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After a foreclosure, you may be a little hesitant to apply for a new home loan. Moreover, several lenders will question your ability and willingness to repay the mortgage. Although there are many obstacles to getting approved for a mortgage loan after a foreclosure, homeownership is attainable. The key is choosing the right lender and picking the best finance package.
Which
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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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Mortgage foreclosure can occur if homeowners, who have taken a VA, conventional loan, or an FHA insured loan, default on the mortgage payments. Foreclosure can lead to the lender gaining possession of a borrower's home. If the value of the home is less than the mortgage amount, the homeowner may have to pay the balance amount to the lender under
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Latest California Foreclosure Property News
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12% of agents lost property to foreclosure
A new survey taken for title insurer Entitle Direct of 290 Southern California agents - and 800-plus nationwide - found deep financial pain for many real estate salespeople.The survey says: 12 percent have lost their own property to foreclosure during the housing downturn - a roughly 1-in-8...
Tue, 31 Jan 2012 10:04:24 -0800
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