Start here to find the foreclosure laws in your state, recommended books on foreclosure, foreclosure resources on the Internet, and explanations of important mortgage and foreclosure terms and legal concepts.
How to Find the Foreclosure Laws in Your State
Learn how to look up your state's foreclosure laws.
Do I Need a Foreclosure Attorney?
If you're facing foreclosure, hiring a lawyer might be a good idea.
What Does It Mean to “Default” on a Mortgage Loan?
Learn what it means to “default” on a mortgage loan and the consequences of a default.
What Does “Loss Mitigation” Mean?
“Loss mitigation” is what the mortgage-servicing industry calls the process where borrowers and their loan servicer work together to avoid a foreclosure.
What’s a Default Judgment in a Foreclosure?
If you don’t respond to a foreclosure lawsuit, the foreclosing party will ask the court for a default judgment.
What’s a Debt-to-Income (DTI) Ratio?
If you’re applying for a loan modification, your debt-to-income ratio is important.
What's "Cash for Keys" in a Foreclosure?
If you lose your home to a foreclosure sale, the new owner might offer you a lump-sum of money to voluntarily move out. This kind of transaction is called “cash for keys.”
What’s a Credit Bid in a Foreclosure?
At a foreclosure sale, the foreclosing lender usually makes a bid on the property using what’s called a “credit bid.”
What Is Reforeclosure?
A reforeclosure is sometimes necessary to eliminate title issues that were missed in the first foreclosure.
What Is Summary Judgment in a Foreclosure?
If you respond to a foreclosure lawsuit, but you don’t bring up any valid issues, the foreclosing party will likely ask the court for summary judgment.