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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 a family loses their home in Foreclosure, it is easy to
critically speculate and assume that they must have been
irresponsible with the loan payments or they bought a home
way out of their league. Despite the fact that those are
possible reasons for foreclosure, truth be told that there
are many other reasons people foreclose on a home
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Recently, my significant other and I found ourselves facing bank
foreclosure on our home. We knew it was coming. We had missed
several mortgage payments while we were laid off from our jobs
at the mine. Stupidly, we decided not to communicate our
problems to the bank. We tried to make do with part time jobs at
fast food restaurants, but trying to make all
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