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2. What is a foreclosure? How it works and how to avoid it - AOL

   www.aol.com/finance/foreclosure-works-avoid...

   A foreclosure occurs when a lender takes control over a property from a borrower for failing to make timely payments. A foreclosure can damage your credit score and result in loss of property. As ...

3. Preforeclosure: What it is and how it works - AOL

   www.aol.com/finance/preforeclosure-works...

   A foreclosed home is sold “as is,” so if it needs repairs, you will need to do them. It may take longer to close and finalize a foreclosed home purchase. There is the possibility of the sale ...

4. What is a deed in lieu of foreclosure? - AOL

   www.aol.com/finance/deed-lieu-foreclosure...

   So, a deed in lieu of foreclosure is the legal process in which the title of a home (the deed) is transferred from the homeowner to their mortgage lender to prevent (in lieu of) foreclosure. If ...

5. Deed in lieu of foreclosure - Wikipedia

   en.wikipedia.org/wiki/Deed_in_lieu_of_foreclosure

   Deed in lieu of foreclosure. A deed in lieu of foreclosure is a deed instrument in which a mortgagor (i.e. the borrower) conveys all interest in a real property to the mortgagee (i.e. the lender) to satisfy a loan that is in default and avoid foreclosure proceedings. The deed in lieu of foreclosure offers several advantages to both the borrower ...

6. Equity stripping - Wikipedia

   en.wikipedia.org/wiki/Equity_stripping

   Equity stripping, also known as equity skimming, is a type of foreclosure rescue scheme. Often considered a form of predatory lending, equity stripping became increasingly widespread in the early 2000s. In an equity stripping scheme an investor buys the property from a homeowner facing foreclosure and agrees to lease the home to the homeowner ...

7. Tom Dart - Wikipedia

   en.wikipedia.org/wiki/Tom_Dart

   The Illinois Bankers Association was critical of Dart, accusing him of "ignoring his legal responsibilities" and of engaging in "vigilantism". Dart claims he is enforcing an Illinois state law which requires the banks to determine whether the persons resident at an address are actually the persons to whom the foreclosure notice should be served ...