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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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Before attempting to buy a home after foreclosure, it is important to educate yourself on the necessary steps, and improve your odds of getting approved. Certain situations are extremely damaging to your credit report. These include bankruptcy, foreclosure, repossession, etc. Fortunately, you can rise from a bad credit situation. Here are a few tips to help you get approved for
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Foreclosures are on the rise nationwide, and the Phoenix, Arizona area, including greater Maricopa County, is not immune from this trend. There are over 0 BILLION worth of mortgages in foreclosure right now, nationwide. This is a staggering statistic. Those in this unfortunate situation often have to try to sell their house, but can find it impossible to do before
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