Foreclosure overview

Foreclosure is the legal mechanism through which a lender enforces its security interest when the loan is not brought current under the contract and applicable law. Procedures differ materially by state, loan type, and whether a court manages the case.

Not a substitute for legal counsel

Your servicer letters, recorded notices, and any case number on file are authoritative—not articles on the internet. Treat this hub as orientation so you can ask sharper questions of an attorney or housing counselor.

Next steps

Read the linked guides on general timeline patterns and how workouts like modifications interact with marketing periods when time is tight.