mortgage

Foreclosure: judicial or nonjudicial?

When lenders foreclose on a home, the process is either judicial or nonjudicial, depending on state law.

The following map shows which process is applicable in your state. For more information on how each process works, read the Bankrate story "How foreclosure works in your state."

Foreclosure laws by state
Foreclosure laws by state
Source: "Recourse and Residential Mortgage Default: Theory and Evidence from U.S. States," Federal Reserve Bank of Richmond, Va.

 

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Holden Lewis

You’re normal if you spend big before a mortgage

If you have sold a house and bought another, or if you have refinanced a mortgage, you probably have ignored a universally given piece of financial advice. And you know what? You're fine. You're perfectly normal. And I'm gonna stop giving that advice. Here's the advice that mortgage lenders and financial pundits, including me, like  ... Read more

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