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What types of foreclosure are there?


Judicial foreclosure action is a proceeding in which a mortgagee, a trustee or another lienholder on property requests a court-supervised sale of the property to cover the unpaid balance of a delinquent debt.
Nonjudicial foreclosure is the process of selling real property under a power of sale in a mortgage or deed of trust that is in default. In such a foreclosure, however, the lender is unable to obtain a deficiency judgment, which makes some title insurance companies reluctant to issue a policy.

Tips and Questions

Can I get a HUD home for as little as $100 down?

How does a home go into foreclosure?

Are foreclosures an option?

What are problems buying foreclosures?

What happens at a trustee sale?

How do you get financing for a foreclosure?

How do you find government-repossessed homes?

Where do I learn about HUD foreclosures?

Where can you find foreclosures?

Where can you find foreclosed HUD homes?

Do you have to buy HUD homes through a realty agent?

What about buying a foreclosure "as is"?

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