What Are The Different Stages Of Foreclosure?

A foreclosure is when a mortgage company takes possession of a property because of failure to keep up with the payments. Even though most homeowners would like to avoid foreclosure if they could, it does still happen all the time. No matter if you had the best of intentions you can still lose your house, all of your equity, and damage your credit rating, all on top of having to find a new place to live. ..»