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. 

• FORECLOSURE TOTALS DROP FOR MONTH, STILL HIGH..
• FORECLOSURE WORKSHOP OCT. 18 AT REVERE HIGH..
• HOMESAVERPROGRAM.ORG LOAN MODIFICATION SAVES DESPERATE COUPLE FROM LOSING T..
• PALM BEACH COMMERCIAL CONDO SET FOR FORECLOSURE SALE..
• FLORIDA REACHES AGREEMENT WITH COUNTRYWIDE FOR FORECLOSURE RELIEF..
• FANNIE MAE WITHDRAWS FORECLOSURE FOR 90-YEAR-OLD OHIO WOMAN WHO SHOT HERSEL..
• FORECLOSURE LISTINGS RISE, POOR ECONOMY HURTING VALLEY..
• IN PHILLY, A MEETING BEFORE FORECLOSURE..
• KALO LOSES BUILDING TO FORECLOSURE..
• EXPERT HELP NEEDED IN FORECLOSURE CASES, JUDGE ADVISES..
• JUDGE REJECTS BID TO LINK ENSENBERGER FORECLOSURE WITH CIVIL SUIT..
• BAILOUT EXPECTED TO DO LITTLE TO RESOLVE FORECLOSURE CRISIS..
• Q WILL THE BAILOUT HELP HOMEOWNERS FACING FORECLOSURE?..
• VOTERS IN FORECLOSURE SHOULD ACT SOON..
• BAILOUT BILL MAY HELP HOMEOWNERS AT RISK OF FORECLOSURE..
• MAESTAS SHARES FORECLOSURE EXPERIENCE, DESIRE TO HELP..
• SOME STATES STEP IN WITH FORECLOSURE RESCUE LOANS..
• LONGVIEW NONPROFIT NETS DONATION TO HELP HOMEOWNERS FACING FORECLOSURE..
• COURT OKS FORECLOSURE AGAINST EX-SCHOOL..
• BAILOUT OFFERS LITTLE HOPE TO THOUSANDS FACING FORECLOSURE..
• FORECLOSURE VICTIM, 90, APPARENTLY SHOOTS SELF..
• SECURITY SAVINGS BANK ANNOUNCES FORECLOSURE INVESTMENT SEMINAR..
• AS FORECLOSURE RATE CLIMBS, FREE SEMINAR COULD HELP..
• FORECLOSURE AUCTIONS TRACKING UP IN AREA COMMUNITIES..
• CHURCH FACING FORECLOSURE..
• CROOKED FORECLOSURE RESCUE SPECIALIST GETS 10 YEARS IN PRISON..
• FEDERAL FORECLOSURE AID DISAPPOINTS MAYOR..
• FORECLOSURE LEADS TO VOTING CONFUSION..
• DEM GOV. CANDIDATE TO FORCE LENDERS, BORROWER INTO FORECLOSURE MEDIATION..
• FEDERAL RESERVE CREATES FORECLOSURE WEB SITE..
• JUDGE HANDS 10-YEAR SENTENCE FOR FORECLOSURE SCAM..
• SUIT FIRM PREYS ON HOMEOWNERS FACING FORECLOSURE..
• FORECLOSURE HELP FEATURED ATTRACTION AT FAIR..
• KEEPING UP AND DOWN WITH MIAMI FORECLOSURE REAL ESTATE..
• THREE BEARS RESORT VILLA OWNERS FACE FORECLOSURE..
• HOMEOWNERS FACING FORECLOSURE ASK WHERE IS OUR BAILOUT?..
• NEW LAW PROTECTS HOMEOWNERS FROM FORECLOSURE FRAUD..
• FORECLOSURE ASSISTANCE TEMPTS KEY CAUCUSES..
• LAWS AIMED AT FORECLOSURE PROTECTION, FAST DRIVERS TAKE EFFECT WEDNESDAY..
• ARE YOU FACING FORECLOSURE?..
• FACING FORECLOSURE?..
• FUNDS TO HELP DURING FORECLOSURE CRISIS..
• MICHIGAN OFFICIALS FORECLOSURE CANT STOP VOTES..
• HOPE REMAINS TO AVOID FORECLOSURE..
• URBAN LEAGUE OFFERS FORECLOSURE COUNSELING..
• CONGRESSMAN SAYS FEDERAL FORECLOSURE AID PACKAGE TREATS MERCED COUNTY UNFAI..
• LOCALS LEARN HOW TO AVOID FORECLOSURE AT WORKSHOP..
• CITY RENTERS HIT BY FORECLOSURE TO GET WARNINGS..
• FEDERAL HOME LOAN BANK OF CINCINNATI AWARDS GRANTS FOR HOME OWNERSHIP, FORE..
• FORECLOSURE VOLUME PROMPTS MANATEE TO GO WITH REALAUCTION.COM..