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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. Kentucky woman chooses to file for bankruptcy to save home ...

    www.aol.com/finance/kentucky-woman-chooses-file...

    Nearly 360,000 foreclosure filings were reported last year — up 10% from 2022.

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

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

    Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us. ... For example, in Alabama, borrowers have the right for up to one year after foreclosure, while ...

  5. Foreclosure - Wikipedia

    en.wikipedia.org/wiki/Foreclosure

    Software. v. t. e. 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]

  6. Strict foreclosure - Wikipedia

    en.wikipedia.org/wiki/Strict_foreclosure

    Strict foreclosure in the law of security interests in the United States, is the foreclosure of personal property that is subject to such an interest. This is permitted under Article 9 of the Uniform Commercial Code. [1] The secured party in a strict foreclosure takes physical possession of collateral, and the debt for which the property served ...

  7. Foreclosure rescue scheme - Wikipedia

    en.wikipedia.org/wiki/Foreclosure_rescue_scheme

    Foreclosure rescue scheme. A foreclosure rescue scheme is a scam that targets those whose house is facing potential foreclosure. The scheme preys on desperate homeowners whose mortgages are in default by offering to prevent the foreclosure. [1] [2] There are various ways in which foreclosure rescue schemes work, causing different types of harm ...

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