Property Disputes & Foreclosure

What is foreclosure?

Foreclosure is the legal process by which a lender (usually a bank) takes possession of a property after the borrower fails to repay their mortgage loan. The lender will typically sell the property to recover the outstanding loan balance. Foreclosure processes vary by state, but they generally involve court proceedings and a public auction.

Can I stop a foreclosure?

There are several ways to stop or delay a foreclosure, including negotiating with your lender for a loan modification, refinancing, or exploring programs that offer forbearance. In some cases, filing for bankruptcy may temporarily halt the foreclosure process. It's important to consult with a real estate attorney to understand your options and to act quickly to protect your property.