Foreclosure Prevention

Know Your Rights

Other Housing Problems

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Foreclosures

When you buy a house or land on time, or borrow money to buy a house or land, the creditor usually takes a security interest in the property you buy. This means that if you don’t pay, the creditor can foreclose upon (or take back) that property. (A person or business you owe money to is called a creditor.) However, you have important legal rights that protect you. This article describes your legal rights if you are facing foreclosure on your home.

National Mortgage Settlement: What You Need to Know

It will take six to nine months for administrators of the National Mortgage Settlement to start contacting claimants and distributing benefits. In the meantime, scammers are trying to make money by falsely claiming to have an inside track to mortgage relief. Ignore the scammers and educate yourself about what to expect.

Foreclosures

When you buy a house or land on time, or borrow money to buy a house or land, the creditor usually takes a security interest in the property you buy. This means that if you don’t pay, the creditor can foreclose upon (or take back) that property. (A person or business you owe money to is called a creditor.) However, you have important legal rights that protect you. This article describes your legal rights if you are facing foreclosure on your home.

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