After Foreclosure
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Your Options After the Foreclosure Sale
If your home was recently sold in a foreclosure sale, but you haven’t yet moved out (or if you’re currently going through a foreclosure), you may want to know what happens next. Some homeowners quickly leave the home after the home is sold. However, depending on your circumstances and your state’s
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Right of Redemption After Foreclosure
When available, the right of redemption allows you to get your home back after a foreclosure.
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What Happens to Excess Proceeds From a Foreclosure Sale
If you go through a foreclosure and the lender sells the home for more than you owed on the mortgage loan, you might get to keep that money.
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Deficiency Judgments: Will You Still Owe Money After the Foreclosure?
If you lose your home to foreclosure, you still might owe money to your lender.
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How Do Mortgage Lenders Collect Deficiency Judgments?
Once a mortgage lender gets a deficiency judgment against you, it can then proceed to collect on that judgment.
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How to Avoid a Short Sale Deficiency Judgment
Learn how to avoid owing your mortgage lender money after a short sale of your home.
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Right of Redemption After Foreclosure
When available, the right of redemption allows you to get your home back after a foreclosure.
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Right of Redemption Before a Foreclosure Sale
Learn about the right of redemption.
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If you are a homeowner facing foreclosure, a short sale might sound like the perfect solution to avoid foreclosure.
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Canceled Mortgage Debt: What Happens at Tax Time?
Some taxpayers who've had mortgage debt forgiven can exclude the canceled amount from their income for federal tax purposes.
More About This Topic
More Legal Topics
- Alternatives to Foreclosure
- Delaying or Stopping Foreclosure
- Fighting Foreclosure in Court
- Foreclosure and Bankruptcy
- Foreclosure Lawyers & Other Foreclosure Help
- Foreclosure of Mobile and Manufactured Homes
- Foreclosure: The Basics
- Homeowners’ Associations (HOAs & COAs)
- Losing Your Home in a Tax Sale
- Reverse Mortgages
- State Foreclosure Laws
- Tenants and Foreclosure
- Timeshare Foreclosures
- Understanding Mortgages & The Major Players in a Foreclosure
- Alternatives to Foreclosure
- Delaying or Stopping Foreclosure
- Fighting Foreclosure in Court
- Foreclosure and Bankruptcy
- Foreclosure Lawyers & Other Foreclosure Help
- Foreclosure of Mobile and Manufactured Homes
- Foreclosure: The Basics
- Homeowners’ Associations (HOAs & COAs)
- Losing Your Home in a Tax Sale
- Reverse Mortgages
- State Foreclosure Laws
- Tenants and Foreclosure
- Timeshare Foreclosures
- Understanding Mortgages & The Major Players in a Foreclosure
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