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  2. Foreclosure - Wikipedia

    en.wikipedia.org/wiki/Foreclosure

    Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan. [1] [2]

  3. What is the right of redemption? How it works during foreclosure

    www.aol.com/finance/redemption-works-during...

    The right of redemption is a legal process that gives homeowners who have fallen behind on their mortgage payments the opportunity to keep their home by paying the money they owe, plus interest ...

  4. How to stop foreclosure - AOL

    www.aol.com/finance/stop-foreclosure-220538027.html

    7. Refinance with a hard money loan. You won’t like the high rates and fees of a hard money loan — one from a private lender, often an individual — but it might buy you some time to sell ...

  5. 2010 United States foreclosure crisis - Wikipedia

    en.wikipedia.org/wiki/2010_United_States...

    The 2010 United States foreclosure crisis, sometimes referred to as Foreclosure-gate or Foreclosuregate, [1] [2] refers to a widespread epidemic of improper foreclosures initiated by large banks and other lenders. The foreclosure crisis was extensively covered by news outlets beginning in October 2010, and several large banks—including Bank ...

  6. Missing mortgage payments: What happens, and how many can I ...

    www.aol.com/finance/missing-mortgage-payments...

    Foreclosure processes generally begin 3-6 months after the first missed payment, with late fees charged after 10-15 days. Federal law usually requires a homeowner to be more than 120 days overdue ...

  7. Penny auction (foreclosure) - Wikipedia

    en.wikipedia.org/wiki/Penny_auction_(foreclosure)

    e. A penny auction is a collective action taken during the auction of a foreclosed property to force the sale of the property at a low price, with the intent of then returning the property to its previous owner. The process—usually achieved with a combination of intimidation, threats, and physical force—effectively circumvents foreclosure ...

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