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Here are five reasons why people lose their homes to foreclosure: 1. Illness - Illness makes it impossible to work and most people when they don't work, they don't make money. Many Americans don't have adequate health insurance, which makes matters worse. When you are ill your base expenses continue and in addition, many times doctor, hospital and the cost of treatment can eat up a
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If you or someone you know is headed toward foreclosure, or are already in foreclosure, you need to know your rights and options now. Only then can you save your house… save your credit… and save your equity before it's wiped out forever. Foreclosure can mean the loss of your home,  any equity
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A few years ago, if you had a bankruptcy or a foreclosure on your credit report, you could forget about trying to get a mortgage loan. If you were lucky enough to find someone who would finance you, your interest rate would be through the roof and plan on putting 10-20% down.But today, this is not the case. There are
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Many home buyers opt to purchase a foreclosed home because of the savings. Properties are foreclosed when a homeowner can no longer afford to make the mortgage payments. After three months of non-payment, the lending institution will reclaim the property, and resell it to another buyer at market value. Some foreclosed properties are in bad condition; however, if you can locate a foreclosed home in good
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