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2. What is a foreclosure? How it works and how to avoid it - AOL

   www.aol.com/finance/foreclosure-works-avoid...

   A foreclosure occurs when a lender takes control over a property from a borrower for failing to make timely payments. A foreclosure can damage your credit score and result in loss of property. As ...

3. Foreclosure - Wikipedia

   en.wikipedia.org/wiki/Foreclosure

   Foreclosure of chattel mortgages (mortgage of movable property) are governed by Sec. 14 of Act No. 1506, which gives the mortgagee the right to sell the chattel at a public sale. It has also been held that as regards chattel mortgages, the law does not prohibit that the foreclosure sale be done privately if it is agreed upon by the parties. [49]

4. How to stop foreclosure - AOL

   www.aol.com/finance/stop-foreclosure-220538027.html

   Plus, connecting with the lender right away to remedy the problem could mean getting back on track with your loan payments sooner. But if the foreclosure process has already begun, there are other ...

5. Missing mortgage payments: How many can I miss before ...

   www.aol.com/finance/missing-mortgage-payments...

   Foreclosure is the subsequent and more final phase of the process, in which the lender takes possession of the home and may sell it to recover the loan balance, forcing the current owner to leave ...

6. Real estate owned - Wikipedia

   en.wikipedia.org/wiki/Real_estate_owned

   If there are no interested bidders, then the beneficiary will legally repossess the property. This is commonly the case when the amount owed on the home is higher than the current market value of the foreclosure property, such as with a mortgage loan made at a high loan-to-value during a real estate bubble. As soon as the beneficiary ...

7. Equity of redemption - Wikipedia

   en.wikipedia.org/wiki/Equity_of_redemption

   For both legal and practical reasons, the use of foreclosure as a remedy has fallen into disuse. [6] Even where a mortgagee seeks an order for foreclosure from the courts, the courts will frequently order judicial sale of the property instead.