This is a PDF format version of a Home Foreclosure and Vehicle Repossession Legal Questions and Answers. The Questions answered are as follows:
- What is foreclosure?
- How far behind in mortgage payments can I be before my lender can initiate foreclosure proceedings?
- Are lenders required to give homeowners prior notice before starting foreclosure proceedings?
- What happens during the foreclosure process?
- The foreclosure sale price was less than the amount remaining on my loan. Can the lender now sue me for the deficiency?
- Is there anything a borrower can do to prevent foreclosure?
- What is vehicle repossession?
- What can the lender do with the vehicle once it is repossessed?
- What if the lender sells the car for less than the amount remaining on the loan?
- Is there anything I can do to prevent repossession of my vehicle?
NOTE: This document is in PDF format
