When Do You Have to Leave Your Home When It's in Foreclosure?
In some instances, panicked homeowners leave their home after missing a few mortgage payments or once a foreclosure is initiated. However, you have the legal right to remain in your home until the foreclosure process is completed. This process can take a few months or, in some cases, as much as a year.
What’s a Default Judgment in a Foreclosure?
If you don’t respond to a foreclosure lawsuit, the lender will ask the court for a default judgment.
What Is Summary Judgment in a Foreclosure?
If you respond to a foreclosure lawsuit, but don’t bring up any valid issues, the foreclosing party will likely ask the court for summary judgment.
Federal law, state law, and your mortgage contract provide you with protections and rights in a foreclosure.
A foreclosure “trustee” is the party who typically handles a nonjudicial foreclosure.
Get tips on what to do—and what not do—if you’re facing a foreclosure.
The Statute of Limitations in Foreclosure Actions
If a lender starts a foreclosure against you after the statute of limitations has expired, you can raise this issue as a defense.
120-Day Foreclosure Prohibition: Breaches Other Than Non-Payment
The 120-day foreclosure restriction under federal law applies to both payment-related breaches and non-payment-related breaches of the mortgage contract.
What Does It Mean to “Default” on a Mortgage Loan?
The terms of the mortgage or deed of trust you signed when getting your home loan usually define what constitutes default.
If I'm Late on Mortgage Payments, What Fees Can the Lender Charge?
If you're behind on your mortgage payments, the loan servicer (on behalf of the lender) can charge various fees and costs. Learn about them.
How Do I Find Out Who Holds My Mortgage?
Here's how to find out who owns your mortgage and who services it.
Mortgage servicing companies handle borrowers' accounts. Find out if you can change your mortgage loan servicer.
MERS registers and tracks assignments of mortgages and servicing rights, avoiding the costs of having to record each loan transfer.
What Is Fannie Mae or Freddie Mac?
Fannie Mae and Freddie Mac are government-sponsored enterprises that buy mortgage loans from banks and other lenders.