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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...

    These laws can govern your mortgage relief options if you are already in foreclosure, how to post a Notice of Sale, the sale timeline and other parts of the process. Step 1: Missed mortgage payments

  3. Homestead exemption in Florida - Wikipedia

    en.wikipedia.org/wiki/Homestead_exemption_in_Florida

    Florida's debtor protection homestead provision is one of the broadest in the United States.The value of the property that can be protected is unlimited, so long as the property occupies no more than one-half acre (2,000 sq m) within a municipality, or 160 acres (650,000 sq m) outside of a municipality.

  4. Foreclosure - Wikipedia

    en.wikipedia.org/wiki/Foreclosure

    When the remaining mortgage balance is higher than the actual home value, the foreclosing party is unlikely to attract auction bids at this price level. A house that has gone through a foreclosure auction and failed to attract any acceptable bids may remain the property of the owner of the mortgage. That inventory is called REO (real estate ...

  5. Penny auction (foreclosure) - Wikipedia

    en.wikipedia.org/wiki/Penny_auction_(foreclosure)

    A penny auction is a collective action taken during the auction of a foreclosed property to force the sale of the property at a low price, with the intent of then returning the property to its previous owner.

  6. Get breaking Finance news and the latest business articles from AOL. From stock market news to jobs and real estate, it can all be found here.

  7. Timeline of the 2000s United States housing bubble - Wikipedia

    en.wikipedia.org/wiki/Timeline_of_the_2000s...

    A graph showing the median and average sales prices of new homes sold in the United States between 1963 and 2016. [1] Housing prices peaked in early 2005, began declining in 2006 (see also United States housing market correction).