Foreclosure

fore·clo·sure Audio Help (fôr-klō'zhər, fōr-)
noun The act of foreclosing, particularly when a legal proceeding by which a mortgage is foreclosed.

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Foreclose

fore·close (fôr-klōz', fōr-)
verb fore·closed, fore·clos·ing, fore·clos·es

To deprive (a mortgagor) of the right to redeem a mortgaged property, for example when payments have not been made. To bar an equity or a right to redeem (a mortgage).

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Foreclosed Homes are available in every state in the nation. Invest in foreclosed homes. Get help preventing your home from going into foreclosure. Sell your home before foreclosure.

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Foreclosures News Headlines

The Dark Side of Home Subsidies

Fannie Mae and Freddie Mac owned more than 131,000 properties between them at the end of 2009, according to annual filings.

Program Will Pay Homeowners to Sell at a Loss

The Obama administration will offer homeowners $1,500 to sell for less than the mortgage balance.

Old-Fashioned Bulwark in a Tide of Foreclosures

A city agency and nonprofit groups build or rehabilitate moderate-income housing, then scrutinize buyers’ credit. And they avoid the national foreclosure crisis.

An Agent of Evictions, Surprised by the Humanity She Sees

Susan J. Parker is a process server, and while she has seen some people at their worst, she has also seen good manners and even relief.

Recovery? Yes, a Little

Slowly, signs of confidence are returning to the region’s housing market. But there are at least three significant bumps on the road to recovery.

As Foreclosures Continue ...

President Obama’s plan to prevent foreclosures in five states hard hit by the housing bust must be carried out quickly and should set the pace for a national program.

Another Foreclosure Alternative

With short sales beyond the reach of some homeowners, another foreclosure alternative is emerging: “deeds in lieu of foreclosure.”

U.S. Weighs Requiring Lenders to Consider Changes Before Foreclosures

The proposal would differ from the current practice, which strongly encourages lenders to evaluate defaulting borrowers for a modification but does not make it mandatory.

Hedge Fund Moves on Stuyvesant Town and Peter Cooper Village

Appaloosa Management is challenging the company overseeing the complexes on behalf of lenders, saying the company’s actions could cost debt holders hundreds of millions of dollars.

Fewer People Late Paying Mortgage

Mortgage Bankers called the fourth quarter a crucial turning point for housing. Still, the percentage of loans in foreclosure rose.

City’s Affordable Housing Program Faces Trouble Finding Buyers

Falling prices for market-rate units have left city-subsidized ones looking like less of a deal.

A Sight All Too Familiar in Poor Neighborhoods

Low-income black women in Milwaukee are more vulnerable than men to being evicted, research shows.

Worry at Stuyvesant Town as Foreclosure Draws Near

Some of the 25,000 residents have raised concerns that the turmoil over the process could cause services and maintenance to deteriorate.

The Year in Foreclosures

To stem foreclosures, banks must be compelled to get on board with a Treasury plan to get second-mortgage owners to write down their debt once the first mortgage is modified.

U.S. Housing Aid Winds Down, and Cities Worry

An Indiana city symbolizes failed efforts to turn around the housing slump at the heart of the credit crisis.