Can Your Two Mortgages Foreclose on Your House?

Answer A foreclosure occurs when a lender goes to court and files a foreclosure motion to have your home sold as a means of repaying an unpaid debt on your property. If you have multiple liens on your hom... Read More »

Top Q&A For: Can Your Two Mortgages Foreclose on Your House

When Do Banks Foreclose on Mortgages?

Banks enter into the foreclosure process when borrowers stop making mortgage payments. If you stop making payments on your mortgage, it will only be a matter of time until the bank forecloses on yo... Read More »

How many foreclose on mortgages a year?

The number of foreclosures varies from year to year. According to Realtor Magazine, the number of mortgages that were foreclosed upon in 2009 was 2.8 million. This represented a 21 percent increase... Read More »

What happens when I foreclose on my house?

After mortgage payments are approximately six months behind, a person may be forced to foreclose on his home. Paperwork must be filed properly, and then there is a brief waiting period before the o... Read More »

What happens when you foreclose on a house in Texas?

Texas is a state where lenders can exercise a non-judicial foreclosure, meaning that they do not need court approval. The foreclosure process in Texas is also one of the shortest in the nation and ... Read More »