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http://bucket.wistia.com/medias/g8v64x1ef2?embedType=async&videoFoam=true&videoWidth=640 In a foreclosure, a lender takes legal possession of collateralized property from a borrower who has not met the financial conditions of the loan. Foreclosure defense is...

http://bucket.wistia.com/medias/wpex85bx3d?embedType=async&videoFoam=true&videoWidth=640 Deed In Lieu' is a common short-hand term for this situation: a borrower can't make loan payments, and hands over their deed to the property instead, so that the lender...

http://bucket.wistia.com/medias/a2tw1xbyjp?embedType=async&videoFoam=true&videoWidth=640 A foreclosure is essentially a legally-forced change in possession, where a lender seizes collateralized property - such as a home - when a borrower is unable to pay the...

http://bucket.wistia.com/medias/urf9pcd87p?embedType=async&videoFoam=true&videoWidth=640 The legal distribution of assets and property left by someone who has died is called 'probate.' It is a process of law, involving government and courts, that ensures...

http://bucket.wistia.com/medias/dqglg4ogjo?embedType=async&videoFoam=true&videoWidth=640 A will is a written document that defines how your assets will be distributed after you die. Trusts are legal arrangements that involve a separate legal entity to hold and...

http://bucket.wistia.com/medias/3yxmx6g8ty?embedType=async&videoFoam=true&videoWidth=640 When a person or business concludes that meeting their debts is not realistic, they may file for bankruptcy in Federal Bankruptcy court. A bankruptcy filing places an...

http://bucket.wistia.com/medias/kqjyjualxe?embedType=async&videoFoam=true&videoWidth=640 Bankruptcy is a set of legally-defined ways for individuals or businesses to settle debts without full payment, by following rules that govern their assets and financial...

http://bucket.wistia.com/medias/congozc9v2?embedType=async&videoFoam=true&videoWidth=640 Filing for bankruptcy starts with disclosing all financial information. This is done on a form called a 'bankruptcy petition', provided by the US Bankruptcy Court. The...

http://bucket.wistia.com/medias/503ztftr46?embedType=async&videoFoam=true&videoWidth=640 US law allows courts to declare individuals and businesses bankrupt, allowing them to settle debts without full payment. Filing bankruptcy is a legal action asking the...

http://bucket.wistia.com/medias/yxhf24po1c?embedType=async&videoFoam=true&videoWidth=640 When a lender releases an existing mortgage for a payoff that is less or 'short' of the total amount due, the transaction is called a 'short sale.' Lenders sometimes...