Foreclosure

Financial News Glossary: Foreclosure

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Foreclosure

Foreclosure occurs when your lender repossesses your home because you have defaulted on your mortgage loan or home equity line of credit.

You default by failing to pay interest and repay the principal you owe on time. Foreclosed property is often sold at auction to allow the lender to recover some of or all the outstanding debt.

Financial News: foreclosure

Article
By The Associated Press
Bailout watchdog: loans to 2 big insurers 'incongruous' with bailout program's spirit, intent
12/10/09 5:15PM
Article
By Jim Cramer
Some personal experience flies in the face of the dire reports.
12/10/09 4:16PM
Article
By PR Newswire
12/10/09 4:04PM
Article
By Timothy Collins
12/10/09 2:43PM
Article
By The Associated Press
Obama administration's loan help program only helps 31,000 homeowners as of Nov.
12/10/09 2:34PM
Article
By Scott Eden
Citigroup shares ended flat Thursday as the company and the government reportedly worked on a deal to allow the bank to exit TARP.
12/10/09 2:31PM
Article
By The Associated Press
Hawaii foreclosures up 122 percent in November over same month last year
12/10/09 2:17PM
Article
By Jim Cramer
I see such strength all over the sector, but analysts would never stick their necks out like I will.
12/10/09 1:13PM
Article
By PR Newswire
12/10/09 12:43PM
Article
By The Associated Press
Americans' net worth grows for 2nd straight quarter, but still far below pre-recession peak
12/10/09 12:01PM
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Note:This information is provided with the understanding that the authors and publishers are not engaged in rendering financial, accounting or legal advice, and they assume no legal responsibility for the completeness or accuracy of the contents. The text is based on information available at time of publication. Readers should consult a financial professional about their own situation before acting on any information
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