Carol M. Kopp edits features on a wide range of subjects for Investopedia, including investing, personal finance, retirement planning, taxes, business management, and career development. Doretha ...

When you fall behind on mortgage payments, your lender may eventually take your home to recoup the loss. But that won’t happen right away. Lenders must follow a series of steps that start with ...

Pre-foreclosure vs. Foreclosure The pre-foreclosure phase begins when a loan servicer sends a borrower a notice of default. This typically happens after the borrower skips three mortgage payments in a ...