Even if your property is in pre-foreclosure -- or even in the early stages of foreclosure -- RealtyTrac can help.
We’ve put together a collection of articles to help you understand the foreclosure process, learn about foreclosure
laws by state, and information on how you may be able to prevent or stop foreclosure.
Housing affordability and your budget
. One of the best ways to prevent foreclosure is to make sure you are not buying more home than you can afford to
pay for every month. Establishing a monthly budget and staying within its boundaries is key to keeping that roof
over your head.
Foreclosure = The Repossession of Real Estate
. Foreclosure is a process that allows a lender to recover the amount owed on a defaulted loan by
selling or taking ownership (repossession) of the property securing the loan.
Loan Modification Made Simple
. Learn how to Modify your Mortgage Loan with the book "Loan Modification Made Simple", offered through RealtyTrac.
Recent additions include a breakdown of President Obama’s Home Affordable Modification Program (HAMP).
Preventing Foreclosure. A home is one of the largest and most expensive purchases many people will make in their lifetimes. The best way to
protect it is to avoid the potential of the foreclosure process from the get-go to the greatest extent possible.
The New role of Government: Federal & State
. Find out how the government is pressing to stem the rising tide of foreclosures.
Foreclosure Laws & Timelines
. The foreclosure process varies somewhat from state to state, and depends primarily on whether the
state uses mortgages or deeds of trust for the purchase of real property.