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Foreclosures & Real Estate Article Category 

Articles about or concerning Foreclosures, Avoiding Foreclosure, Short Sales, Foreclosure Deals, Bank Foreclosure Properties, Sheriff Sales, Buying A Foreclosure Home, Locating Foreclosed Properties.
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FHA Bill Approved By Senate Vote 19-2

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 Brian Quigley (May 20, 2008)  THe changes to the bill mainly are that the government will have control of Fannie Mar and Freddie Macs profits, and will earmark about $500 million per year from their profits with a diversion of funds to low income rental housing. Areas hit most, like New Orleans from hurricaine Katrina, will receive the first benefits. Many people speculate that Fannie and Freddie will not lobby .. (Foreclosures)

Free Tips And Tricks To Buying Pre-Foreclosures

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 Michael Ullman (May 20, 2008)  If you've kept up with the media recently, you know that investing in pre-foreclosure homes is the best way to make a substantial profit for yourself. This is the stage to buy homes in for personal use, or to get into the real estate game. There is no limit to the amount of pre-foreclosed homes out there, due to the sub-prime mortgage crisis and other external difficulties facing home .. (Foreclosures)

When Should We Decide On Foreclosure?

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 John Cb Andrews (May 15, 2008)  When homeowners have missed several mortgage payments, they should not be surprised when the banks come knocking on their door looking at foreclosing them. A lot of people just seem resigned to the fate as deciding on foreclosure is not something that they would decide on. Homeowners need to make a decision whether foreclosure is the right choice for them but many times, they really .. (Foreclosures)

Century 21 Real Estate - Tips For Buying Bank Owned Foreclosures From Realtors

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 Simon Volkov (May 15, 2008)  Century 21 Real Estate is a worldwide organization offering residential and commercial real estate. Century 21 Realtors are independent agents who either own a franchise office or work as a representative for the franchise owner. With the abundance of foreclosure properties, many Century 21 Realtors now specialize in bank owned foreclosure properties. This type of real estate .. (Foreclosures)

FHA Bailout Program Voted On Today By Senate Banking Committee

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 Brian Quigley (May 14, 2008)  Democrats are hoping that todays vote will lead to a bi-partisan agreement by the republicans, so this plan can be implemented right away. Many people are concerned about the tax payers funding of this plan, and how it is unfair for honest taxpayers to pay for speculators of loans, and people who made bad decisions with buying their homes. It is estimated now, that this plan will cost .. (Foreclosures)

Foreclosure - Does The Bank Really Want To Repossess Your House?

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 Simon Volkov (May 14, 2008)  Foreclosure can cause people to become overwhelmed with emotions. Fear of losing your house to the bank can bring about anger, sadness, embarrassment and humiliation. It can make you feel like you are a total failure. These emotions oftentimes lead people to become immobilized and incapable of making simple decisions. Although foreclosure can be a frightening experience, there is light . (Foreclosures)

Should I Buy A Foreclosure?

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 Dave J. (May 14, 2008)  The question, “Should I buy a short sale", is not to be taken lightly. The process of selling short involves the bank agreeing to take a pay-off amount on a loan that doesn't quite pay it off. By the nature of the “short sale" business, the sale indicates that the property is being purchased under value. And that very well may be true. Just make sure that you can purchase it . (Foreclosures)

Short Sale Approval - Working With Loss Mitigation To Approve Your Offer

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 Simon Volkov (May 13, 2008)  Short sale approval requires working with your lender's Loss Mitigation Department. Obtaining short sale approval can be a lengthy and complex process. It involves many steps and consists of a trail of paperwork. When lenders accept short sale approval transactions they agree to accept a lesser amount than owed on the mortgage balance. A Loss Mitigator is assigned to oversee your .. (Foreclosures)

Rounding Up Buyers for Foreclosures is Critical Before The Homes Come On the Market

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 Rhonda Duffy (May 13, 2008)  Many listing brokers who represent banks resist the energy that it takes to round up buyers prior to the sale. However, in a market where there are many opportunities for investors, it is critical to take the time to build a list and market to that least at least two times a week. Building a List Building a list can be very tedious. You must remember to question every buyer for their .. (Foreclosures)

Foreclosure Epidemic Causing Homeowners To Burn Their Houses Down

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 Brian Quigley (May 12, 2008)  Many of these torched homes are in foreclosure, and they are being burnt down, in some instances, the day before a foreclosure sale. Insurance companies and police forces understand the nature of their intention, and quote that they will get caught. To the unwittingly distressed homeowner, they assume that if they burn down the house, they will be relieved of the debt. One woman in .. (Foreclosures)

Worried About Losing Your Family Home?

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 Lisa Read (May 11, 2008)  Foreclosure is a big headache for the consumer and the lender. Unfortunately it is an “all to common" problem these days. So many homeowners thought they would never be in that position. Consumers feel like there is no way around foreclosure. There is a seven step system available that will help to save a house from foreclosure. It is like having your own personal counselor .. (Foreclosures)

Foreclosure Rates Under States - How Does This Affect How I Sell My House?

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 Shaun Greer (May 11, 2008)  Its no surprise that when the real estate bubble burst, the most inflated regions were the ones to suffer the strongest loss. In areas that are buoyed by outside factors like strong industry sectors whose companies did not lay off numerous workers, the bubble burst was hardly a ripple in the market. Other regions immediately suffered the backlash of mortgages given to homeowners who had . (Foreclosures)

Get To Know The Easiest Way To Avoid Foreclosure

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 Hamilton Bob (May 11, 2008)  Foreclosures have been rising because of the lenders generosity. Many people hope that they can afford to pay of their debts at ease when a lender makes no hassle in lending and end up with the unfortunate situations and face foreclosure failing to make payments to the lender. In most of the situations it is possible to stop foreclosure. If you don't even try to do anything about it .. (Foreclosures)

FHA Bailout Bill Passed House But Will Be Vetoed By White House

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 Brian Quigley (May 08, 2008)  Much controversy is arising from this recent bill that the House has passed on, and many do not know why President Bush is going to veto this bill. With the proposed Bill, FHA would insure up to $300 billion in new loans over 4 years. Lenders would have to reduce mortgage principal for eligibility to 85% loan to value. If someone is under water on their mortgage in a declining market of . (Foreclosures)

Facing Foreclosure - The Survivor's Guide to Keeping the Home

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 Chris Archer (May 07, 2008)  You've spent your entire life waiting to purchase your dream home. You may have received the down payment as a gift, you may have saved for years, or even borrowed cash from relatives so that you could make the possibility of home ownership a reality. Fast forward to today - you've received a notice of default from your bank or mortgage company. The letter tells you if you don't come .. (Foreclosures)

Don't Lose Your Home to Foreclosure - 5 Ways to Prevent Foreclosure

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 Tracy O'Halloran (May 07, 2008)  Are you behind in your house payment? There may be alternatives to foreclosure that you have not thought about. In today's environment lenders don't really want to take your house. There are costs involved in foreclosing that lenders may never recoup. So thinking outside the box may help you both. What triggers the foreclosure process? Let's say you are 30 days past due on your .. (Foreclosures)

Loss Mitigation Secrets Revealed

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 Chris Archer (May 07, 2008)  What is loss mitigation, and how can such a service assist a homeowner, when they are attempting to stop foreclosure? What can the average homeowner do to find a reputable loss mitigation service provider, that guarantees their work? Do homeowners looking for foreclosure solutions, have to pay for a loss mitigation service, or are there free alternatives? If you are one of the numerous .. (Foreclosures)

Hud Foreclosures

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 Shellaine Enfesta (May 07, 2008)  The US Department of Housing and Urban Development (HUD) sells properties you may be interested or want to buy. These are available because of HUD foreclosures. Just like your private lenders way of getting their investments back HUD foreclosures are done to recuperate their money. The difference between foreclosures bank owned and HUD foreclosures is that the later have more discounts .. (Foreclosures)

Invest In Foreclosures Bank Owned

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 Shellaine Enfesta (May 06, 2008)  Smart real estate investors make more than decent income by investing in foreclosures bank owned homes or real estate properties. You could do the same too. Investing through foreclosures bank owned can be a lucrative way to make a living. Distress sales coming off bank foreclosures often represent a great deal for home buyers or real estate investors. But this distress sales or power .. (Foreclosures)

Foreclosed Property - Buying Foreclosed Homes or Properties Is Your Savviest Real Estate Investment

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 Michael Ullman (May 04, 2008)  Banks are dumping foreclosed real estate left and right because they can't keep up with maintaining the property, due in large part to foreclosures being at an all-time high. When a bank forecloses on a home, they assume the full responsibility of re-possessing the home and any and all additional costs that the home may require. If the inventory costs of a home keep going up, the bank .. (Foreclosures)

Reasons Foreclosures Occur

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 Shellaine Enfesta (May 04, 2008)  The common reasons foreclosures occur are because of loss of employment, death, separation or divorce and the economy. When one or two or more of this do occur, it is more likely that the property will end up in foreclosure. Whether it is foreclosures bank owned or other type of financial institution lender, it will be foreclosed if you missed up on payments. Reasons foreclosures occur .. (Foreclosures)

Foreclosures - Tips and Strategies

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 Shellaine Enfesta (May 04, 2008)  Tips, guide, strategies and info on foreclosures is very easy to find online. Foreclosures can be a good thing or a bad thing. It is bad when you are about to be foreclosed by the banks or your lender. If you are a smart and a good real estate investor, it is indeed very good. Foreclosures bank owned are very easy to find and you can make an excellent deal on these foreclosed homes or .. (Foreclosures)

Unlocking The Secrets Of What You Need To Say To Owners In Foreclosure When You Go Door Knocking

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 Rich Urban (May 04, 2008)  I prefer door knocking when it comes to individuals in foreclosure. Most of the time you won't get them on the phone because they screen their calls, expecting you to be a bill collector and there's a good portion of them where you won't have their phone number. Plus, door knocking can honestly be pretty fun! Here's what you do when you get to the door: YOU: Hi, My name is . . . . . . .. (Foreclosures)

Free Foreclosure Home Listings

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 Zach Ford (April 25, 2008)  When you buy foreclosed homes, you are actually doing the bank or the lender a big favor by taking the property off their shoulders, by giving them back what has been owed to them by the previous homeowner. The banks or the lenders are not mainly after profit, but simply to sell the properties with as little time as possible. Because of this, foreclosed properties are a good place to .. (Foreclosures)

Foreclosure Lesson #4 and #5

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 Rob Alley (April 24, 2008)  This is installment #4 of our Foreclosure Lessons. This far we have been over interest rates, inflation, and flow of investment funds. Now, we are going to learn about the Business Cycle of Real Estate and how it affects the Real Estate Market and Foreclosures. The National Economy rises and falls in cycles - so does Real Estate. As our economy goes from recession to prosperity, .. (Foreclosures)

Foreclosure Lesson #2

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 Rob Alley (April 23, 2008)  Foreclosure Lesson #2 - National Factors - Inflation Alright, we have looked at interest rates and how they affect your purchasing power, now we will look the the second Nation Factor that affects foreclosures and Real Estate in general. It is important to know all the factors before making any decision to buy, whether it is a foreclosure or any other home. The second National Factor is . (Foreclosures)

Homeowners Send Their Keys to the Bank, Banks Send Their Bad Loans to the American Public

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 Nick Adama (April 22, 2008)  As more people fall behind on their mortgages and see their home's value decrease to less than what they owe the bank, some homeowners are simply mailing in the keys to the house. Instead of the mortgage payment, they are giving the property back to the bank and walking away, allowing the house to go into foreclosure. This action of sending in they keys to the house in lieu of the .. (Foreclosures)

What Should I Do If I Am Facing Foreclosure?

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 Shirley Muhammad (April 20, 2008)  As we are facing an economic crisis on a global scale, many of us find ourselves in a position where we are unable to afford our bills. Along with that, many of us got financing for our homes during a time when money was very easy to come by. What ended up happening is that many of us wound up with a loan that ballooned after several years and left us unable to afford the payments. What . (Foreclosures)

Free Bank and Government Foreclosure Listings

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 Zach Ford (April 18, 2008)  Government and bank foreclosures are a result of the homeowner no longer able or willing to continuously make the payments to a government agency or lending bank in return for borrowing an amount of sum to purchase or build a home. This results to a defaulted loan. Therefore, the government agency or bank responsible becomes the new owner of the house, and only through selling will it .. (Foreclosures)

Under The Radar Bailout Of The Banks Paid For By Foreclosure Victims

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 Nick Adama (April 17, 2008)  Although there have been numerous proposals put forward by Congress in order to fix the housing crisis, most of them have so far proven ineffective or are blatant bailouts to corporations. The politicians have been churning out one propaganda piece after another under the label of “foreclosure help, " the corporate welfare “Foreclosure Prevention Act" being only the most .. (Foreclosures)

Foreclosure - The Fine Print Can Save Your House

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 William Dorich (April 12, 2008)  Non-judicial Foreclosure " The lender will auction off the house. As the name would imply, non-judicial foreclosure does not involve a lawsuit. The lender issues to the homeowner a Notice of Default and a notice of its intent to sell the homeowner's property. The trustee must record the Notice of Default in the recorder's office in the county in which your property is located. The .. (Foreclosures)

Mortgage Forgiveness Debt Relief Act

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 William Dorich (April 12, 2008)  The passage of this Act will go a long way in aiding financially strapped homeowners in the foreclosure process. Under pre-existing law, the debt forgiven by a lender in a foreclosure or Short Sale usually resulted in the borrower receiving a 1099 income tax form for the amount not recovered. This debt forgiveness had to be reported as taxable income to the borrower. With the passage .. (Foreclosures)

Understanding Foreclosure Process - A Must For Investors

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 Samuel Oliver (April 10, 2008)  The concept of foreclosure investment has gained raid acceptance in the United States in the recent time. In order to make the most out of the deal, Understanding Foreclosures process is a must for investors. Having a thorough knowledge of the foreclosure process is necessary because it would assist you in the decision making process and to make the most out of the money you have .. (Foreclosures)

The Art of Negotiation in a Short Sale

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 J. Voss (April 09, 2008)  You've found a great real estate investment to purchase, signed on with the homeowners and gotten all of your information in order. All that's needed is to approach the bank with a short sale offer and close the deal right? Maybe not. There is an art to negotiation in the real estate investment industry. Negotiating a short sale isn't simply approaching the bank with your packet of .. (Foreclosures)

Undesirable Property in Post-Foreclosure Can Be Your Most Profitable Sale

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 J. Voss (April 07, 2008)  We love the ugly and awful. ~Andy Heller There are all kinds in real estate investment. All kinds of real estate investors, all kinds of deals and all kinds of property to make a deal on. You'll definitely find that having all kinds in this business makes for a great amount of variety and plenty of opportunity for earning profits. There are three basic ways to make a profitable deal in . (Foreclosures)

To Stop House Foreclosure or Not?

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 Aubrey Clark (April 07, 2008)  It’s an epidemic that hasn’t been seen since the great depression; houses are being foreclosed at three times the normal rate in some counties across America. As a result of this sudden rise in foreclosures a new type of business has sprung up within the real estate market called the “short sell. ” If you are considering bankruptcy or foreclosure it is extremely .. (Foreclosures)

Timeline for Foreclosure - How Much Time You Have To Save Your Home Depends on Your State Laws

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 Stacy Fox (March 31, 2008)  The timeline for foreclosure depends on the laws of your individual state. For instance, foreclosures can occur as quickly as 30 days in Alabama and take up to 10 months in Deleware. This article gives you the approximate timeline for foreclosure in each state. Alabama - 30-60 days Alaska - 90 days Arizona - 90 days Arkansas - 120 days California - 120 days Colorado - 60 -180 days .. (Foreclosures)

Timeline for Foreclosure - A Day By Day Overview

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 Stacy Fox (March 31, 2008)  The timeline for foreclosure varies from state to state, but this guide gives you a general day by day overview of the foreclosure process. On day one of the timeline for foreclosure, you miss a mortgage payment. Maybe it's the first payment you've missed. Maybe it's the fourth. In any case, this is the missed payment that triggers the foreclosure process to start. On day 16, you get .. (Foreclosures)

What Happens After Foreclosure Depends on What You Do Today

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 Stacy Fox (March 30, 2008)  What happens after foreclosure depends on what you do today. You see, the three deadly sins of the credit report world are foreclosure, bankruptcy, and eviction. All too often, people facing foreclosure end up with all three on their record. In an extremely bad situation, what happens after foreclosure is that the ex-homeowner stays in the home forcing the new buyer to file an eviction . (Foreclosures)

Foreclosure Refinancing - A Variety of Options

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 Stacy Fox (March 27, 2008)  Foreclosure refinancing falls into several camps. Depending on your financial situation, you have several options. First, if you got behind on your mortgage due to some external situation which has resolved (ie. loss of job, medical problem, etc. ), you can sometimes convince the bank that they should refinance the amount past due and allow you to pay it over a short period of time. .. (Foreclosures)

Walk Away From Mortgage - When Is It A Good Idea?

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 Stacy Fox (March 27, 2008)  When you walk away from mortgage debt, you avoid many negative marks on your credit. Yes, you read that right, you may actually avoid bad credit. When you try to save your home, you may find yourself missing other payments such as not paying your credit card bill, in an attempt to satisfy the bank. Missing multiple payments on a credit card can actually be worse than having a .. (Foreclosures)

Which Is Worse Foreclosure or Bankruptcy? The Pros And Cons

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 Stacy Fox (March 27, 2008)  You see, making a decision about which path to pursue depends on your evaluation of your individual situation. Bankruptcy: Pros: Chapter 7 Eliminates Debt and allows you to keep any equity in your home. If your problem is primarily consumer debt, this may be the best option for you - if you qualify. Chapter 13 restructures debt allowing you to pay off the amount in a way that makes .. (Foreclosures)

Which Is Worse - Bankruptcy or Foreclosure? It Depends on Your Financial Goals

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 Stacy Fox (March 27, 2008)  The answer to that lies in figuring out what your long-term financial goals are. If your primary objective is to stay in your house, bankruptcy provides a mechanism for many homeowners to do so. Because you eliminate much of your debt in a Chapter 7 bankruptcy and are able to create a modification of debt in a Chapter 13, you may find that you have the resources to keep your home. .. (Foreclosures)

Tips To Avoid Foreclosure

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 Pauline Go (March 27, 2008)  Being the owner of a home is a dream that every American cherishes. With mortgage home loans, it is now possible to realize this dream. However, steadily increasing interest rates have made life miserable for many adjustable-rate home loan borrowers as they are unable to meet their monthly payments. As a result, millions of homeowners are now facing the risk of foreclosure. Listed .. (Foreclosures)

Stop Foreclosure in Texas with a 401k Loan

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 Stacy Fox (March 26, 2008)  Do you know how to stop foreclosure in Texas without bankruptcy? If you're trying to preserve your credit and save your home, the answer may lie in your 401k account. A 401k loan can stop foreclosure in Texas. You can raise cash by tapping your 401k or your IRA, but if you do so, you will pay heavy penalties on top of the regular income tax. A 401k loan allows you to access the money . (Foreclosures)

Stop Foreclosure in Texas - Working With a Short Sale Investor

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 Stacy Fox (March 26, 2008)  Sometimes, if you want to stop foreclosure in Texas, the best solution is to work with a short sale investor. In a short sale, the investor works with the lender to come up with a price that the bank will accept for the property. If negotiated properly, a short sale will include a no deficiency clause for the homeowner. Insist on it if you are approached by an investor. The theory .. (Foreclosures)

Stop Foreclosure in Texas - State Law and the Future of Your Home

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 Stacy Fox (March 26, 2008)  To stop foreclosure in Texas, you've got to act fast. That's because neither state law nor time is on your side. In fact, Texas is one of the harshest places to be a distressed homeowner. Here's why: Texas offers the option of non-judicial foreclosure. That means the lender doesn't even have to hold a court hearing where he presents proof and you have the right to challenge it. .. (Foreclosures)

Stop Foreclosure in Texas and Sell Your Home Fast

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 Stacy Fox (March 26, 2008)  If you want to stop foreclosure in Texas, you must act fast. That's because Texas has the least forgiving foreclosure laws out of all the states in the U. S. Under Texas law, if you miss a single mortgage payment, the bank can call the entire loan due immediately. In most other states, the homeowner has the right to “get caught up" paying only the deficiency. But that's not the .. (Foreclosures)

Understanding Foreclosure in Michigan - A Guide for Distressed Homeowners

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 Stacy Fox (March 26, 2008)  Understanding foreclosure is an important kind of knowledge for any distressed homeowner. This article examines the foreclosure process in Michigan. When a Michigan homeowner stops making mortgage payments, he or she can go into foreclosure. Understanding foreclosure in Michigan means knowing the specific laws which govern real estate in the wolverine state. In general, the .. (Foreclosures)

Understanding Foreclosure in Texas - A Guide to for Distressed Homeowner

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 Stacy Fox (March 26, 2008)  When a Texas homeowner stops making mortgage payments, he can go into foreclosure. Understanding foreclosure in Texas means knowing the specific laws which govern real estate in the Lone Star state. There is a general process that a foreclosure goes through: 1. Homeowner misses payments 2. Notice given to homeowner that foreclosure is in process 3. Time to cure debt 4. Court or other .. (Foreclosures)




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