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 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..
• LOCAL FAMILIES ARE FACING FORECLOSURE..
• OPENING SOON? OWNER OF HILLMOOR FACES FORECLOSURE..
• 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..