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Q: What does it mean to be in foreclosure?
A: According to dictionary.com, to foreclose is to deprive
(you) the mortgagor of the right to redeem mortgaged
property, when payments have not been made. When you have
missed two months worth of payments you have defaulted on
your loan, but you are not yet in foreclosure. The
foreclosure proceedings will
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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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These days, since we have the web at hand, it's child's play to
discover things we need concerning foreclosure prevention. Not
too long ago the only choice to find tips on foreclosure
prevention was a public library -- and we can remember these
times pretty good, can't we? Do you want to go back in time? I
don't think so. Now there's loads of hints
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