Christy Bieber is a full-time personal finance and legal writer with more than a decade of experience. She has a JD from UCLA as well as a degree in English, Media and Communications with a ...

Discover how many mortgage payments you can miss before foreclosure starts and learn about lender exceptions and housing ...

Preforeclosure begins when a homeowner has missed several monthly mortgage payments (often three consecutive payments in a row). Preforeclosure indicates that the lender is legally pursuing ...

If you’re falling behind on mortgage payments — or thinking about buying a distressed property — you may be wondering: What does pre-foreclosure mean? Simply put, pre-foreclosure is the early warning ...

Buying a foreclosed home can be a good way to score a deal while hunting for real estate. A foreclosure is a house whose owners were unable to pay the mortgage or sell the property. As a result, the ...

A foreclosure occurs when a lender takes control over a property from a borrower who has failed to make timely payments. A foreclosure can damage your credit score and result in the loss of your home.

Explore the foreclosure crisis of 2007-2010, identifying its causes and effects on the U.S. housing market and the solutions that resolved it.

Foreclosure happens when the lender takes control of a property after a borrower misses multiple mortgage payments, defaulting on the loan. The foreclosure process can take up to several years, and if ...