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How to Stop Foreclosure and (Hopefully) Save Your Home – If you renege on that promise, your lender is allowed-by law-to reclaim your home and sell it to recoup its money. The process of a lender repossessing the house due to lack of payment is foreclosure..
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Is Buying a Foreclosed Home Ever a Good Idea? – A safer choice is to buy homes that are owned by a bank. These properties, often referred to as REO or real-estate owned homes, have already been through the foreclosure process, with banks having.
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