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What is a foreclosure?

Foreclosure happens when the lender takes control of a property after a borrower misses multiple mortgage payments, defaulting on the loan. The foreclosure process can take up to several years, and if ...
CLEVELAND, Ohio — Embattled Millennia Companies has defaulted on a $35.4 million loan for The Centennial Building, a downtown ...
If you remember the turmoil of the global financial crisis, hearing that foreclosure activity is up might make your knees ...
The mall's value has diminished over the decades, but it remains a large taxpayer for the town of Clarkstown, school district ...
Homeowners who are unable to make their monthly mortgage payment face the risk of foreclosure. In rare cases, some of these owners take the drastic step to leave their home before being kicked out—and ...
CARSON, Calif. -- A Carson, California couple is facing foreclosure because of what's known as a "zombie loan." That term refers to a second mortgage that seemed to have been forgiven or written off - ...
US foreclosure filings rose to over 101,000 last quarter. Inflation, a slowing job market, and high costs of homeownership ...
One metro area in Florida has attracted attention as the leader of a particular housing category in the U.S. — but it’s no cause for cheer. The state’s Lakeland region had the nation’s highest ...
The building where Brandon Chasen once based his real estate empire is condemned, and facing possible foreclosure, as more ...