Foreclosure

When a lender takes possession of a home and sells it in order to repay a loan in default

This process varies from state to state, but in general, a foreclosure is an auction either with or without court action. The highest bidder wins the home.

See Also:	Trustee's sale, Default, Judicial foreclosure

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- A -

Acceleration clause

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Acre

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- B -

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Bridge loan

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- C -

Cap

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Comparable sale (Comp)

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Consumer credit bureau

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- D -

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- E -

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- F -

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Foreclosure

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- H -

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- I -

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- J -

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Judgment

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- K -

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- S -

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- T -

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Trustee's sale

- U -

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- V -

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- W -

- XYZ -

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Foreclosure

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