Laws on foreclosures vary by state. Information on state foreclosure laws includes:
- Types of disclosure available: Judicial foreclosure (by court action) or Non-judicial (without court action)
- The timeline for opportunity to cure the default (settle by paying back the overdue payments, interest and penalties, or other action)
- If right of redemption is available (allowing the borrower to re-acquire the property)
- If a deficiency judgment is allowed, giving the creditor the right to bring a personal judgment against the borrower for additional amounts, if the sale doesn't bring in enough to pay off the loan.
United States Foreclosure Laws lists foreclosure laws by state.
