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  1. Copilot Answer

    Foreclosure: Definition, Process, & How To Avoid - Investopedia

    • Foreclosure is the legal process by which a lender attempts to recover the amount owed on a defaulted loanby taking ownership of the mortgaged property and selling it. Typically, default is trigger… See more

    Understanding Foreclosure

    The foreclosure process derives its legal basis from a mortgage or deed of trust contract, which gives the lender the right to use a property as collateral in case the borrower fa… See more

    Investopedia
    The Foreclosure Process Varies by State

    Each state has laws that govern foreclosures, including the notices that a lender must post publicly, the homeowner’s options for bringing the loan current and avoiding for… See more

    Investopedia
    How Long Does Foreclosure take?

    Properties foreclosed in the second quarter of 2021 had spent an average of 922 days in the foreclosure process, according to the U.S. Foreclosure Market Report from ATTOM Da… See more

    Investopedia
    Can You Avoid Foreclosure?

    Even if a borrower has missed a payment or two, there still may be ways to avoid foreclosure. Some alternatives include: 1. Reinstatement—During the reinstatement period, the … See more

    Investopedia
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