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 stateSource: "Recourse and Residential Mortgage Default: Theory and Evidence from U.S. States," Federal Reserve Bank of Richmond, Va. advertisementRelated Links:What is mortgage recasting and why do it?Pay for divorce with cash-out refinancingHomebuyers, banish the drama of stagingRelated Articles:Rate Trend IndexInterest Rate RoundupNew homes, cheap loans
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."
Feeling lost in the mortgage wilderness?
Mortgage rates giving you motion sickness?
Let us watch for you. We'll tell you when they hit your target.
