Repossession and foreclosure are both processes that a creditor uses to reclaim property you put up as collateral for a loan, the procedures are different. As for most mortgage foreclosures, there is no registration required.Foreclosures can be bought with no money if you accept and assume the seller's mortgage, avoiding a foreclosure process that would otherwise occur. These Foreclosure Forms are for All Courts that preside over Residential Foreclosure Cases. HUD Home Store is the listing site for HUD real estate owned (REO) single-family properties. This site provides the public, brokers, state and local governments This article will help you understand how to report the cancelation of a debt and the income or loss recognized from property that was foreclosed. You can also register online to bid at Harris County Constables' tax foreclosure sales. You'll also see a diagnostic reminding you to complete Form 982. With 24 foreclosures out of 517,430 housing units, Montana's foreclosure rate was one in every 21,560 homes.