what is the foreclosure process 
foreclosure rules can vary from state to state but it s typically initiated because the homeowner has stopped making mortgage payments the mortgage contract gives the lender a secured interest in the property this provides the lender with a legal right to seize the property after giving proper notice to the homeowner and allowing them to cure the default the lender will then sell the property to recoup some if not all of the money it loaned so the homeowner could initially buy the property 10the bottom linea housing bubble can significantly affect a home s value and the equity in real estate as prices climb investors may flood the market and home buyers may secure risky loans when the bubble bursts prices plummet and some borrowers may face financial stress or foreclosure 