"Hearst Magazines and Yahoo may earn commission or revenue on some items through these links." Buying a foreclosed home can be a great way to purchase a house at a discounted price, whether you’re ...

Discover how many mortgage payments you can miss before foreclosure starts and learn about lender exceptions and housing market influences on this process.

With home prices near all-time highs, many would-be buyers have been priced out of the market. For them and anyone else looking for a potential bargain, a foreclosed home could be the solution. For ...

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.

A lis pendens begins the foreclosure process, often after a homeowner is 90 days’ delinquent. The foreclosure process takes as long as 18 to 24 months in the region. Some homeowners may try to ...

Foreclosure happens when homeowners are no longer able to make their mortgage payments and the lender takes back ownership of the property. And while it’s a daunting, overwhelming prospect for ...

CHICAGO (WLS) -- Going through a foreclosure is difficult but imagine losing your home and still getting stuck with thousands of dollars in city fines attached to the property. Some people are turning ...