California
Connecticut
Florida
Georgia
Illinois
Maryland
Massachusetts
New Jersey
New York
North Carolina
Pennsylvania
South Carolina
Texas
Virginia
Donate
Talk to a Lawyer Now
Search
Close this search box.
Get Legal Help
Talk to a Lawyer
Search
Close this search box.

What is foreclosure and how does it work?

What is foreclosure?

If you do not make your mortgage payments, your lender can try to take your home. The lender does this by starting a foreclosure action against you in court.

How does foreclosure start?

When you miss a few mortgage payments, the lender notifies you that you are behind (in default). If you miss more payments, the lender sends a letter to say that you have violated the terms of the mortgage. You will have about 30 days to catch up with your payments. If you do not make all the payments by the deadline, the lender may start a foreclosure proceeding.

Categories

Litigation Support
Debt and Foreclose Aid
Consumer Proection

Related Articles

Debt collectors are harassing me. What can I do?

The Fair Debt Collection Practices Act (FDCPA) is a law that helps protect you from unfair treatment by companies that collect debts. If you owe money, here are some of the protections you have under...

Read more

What is an appeal?

In the court system, an appeal is when someone who loses a case asks a higher court to review a decision and change it. The person who asks for the appeal is called the appellant...

Read more

Do you have any feedback?

Leave it Here

New York Hope is committed to empowering individuals and small businesses grappling with legal challenges. New York Hope operates on a grant and donation-supported model, ensuring accessibility without compromising on the caliber of legal counsel. Our mission is clear: to be the guiding light in legal landscapes, providing affordable attorneys and unwavering advocacy for those in need.

Disclaimer: New York Hope is a non-profit organization that aids in the obtaining of legal representation through independent licensed attorneys. New York Hope is not a law firm. The information on this website is for informational purposes only and should not be construed as legal advice.

Instagram Facebook Tiktok Linkedin-in X-twitter

Resource Centre

Support Our Mission

Privacy Policy

About Us

Find a Lawyer

© 2024 New York Hope. All Rights Reserved.

×