There were 31,877 foreclosure filings in the United States in July 2023. This is down 9% from June 2023 but up 5% year-over-year from July 2022. Commute times are based on typical traffic conditions, not actual traffic, and will not include activities such as a crash or construction in the commute time calculation.
- That’s why we’ve answered common questions about avoiding foreclosure to help you make informed decisions.
- In a strict foreclosure, the borrower doesn’t necessarily have to surrender the home.
- As the seller, the bank will be responsible for the agent’s commission.
- It would be best if you engaged lawyers who get results to protect you and meet your needs.
- Your eviction will be on the lender’s terms, unlike alternative solutions that give you more flexibility and control over your transition.
Most deeds of trust and other security instruments allow non-judicial foreclosure, by which the lender can foreclose without …