The foreclosure process starts when a lender files a complaint against the property owner because the homeowner has defaulted on the mortgage loan. The lender may begin the process of foreclosure in order to rectify the debt. In this case, after filing a complaint, the lender may arrange a foreclosure sale of the houses and auction it off to the highest bidder. Buying foreclosure houses can be an excellent way to obtain a house for a price below its market value.
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Select a state in the list below for foreclosure listings of bank foreclosures for sale.
|Mortgage Type||Today||Last Week||Change|
|30 year fixed||4.28%||4.30%||-0.02%|
|15 year fixed||3.24%||3.18%||+0.06%|