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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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Focus on What You Can Control to Stop Mortgage Foreclosure

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 Jill Borash (December 12, 2008)  There are many things that you cannot control in your foreclosure process but the key to being able to stop mortgage foreclosure is to focus on what you can control instead of what you cannot. Part of the key here is understanding what is in your control and what is not. What You Cannot Control You cannot change who your mortgage company is. You are dealing with who you are dealing .. (Foreclosures)

Government Tax Foreclosures - Auction Sales

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 Kevin Simpson (December 12, 2008)  Government Tax foreclosures occur when the government has been unable to collect tax from a homeowner. This could be personal tax and or property taxes. The back taxes are then collected by taking a lien over the property of the home owner's mortgage and if the home owner still cannot pay the taxed the property is foreclosed on by the IRS. An IRS lien over a mortgage takes precedence .. (Foreclosures)

The Difference Between Foreclosure Homes and Short Sale Homes

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 Karen Bellas (December 12, 2008)  Statistically, foreclosures and short sales have engulfed the housing market as homeowners earnestly look for ways to assuage their own financial hardships. As jobs are lost and hours are curbed, many people at a loss and wonder if the right plan of action is to sell or surrender their home. The first thing to study is the distinctions between a foreclosure and a short sale, considering . (Foreclosures)

Foreclosure - How to Fight It

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 Julia Vakulenko (December 12, 2008)  In these harsh economic times, many people face the risk foreclosure directly because of financial difficulties they face. If one finds oneself among such individuals, it is high time that one understood the foreclosure process since this could serve as protection from this unfortunate occurrence. The most frightening issue that pertains to foreclosure is living in ignorance on the .. (Foreclosures)

Investing in Properties Under Tax Foreclosure Could Be Profitable - Plan it Right From the Beginning

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 Adam M Rise (December 12, 2008)  While generally the atmosphere in the world's financial markets seems to be quite gloomy, an opportunity to make money in investments in tax liens is surfacing. Investing in a property from the list of those under tax foreclosure is profitable, because you can get it cheap and sell it later at a good price and make a good profit from it. This kind of investment is also safe as the .. (Foreclosures)

Tax Foreclosures - Finding Properties in Foreclosure For Investment

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 Adam M Rise (December 12, 2008)  The real estate slump now ongoing in the country can be a good opportunity to buy real estate properties, especially houses that are on tax foreclosure. At this time you can most likely buy the properties for resale later at very cheap prices and because of this you could make a good profit from the business. You just have to exert much effort and patience in your search for the .. (Foreclosures)

Investments in Properties Under Tax Foreclosure - The Good Side and Drawbacks That You Should Know

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 Adam M Rise (December 12, 2008)  Investments in tax foreclosure cases have much higher rates of return compared to the other types of investments and because of this, many people are enticed to put their money in this venture. They are also considered as among the safest investments because of the guarantee which is assured the investor. Many states in the country, in a desire to increase the number of bidders for the . (Foreclosures)

Selling Procedures of Properties on Tax Foreclosure - The Different Methods

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 Adam M Rise (December 12, 2008)  The government often sells properties that it has acquired through tax foreclosure to parties who are interested in acquiring them. Homeowners who fail to meet their tax obligations lose their homes to the government, who must sell them in proceedings called tax foreclosure sales (or tax deed sales) in order to recover the taxes that the original homeowners have to pay. In selling .. (Foreclosures)

Facts an Investor in Tax Foreclosures and Liens Should Know - To Avoid Costly Mistakes

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 Adam M Rise (December 12, 2008)  A tax foreclosure is unfortunate for homeowners who stand to lose their properties due to their inability to settle their tax obligations to the government. These can happen if people lose their jobs and have no other source of income to pay their property taxes. But while a tax foreclosure maybe a nightmare to the homeowners, the properties and tax liens become attractive investment .. (Foreclosures)

How to Avoid a Tax Foreclosure - Ways You Can Resort To Without Losing Your Home

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 Adam M Rise (December 12, 2008)  It can happen that you will have financial problems and you will find difficulty in paying your property taxes. If you cannot resolve the problem, the government will likely place a tax lien on your property and the next thing that might happen to it is it gets included in the list of properties under tax foreclosure. Before you lose your home and it becomes a tax foreclosure case, .. (Foreclosures)

Business Arising From Tax Foreclosure

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 Adam M Rise (December 12, 2008)  A tax lien is normally used by government against tax defaulters to compel them to settle their accounts, or to make some amounts possible from those taxpayers who do not pay at all. The liens on properties in the lists of tax foreclosure can be sold to investors who find the liens quite profitable to invest their money in. The government can place a tax lien on a person who fails to .. (Foreclosures)

Foreclosure Houses For Sale

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 Kevin Simpson (December 11, 2008)  Nowadays, buying a house in the United States can be a really big adventure. Prices of real estates continue on increasing and to buy a new house is a luxury for some people. This is where the problem of foreclosure houses for sale starts from. Some people do not realize the difficulties that they could face when buying a house and establishing a mortgage loan much higher than their .. (Foreclosures)

Loan Modification Process - Stop Foreclosure by Obtaining a Loan Modification

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 Igor Mosyak (December 11, 2008)  There is a new streamlined loan modification process that can help hundreds of thousands of homeowners who are currently at risk of foreclosure. For most homeowners, it is preferable to have the assistance of a professional foreclosure consultant in dealing with the entire loss mitigation process. Foreclosure consultants deal with loss mitigation specialists every day and have no .. (Foreclosures)

Loan Modification Process - Understanding the Key Elements of How to Stop Foreclosure

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 Igor Mosyak (December 11, 2008)  The loan modification process can assist homeowners who are at risk of foreclosure to stay in the homes that they love. If you are experiencing temporary financial hardship and have fallen behind on your mortgage payments, then you need to understand the options that are available to you and your family. Talking with a professional foreclosure consultant can help you to understand your .. (Foreclosures)

Foreclosure Bill - Passed Into Law

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 Kevin Simpson (December 11, 2008)  Legislation sponsored by Chairman of Assembly Banking, Darryl Towns, Governor David Patterson, and a number of other Assemblymen and Senate leaders has been passed into law. This foreclosure bill is designed to prevent people from losing their homes by providing a mandate to avoid crisis of a similar nature in the future. The foreclosure bill takes into cognizance the value of having .. (Foreclosures)

Will Fannie Mae Or Freddie Mac Modify Your Mortgage to Avoid Foreclosure?

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 Nick Adama (December 11, 2008)  With all of the talk about the US Treasury bailing out the financial industry and now potentially the auto industry, everyone has seemed to forgotten the actual homeowners who are suffering from foreclosure. Simply stealing from Americans to paper over losses at large corporations does not address the disastrous monetary policy the government has been engaged in for years. But can we .. (Foreclosures)

File a Motion to Dismiss the Foreclosure Lawsuit to Get More Time to Save Your Home

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 Nick Adama (December 11, 2008)  Once homeowners fall behind on their payments by a few months, the bank will inevitably begin the process of filing foreclosure paperwork. In states where the lender must (or usually does) go to court to be able to have the home auctioned, a lawsuit is filed against the owners. This is when the clock starts really ticking against borrowers, who must file an answer to the bank's lawsuit, . (Foreclosures)

Defending Foreclosure in Court - What is Your Objective?

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 Nick Adama (December 11, 2008)  Homeowners are encouraged to begin learning about how the legal process of foreclosure works and what role the courts play in forcing the loss of a home. Although there are good arguments that the government does not have any authority to take away someone's home, the sad truth is that it will if the owners do not defend their home vigorously in court. But the tactic borrowers use to .. (Foreclosures)

Foreclosed HUD Homes

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 Kevin Simpson (November 11, 2008)  Foreclosed HUD Homes have been popular in the recent past as they are available at much lower rates than the actual market price. Particulars on Foreclosed HUD Homes Foreclosed HUD Homes are a result of the defaulted Housing loans by borrowers which are foreclosed and sold in public auction. The Federal Government has several options for financing under which the HUD (Housing Urban .. (Foreclosures)

Tax Foreclosure Homes A Guide For Investors

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 Kevin Simpson (November 11, 2008)  Investing in real estate in the form of tax foreclosure homes cannot necessarily only be conducted by experts in the field. There is a great deal of expert advice available, just bear in mind that rewards follow risks and be prepared to take educated risks. It would be foolish to go at it like a bull in a china shop without any previous knowledge so be prepared to do some homework, and .. (Foreclosures)

Bank Owned Foreclosures How to Find Out About Non Performing Assets

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 Kevin Simpson (November 11, 2008)  The purchase of bank owned foreclosures for investment purposes has become a very popular way for creating residual income. People who have disposable income are taking advantage of these techniques and are becoming very wealthy in the process. Bank owned foreclosures means that a lender has taken steps to foreclose on the mortgage because of failure on the part of the borrower to meet . (Foreclosures)

Reasons For Countrywide Bank Foreclosures

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 Kevin Simpson (November 11, 2008)  Foreclosures have always been a serious problem for most homeowners and lenders which results in the cumbersome process of loan recovery through auction sale. Countrywide Bank Foreclosures are on the rise which is a result of various factors like divorce, unemployment, financial crisis and rising interest rates. The Homeowners are defaulting rapidly owing to the financial crunch and .. (Foreclosures)

What is a Mortgage Loan Modification?

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 Dan A. Mason (November 10, 2008)  A mortgage loan modification is not a refinance. A reputable mortgage loan modification company can work with your existing lender to give you more favorable terms that will allow you to keep your home. The most common modifications are: lowering the interest rate and payment reducing the principal balance converting an adjustable rate to a fixed rate forgiveness of missed payments .. (Foreclosures)

Property Auctions Vs Traditional Real Estate Purchases

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 Kevin Simpson (November 10, 2008)  Property auctions take place after a property has been placed in foreclosure by a bank, lender or government agency. These properties have been places in foreclosure due to the fact that the owner has been unable to meet the repayment demand of his mortgage, his tax bill, has committed a federal offence and a variety of other less consequential factors. One of the most enticing factors . (Foreclosures)

Foreclosed Home

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 Kevin Simpson (November 10, 2008)  Foreclosed Home is a situation when the borrower of the loan defaults on the payment of loan and after repeated reminders from the lender is unable to pay off. This results in the lender foreclosing the loan and selling the property in public auction to recover the loan amount. There are certain rules to Foreclosed Home which have to be followed by the lender in these cases which are .. (Foreclosures)

Real Estate Foreclosure in There Different Forms

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 Kevin Simpson (November 10, 2008)  Real estate foreclosure is the process when the property is set for public auction by the concerned financial institution and bank due to non-payment of the mortgage amount or the house taxes by the owner of the house. The failure can be due loss of wages, loss in business or uncertain demise. The foreclosure property may include VA, HUD, FHA, commercial property and distressed .. (Foreclosures)

Make Easy Money Selling Foreclosure Listings - Big Bucks in Real Estate

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 Richard Essex (November 07, 2008)  The real people making the money on the Internet boom were the people selling the domains. This is to say that for any good business opportunity, you can make a business helping them to succeed in that business. Do people want to look for buried treasure? If so, then sell them maps. Do people want to travel around the world? Sell them luggage. Do people want to make millions with .. (Foreclosures)

Tax Foreclosure Sales From IRS Liens

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 Kevin Simpson (November 07, 2008)  Presently the real estate market is in a pretty bad way, this falls in line with the fact that there is a financial crisis in the US. Not to say that anywhere in the world is any different and world markets are all suffering a credit crunch. When this kind of financial situation exists generally one of the most immediate markets to suffer is the real estate market. People can no longer . (Foreclosures)

Learn How to Stop a Foreclosure

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 Alfred Sant (November 07, 2008)  "There is no end in sight" That is the way Ali Velshi from CNN put it last week. “The housing market created this financial crisis and is not improving" Said Susan, the CNN Stock Market correspondent, this morning, and the bad news keeps coming. People are going to keep loosing their homes for many months to come, and in turn house prices are going to keep coming down. This is .. (Foreclosures)

Bank Owned Foreclosures - How to Take Advantage of Them

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 Michael Geoffrey (November 07, 2008)  More than ever in times past, banks are foreclosing on people's homes. This is occurring as a result of so many people borrowing money from those same banks in order to purchase a home. However, those individuals later find themselves unable to continue paying their home mortgage payments and the bank thus takes their home from them. The bank does this so that they can resell the house .. (Foreclosures)

How Much Time Between the Foreclosure Lawsuit and the Sheriff's Auction?

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 Nick Adama (November 07, 2008)  The length of time between an initial foreclosure notice and the sheriff sale of the property depends on a number of factors, including the homeowners’ state, the severity of the foreclosure crisis in the area, and how the borrowers respond to the bank's lawsuit. Some owners may have just a few months to find a solution, while others have more than six months between the time of .. (Foreclosures)

Deficiency Judgments After Foreclosure - Do Banks Really Sue For Them?

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 Nick Adama (November 07, 2008)  Homeowners facing foreclosure are often concerned that the auction of their property will not be the end of their financial and legal worries. The threat of a deficiency judgment being initiated by the lender after the sheriff sale is always being raised by foreclosure consultants, attorneys, and representatives of the bank trying to wring more money out of borrowers. But finding actual . (Foreclosures)

Tips Buying Foreclosures - These Tips Are Worth Looking At

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 Reese Evans (November 07, 2008)  If you've been listening and reading about ways to make money in real estate, you have no doubt heard that you can get great deals by buying foreclosures. As with any good thing, there are bad. Sometimes foreclosures are not the great be all that you hear people talking about. Inform yourself and be aware of some of the disadvantages to buying foreclosures. Following are some tips for .. (Foreclosures)

Government Tax Foreclosure Houses Provide Valuable Investment Opportunities

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 Kevin Simpson (November 06, 2008)  The present real estate market offers valuable investment opportunities for many people looking for a good deal and strong return on investment. Government tax foreclosure houses are available in abundance, and when there is an abundance of any commodity, it is generally true that reduced prices can be found. Government tax foreclosure houses are properties that have been foreclosed .. (Foreclosures)

Finding Foreclosed Homes

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 Kevin Simpson (November 06, 2008)  Foreclosure occurs when the borrower or homeowner fails to discharge his liabilities under the installment cycle or as taxes being paid to the state government. The lender or government authorities in these cases opt for foreclosure of the loan and list the property on various websites for sale in auction. The main motive behind the sale is recovery of outstanding debt by the lender and . (Foreclosures)

Government Help For Foreclosures

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 Kevin Simpson (November 06, 2008)  Foreclosures are the biggest financial problems in U. S. and have led the real estate market to crash badly while raising questions on the liquidity scenario in the economy. The banks initiate the foreclosure when the borrower is not able to pay the monthly installments. The banks in order to escape the NPA's, auctions the property for recovering the loan. This abrupt sale by the banks .. (Foreclosures)

Rehabbing & Flipping Foreclosures-PreForeclosures, Not Having a Home Inspection Will Cost You Money

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 Linda Duclos (November 06, 2008)  Whenever you buy a home, you should consider having an inspection.  Even a new house can have problems.  Unfortunately, they just aren't building them like they used to.  Too often today, pride in workmanship is an unknown or infrequent quality.   I have heard of new homes that had serious mold issues - like mushrooms growing in the carpet (really, I'm serious), major structural .. (Foreclosures)

Damage to a House After Foreclosure - Who is Responsible to Clean it Up?

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 Nick Adama (November 06, 2008)  When buyers purchase a foreclosure home, they should not be surprised if the house is damaged or in a state of disrepair. Even if previous owners did not cause any damage, banks do not take care of properties while they have possession, which means that the condition may deteriorate rapidly. But purchasers often have no one to hold accountable for damage to the house, as the bank .. (Foreclosures)

Would a Total Financial Collapse Mean No More Foreclosures?

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 Nick Adama (November 06, 2008)  With the way the economy has been going for the past few months and the rising number of failed banks, it may seem that the only relief homeowners may get from a pending foreclosure is if their bank goes out of business or the entire financial system collapses. But while this may help some borrowers avoid paying their debts for a while, in the end, the banks and government will work .. (Foreclosures)

The Definition of Foreclosure

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 Guy Starbuck (November 06, 2008)  When money is borrowed to buy a house or any other sort of property for residential or even commercial purposes, a loan is usually what has been taken out in order to make the said purchase. Such a mortgage loan comes with an obligation to make certain amounts in monthly repayments over a period of years. The most common amount of years, is the 30 year period, however alternative .. (Foreclosures)

How to Handle Foreclosure

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 Guy Starbuck (November 06, 2008)  Foreclosure tends to affect a business negatively and it makes such a business unappealing to future lenders. For such lenders, repossessing a delinquent property is an arduous and costly task and the average foreclosure may cost a lender as much as $58,000 only in fees. Banks and mortgage companies are in business so they can make money through the loans they offer and not real estate. . (Foreclosures)

How Do Foreclosures Affect Your Credit?

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 Dr. Jennifer Baxt, DMFT (November 06, 2008)  Right now, millions of people are going through the pain of foreclosure as the sub-prime mortgage crisis sweeps across the United States. As a result, those millions of people will learn first hand what can happen to their credit score when a foreclosure is put on it. When a foreclosure happens, it means that the homeowner can no longer make payments on their loan. The property is then . (Foreclosures)

Foreclosure Process Explained

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 James Rowe (November 06, 2008)  Lets start this article by providing a brief explanation of what Foreclosure actually is before trying to explain the Foreclosure process. Foreclosure is a process that is instigated when borrowers (typically you and I) are unable to consistently pay back the required mortgage payments to the bank or organisation that lent the money in the first place. As the value of the property is .. (Foreclosures)

Foreclosure Listing Services - What to Look Out For

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 Tom Noonan (November 06, 2008)  There are plenty of paid foreclosure listing services on the web today. To an inexperienced real estate investor, it is difficult to tell any of them apart. The nominal monthly fee seems reasonable if you actually find an undervalued foreclosure and make some big bucks flipping it. For example, if you find just one undervalued property and score a deal that puts an extra twenty grand in . (Foreclosures)

Homeowners Beware! What You Need to Know Before Choosing a Loan Modification Company

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 Paul Chavez (November 06, 2008)  A loan modification is when the lender modifies your current mortgage in order to work with you because of a hardship. The purpose is to help make your loan more affordable. Usually it is in the form of a rate reduction and conversion of an adjustable rate mortgage (ARM) to a fixed loan, typically a 30 year fixed. These days, it seems like everyone is purporting themselves to be a Loan . (Foreclosures)

How to Prevent Foreclosure & Save Your House Today

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 Rayson Sean (November 05, 2008)  In today's economy and housing crisis, undeniably many will face a lot of financial problems resulting in foreclosures of your investment homes or the house you're currently staying. Being in foreclose is really difficult and stressful experience. Even with the latest President Obama just took over the Presidency job, he's after all. . . not a magician and he can't change the US economy . (Foreclosures)

Homes For Sale - Real Estate Investing Today

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 Kevin Simpson (November 05, 2008)  Real estate investing, even in the real estate market of today, is still a way to ensure lasting financial security. It is a fast and safe method of wealth creation and buying foreclosed homes for sale has always been a popular investment method. Homes for sale due to foreclosures are at an all time high that apparently has not been seen in the past thirty years. Foreclosed homes for .. (Foreclosures)

Tips For Buyers of Real Estate Bank Foreclosures

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 Kevin Simpson (November 05, 2008)  Real Estate Bank Foreclosures are on the increase and so is the rate of purchase of foreclosed homes in the U. S. Almost all 50 states in the U. S. has Real Estate Bank Foreclosures mounting as the financial crisis has hit hard on the economy affecting most homeowner's financial budget. The defaulted loan cases by the banks for non payment of loans are put in foreclosures. Banks in the .. (Foreclosures)

Are Home Owners Still in Denial?

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 Margaret Almeida (November 05, 2008)  Come with me and you'll be in a world of pure imagination. Take a look and you'll see into your imagination. We'll begin with a spin traveling in the world of my creation. What we'll see will defy explanation. -Willy Wonka (Gene Wilder), “Pure Imagination" (1971) Your home is probably the largest investment you have made or ever will make during your life time. It is part of the .. (Foreclosures)

The Foreclosure Trifecta

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 Cindy Bishop (November 05, 2008)  Contrary to what many people believe, the traditional foreclosure sale which takes place on the courthouse steps is not the only way to buy foreclosed properties. There are several other ways to find excellent foreclosure deals including pre-foreclosure sales, sales of REO properties, and auctions. PRE-FORECLOSURES Many times, homeowners struggling to make their mortgage payments will .. (Foreclosures)




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