Attorney Martin Sweet of THELAW.TV answers:
What is the difference between pre-foreclosure and foreclosure?
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Martin Sweet, J.D., PhD., is THELAW.TV's Research Advisor. If you need legal assistance, please consult one of the featured law firms on MadisonLaw.tv or choose a legal topic to the left to get answers.
Foreclosure and Personal Finance \ All Questions
What is the difference between pre-foreclosure and foreclosure?
What is the foreclosure process and how long does it take?
What are the typical options I have once I have received a foreclosure letter from my lender?
What is a servicing agent and is it different from my lender?
The bank is foreclosing on my house. What do I do?
What happens at the actual foreclosure sale?
What happens to the money paid by the new purchaser?
Once the foreclosure process starts, is there anything I can do to stop it?
Why are affirmative defenses to a foreclosure different than just an answer with denials?
Do banks have to maintain the original paperwork on my mortgage to foreclose on my property?
Are foreclosure laws different from state to state?
Are foreclosure laws different from county to county?
Are there tax consequences on a short sale?
How will a short sale affect my credit rating?
What happens to the tenants if my rental house is foreclosed?
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Martin Sweet is a visiting assistant professor of political science at Northwestern University in Evanston, Illinois. He teaches and researches in the area of American Politics and Constitutional Law. He earned his J.D. in 1995 from the University of Minnesota Law School and his Ph.D. in 2003 from the University of Wisconsin-Madison. In 2005, he was co-awarded by the American Political Science Association for the nation's best dissertation in the area of public law. Martin is the author of Merely Judgment: Ignoring, Evading, and Trumping the Supreme Court, published by the University of Virginia Press, and is a regular political and legal contributor on television.