Home Foreclosure Terms Glossary

Assignment of Mortgage

Assignment of Mortgage in Foreclosure: What Homeowners Need to Know An Assignment of Mortgage is a legal document that transfers […]

Cash for Keys: A Humane Alternative in Home Foreclosure Facing foreclosure is a stressful and emotional experience for homeowners. One

Deed in Lieu of Foreclosure: What Homeowners Need to Know Facing foreclosure can be overwhelming, but a Deed in Lieu

Deficiency Judgments in Foreclosure: What You Need to Know When a home is foreclosed and sold for less than the

Understanding the Role of a Demand Letter in Home Foreclosure A demand letter is a critical document in the foreclosure

Lis Pendens: A Crucial Notice in Home Foreclosure The term “lis pendens,” derived from Latin meaning “suit pending,” plays a

Loss Mitigation in Foreclosure: A Homeowner’s Lifeline Loss mitigation is a process where lenders and homeowners work together to avoid

Understanding Quitclaim Deeds in Home Foreclosure A quitclaim deed is a legal document used to transfer property ownership without warranties

Understanding the Right of Redemption in Home Foreclosure When a homeowner faces foreclosure, they may still have a legal opportunity

Mechanic’s Lien: Its Role in Home Foreclosure A mechanic’s lien is a legal claim placed on a property by contractors,