Foreclosure

The legal process by which borrowers who cannot pay their mortgages may have their homes seized by a bank or other lender and sold, preferably for the amount owed. Foreclosure laws are based on state statutes.

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Mortgage Refinancing in a Recession

With mortgage rates near record lows and the economy mired in a serious recession, there has never been a better or more urgent time to refinance a home.

Dying with a Mortgage: What Happens to Your Home?

The simplest, most likely answer is that your heirs will be allowed to assume your loan and keep the home as long as they make the payments. But, as you'll see, nothing is simple in estate law.

Smart Moves for Buying a Foreclosure

Deals on foreclosures are still out there. But they're not as easy to find as they were a few years ago, and you still need to avoid all of the costly pitfalls that can turn any repossessed home into a burden, not a bargain.