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

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

   Preforeclosure is the first step in the foreclosure process, and it usually begins when a homeowner is 90 days past due on their mortgage. When you’ve missed three mortgage payments, the loan ...

3. Repossession - Wikipedia

   en.wikipedia.org/wiki/Repossession

   Repossession. Repossession, colloquially repo, is a "self-help" type of action in which the party having right of ownership of a property takes the property in question back from the party having right of possession without invoking court proceedings. The property may then be sold by either the financial institution or third party sellers.

4. Real estate owned - Wikipedia

   en.wikipedia.org/wiki/Real_estate_owned

   Real estate owned. Real estate owned, or REO, is a term used in the United States to describe a class of property owned by a lender —typically a bank, government agency, or government loan insurer—after an unsuccessful sale at a foreclosure auction. [1] A foreclosing beneficiary will typically set the opening bid at such an auction for at ...

5. Foreclosure investment - Wikipedia

   en.wikipedia.org/wiki/Foreclosure_investment

   Foreclosure investment. Foreclosure investment refers to the process of investing capital in the public sale of a mortgaged property following foreclosure of the loan secured by that property. In real estate, foreclosure is the termination of the equity of redemption of a mortgagor or the grantee in the property covered by the mortgage.

6. It looks like Graceland won't be auctioned off. But how did ...

   www.aol.com/looks-graceland-wont-auctioned-off...

   Why was a foreclosure sale possible for Graceland? Public notice for the foreclosure sale of the property was posted earlier this month. The notice alleged that Promenade Trust, which controls the ...

7. What is a deficiency judgment? - AOL

   www.aol.com/finance/deficiency-judgment...

   The foreclosure sale proceeds total $190,000, leaving a deficiency of $10,000. The lender spent $40,000 on the foreclosure process. It decides to file for a deficiency judgment for the deficiency ...