Foreclosure law is when a lawsuit is filed for a bank or lender seeks to possess a property to satisfy a debt. Banks or lenders often take possession of the property and sell it to recoup the debt. In foreclosure the homeowner is evicted and loses all rights to the property. There are two types of foreclosure: Strict Foreclosure and Foreclosure by Sale. In a strict foreclosure, a judge sets a certain number of days for each defendant in the foreclosure. After that day, the borrower loses all rights to the property. These days can be anywhere from 3 weeks to a year after the day the case goes to judgment. In a foreclosure by sale, the judge sets a sale date for the property. This usually means an auction date and the property is sold to the highest bidder. In either of these cases the only way a borrower can prevent the sale of the property and retain rights is to pay the judgment or debt in full and any costs associated with it.