What rights does a homeowner have if their home goes into foreclosure?
The homeowner has four key rights: • Right to prior notice of foreclosure sale as determined by laws of each state • Right to reinstate the mortgage by paying arrearages and fees in full (in most states) • Right to redeem the mortgage by refinancing it before foreclosure sale (in most states) and after the foreclosure sale (in some states) • Right to remain in the home after a foreclosure sale until they receive a Notice to Quit and until a court order is issued after a notice and hearing (almost all states)
