If you live in a judicial foreclosure state and stop paying your mortgage, you will eventually become the defendant in a civil lawsuit.
The plaintiff, which is the party suing you, must go through the court system in order to foreclose on your house. But who will the plaintiff be?
It could be one of a few different parties or some combination of them. It could be the investor in your loan, your loan servicer, or a trustee that represents the parties with an interest in your mortgage.
Let's examine who those parties are, and what it means for you when fall behind on your mortgage.