A year ago, pending in New York were nearly 26,000 legacy foreclosures—foreclosures arising from mortgages originated between 2004 and 2008. Many of these mortgages went into default shortly after ...

We all know paying your mortgage on time is important. But you might not know how big of a deal it could be to miss a single payment. Most mortgage loans include an acceleration clause, which could ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. An acceleration clause is a loan contract provision allowing lenders to demand full ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Andy Smith is a Certified Financial Planner (CFP®), licensed realtor and educator with over ...