foreclosure
Sign in to savethumb|House in Salinas, California, under foreclosure, following the bursting of the [[2000s United States housing bubble.]]
Article
34 sectionsContents
- Types
- Judicial
- Nonjudicial
- Strict
- Acceleration
- Process
- Strict and judicial
- Nonjudicial
- Defenses
- Equitable foreclosure
- Title search and tax lien issues
- Contesting a foreclosure
- Foreclosure auction
- Further borrower's obligations
- Renegotiation alternative
- Experiences of households post-foreclosure
- Affected demographics
- Recent trends
- Impact of foreclosure
- By country
- Australia and New Zealand
- Ireland
- People's Republic of China
- Mortgages and foreclosure
- Philippines
- Spain
- South Africa
- Switzerland
- United Kingdom
- Canada (Alberta)
- See also
- References
- Further reading
- External links
thumb|House in Salinas, California, under foreclosure, following the bursting of the [[2000s United States housing bubble.]]
Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan.