{"id":369143,"date":"2016-04-04T10:47:15","date_gmt":"2016-04-04T15:47:15","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-law\/realestate\/foreclosure\/state-specific-information-on-foreclosure.html"},"modified":"2024-02-28T11:20:34","modified_gmt":"2024-02-28T16:20:34","slug":"state-specific-information-on-foreclosure","status":"publish","type":"page","link":"https:\/\/www.findlaw.com\/realestate\/foreclosure\/state-specific-information-on-foreclosure.html","title":{"rendered":"State Foreclosure Resources"},"content":{"rendered":"\n
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State Foreclosure Resources<\/h1>\n
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\n By FindLaw Staff<\/a> | Legally reviewed by Robert Rafii, Esq.<\/a>\n | Last reviewed\n
\n \n <\/i>\n Legally Reviewed\n <\/summary>\n\n
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This article has been written and reviewed for legal accuracy, clarity, and style by FindLaw\u2019s team of legal writers and attorneys<\/a> and in accordance with our editorial standards<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n\n

\n \n <\/i>\n Fact-Checked\n <\/summary>\n\n
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The last updated date refers to the last time this article was reviewed by FindLaw or one of our contributing authors<\/a>. We make every effort to keep our articles updated. For information regarding a specific legal issue affecting you, please contact an attorney in your area<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n<\/section>\n

Both lenders and mortgagors (homeowners) have rights and responsibilities in the foreclosure process. For instance, many states allow for statutory redemption<\/a>. This is when the mortgagor (property owner) has a limited period to buy back the property. For more information and resources, see FindLaw’s Foreclosure<\/a> section.<\/p>\r\n

Besides state laws, there are also at least two areas of federal law that can affect your foreclosure<\/a> prevention options:<\/p>\r\n