With all the news regarding sub prime lending and an ever increasing number of foreclosures and auctions, it's good to understand what foreclosures are, the reality of buying a home, and how to go about trying to accomplish it. Please read through our foreclosure information pages to get some valuable information. What is a Foreclosure? Foreclosure is the legal proceeding in which a bank or other secured creditor sells or repossesses a parcel of real property (immovable property) due to the owner's failure to comply with an agreement … [Read more...]