORECLOSURE PREVENTION WORKSHOP..
• FORECLOSURE SHAME KEEPS HELP AT BAY..
• FORECLOSURE NOTICE COULD SPELL END TO DREAM OF A HERITAGE MUSEUM..
• HELP AVAILABLE FOR PALM BEACH COUNTY HOMEOWNERS FACING FORECLOSURE..
• CAN CHAPTER 13 SAVE A HOME FROM FORECLOSURE?..
• FORECLOSURE MAY MEAN EVICTION FOR TENANTS..
• FORECLOSURE RESOLUTION, PREVENTION SESSION SET IN LONG BEACH..
• FORECLOSURE GREEN LIEN PROGRAM TO KEEP LAWNS LUSH..
• WHEELING GROUP WORKS TO PREVENT FORECLOSURE..
• FACING FORECLOSURE? CENTER MAY HELP..
• HELP AVAILABLE FOR PBC HOMEOWNERS FACING FORECLOSURE..
• HOPE NOW PROGRAM HELPS VALLEY AVOID FORECLOSURE..
• SHOULD BIDEN SHARE BLAME FOR FORECLOSURE CRISIS?..
• DEPT. OF REVENUE BACKS FORECLOSURE ON NICK AND JOIE€™S..