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How does a home become a "foreclosure?"

A home becomes a foreclosure property when a property owner goes 3 months without making a payment to the lender. At this time, the lender is legally allowed to proceed with reclaiming the property, also known as the "foreclosure process." Once the property is reclaimed, it is technically considered to be a "foreclosure" and is included in the foreclosure list.

Are foreclosure listings public information?

A home becomes a foreclosure property when a property owner goes 3 months without making a payment to the lender. At this time, the lender is legally allowed to proceed with reclaiming the property, also known as the "foreclosure process." Once the property is reclaimed, it is technically considered to be a "foreclosure" and is included in the foreclosure list.

How does a home become a "foreclosure?"

A home becomes a foreclosure property when a property owner goes 3 months without making a payment to the lender. At this time, the lender is legally allowed to proceed with reclaiming the property, also known as the "foreclosure process." Once the property is reclaimed, it is technically considered to be a "foreclosure" and is included in the foreclosure list.

How difficult is it to buy a foreclosed home?

A home becomes a foreclosure property when a property owner goes 3 months without making a payment to the lender. At this time, the lender is legally allowed to proceed with reclaiming the property, also known as the "foreclosure process." Once the property is reclaimed, it is technically considered to be a "foreclosure" and is included in the foreclosure list.

Top Cities

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  • Lewes foreclosures
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  • Denver foreclosures
  • Madison foreclosures
  • Pensacola foreclosures
  • Bend foreclosures
  • Revere foreclosures

Top Cities

Last Update: 08/08/13 1:17

Preforeclosures: 416,146

Short Sales: 44,606

Sheriff Sales: 57,970

Foreclosures: 219,990

Bankruptcies: 387,040

Rent to Own: 2,991

Auctions: 4,893

Tax Liens: 1,714,884

Total Listings: 2,845,836









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