Foreclosure impacts all of us, even if you've never been late in paying your own mortgage.

Foreclosures touch the first-time homeowner, seasoned sellers, commercial property owners and retail and residential tenants by lowering property prices, reducing appraisals and mortgage financing availability, as well as affecting the overall economy.

It's surprising at the number of ways foreclosure affects you and your wallet, such as a rise in foreclosure fraud, fewer state and local services, and even headaches and hurdles when applying for loans of any type. 

Find out what else you might need to know if you're buying or selling real estate, or going through the foreclosure process.