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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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REO Foreclosures Properties and How to Make Them Work For You

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 Cindy Bishop (November 05, 2008)  There are a number of foreclosure terms and situations in the real estate market that most people do not understand. It is not until a home owner is facing a distressed property or foreclosure that some of these terms surface. These terms not only affect home owners, but also potential buyers, mortgage companies and investors. By having a good understanding of the foreclosure process .. (Foreclosures)

Who Benefits From a Successful Loan Modification?

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 Krista Scruggs (November 05, 2008)  A successful loan mod changes a mortgage customer’s loan in such a manner that it becomes affordable and the home owner will not have to fear foreclosure on his property. In the case of adjustable rate mortgages that are adjusting upward and are threatening to leave a homeowner out in the cold, a simple switch to a fixed rate mortgage at the current market rate might be all that .. (Foreclosures)

Loan Modifications Are a Mixed Benefit For Lenders

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 Krista Scruggs (November 05, 2008)  Looking for a solution to the mortgage crisis and the disaster that was caused by the subprime mortgage blowup, governmental agencies as well as lenders have discovered that loan modifications are perhaps offering the best possible solution for the bank as well as the consumer. For lenders, however, loan mods are a mixed benefit. The guidelines set forth are fuzzy and even though there . (Foreclosures)

Avoid Foreclosure - Prevent Foreclosure Tips

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 Jason A Scott (November 05, 2008)  Avoid Foreclosure With Help Trying to avoid foreclosure can be a gigantic problem for those people who are in that situation. If they could only prevent foreclosure from happening, I know they would. Well, now there's good news. There are companies that boasts the ability to help you avoid foreclosure. Okay, where do you start? The market for foreclosure companies is almost .. (Foreclosures)

Where Are Good Foreclosure Listings Found?

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 Lee Keyes (November 05, 2008)  There are foreclosure listings available from many sources. You can even download free foreclosure listings online from various locations. But these listings have generally already been picked over before you ever see them. Some of these free listings are old listings. They may have been around for weeks or even months, rendering them all but useless. Once a list has been around for a .. (Foreclosures)

Stop Home Foreclosure Today

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 Tom Noonan (November 05, 2008)  By reading this article, we can assume that your house is in the process of being foreclosed or you are soon to be in that process. If you are facing foreclosure, we know that there is a good chance you will want to stop foreclosure. A lot of the time, people who are facing something like this will do nothing and just hope that it all works out. Others just give up completely and decide . (Foreclosures)

Options to Save Your Home From Foreclosure

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 Shawn Hutchison (November 05, 2008)  These 6 options can stop foreclosure, and get you back on track. Reinstatement - when lender accepts a lump sum by a specific date to stop the foreclosure; the money may come from a hiring bonus, investment, insurance settlement, a tax refund, or some other source. Loan Forbearance - this option often combined with a reinstatement; when your payments are reduced or suspended for a .. (Foreclosures)

Mortgage Rescue Rip-off - One Family's Experience

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 Christine Loschiavo (November 05, 2008)  One Family’s Experience with Mortgage Foreclosure “Rescue” Schemes Paul and Sharon of Chandler, Arizona, were in a tight spot. Paul, an engineer, had been laid off from his job at a Semi-conductor plant in May. Sharon, a stay-at-home mother of three, thought she was used to the ups and downs of the job market in his field. They were in the habit of saving as much as .. (Foreclosures)

How to Negotiate a Short Sale Yourself to Save Your Credit

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 Shawn Hutchison (November 05, 2008)  The first step is to 'buy’ yourself as much time as possible. If you have already been ‘served papers', or given notice that your lender is going to initiate a foreclosure, you must respond to the ‘summons’ with a written response stating that you don't agree with the lender's position to do so. This will slow the legal processing of the case. If you are not .. (Foreclosures)

Master the BPO For a Successful Short Sale

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 Shawn Hutchison (November 05, 2008)  Work the BPO for a Successful Short Sale Approval: Schedule the meeting with the appraiser/realtor to do the BPO. The BPO is the “Broker's Price Opinion"; and sometimes a real estate broker values the property and sometimes it's an actual appraiser. Your lender will decide who does this. Prepare for the BPO. Your job is to make your house look as ‘worthless’ and as . (Foreclosures)

Financial Obligations and Liabilities of Short Sales

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 Shawn Hutchison (November 05, 2008)  The short sale process will take between 2 months and 1 year, depending on the lender and will take you more than 40 hours from start to finish. So shouldn't you be sure that this is the right decision? Every lender is different and some have policies that require a promissory note which requires you to pay back a portion of the forgiven debt in monthly installments over several years. .. (Foreclosures)

How to Win When Challenging Mortgage Foreclosures

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 Kyle Ransom (November 04, 2008)  Many homeowners who are facing foreclosure may not realize that they have options to prevent losing their homes by challenging the rights to foreclose by the lender. Recent legislation has been passed to address the massive foreclosure crisis. However, it is still not clear how the Government will be able to assist homeowners in danger of having their American homeownership dream lost .. (Foreclosures)

Facing Foreclosure? Here Are Things You Can Do to Avoid a Financial Catastrophe!

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 Whitney A Smith (November 04, 2008)  As anyone who reads the newspapers or watches the news can tell you, home foreclosures are a huge problem that is getting bigger every day. Because so many homeowners are behind in their mortgage payments, lenders are becoming less tolerant of missed payments. Indeed, a homeowner may face foreclosure or losing his home to a sheriff sale after missing only two or three monthly mortgage .. (Foreclosures)

The Sub-Crime Mortgage Crisis - It's Time to Stop Sugar Coating the Sub-Prime Fiasco!

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 Cate Milne (November 04, 2008)  Should we all be punished for the crimes committed by the big banking industry? Let's all call a spade a spade - it's not a sub-prime problem but “The Sub-Crime Crisis". No other solution to “The Sub-Crime" mortgage meltdown will eliminate all the long term ramifications for the folks in foreclosure and a notice of default. But there is a true resolution that addresses all .. (Foreclosures)

Foreclosure - Opportunity Or Hype

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 Anita Koppens (November 04, 2008)  You've seen the TV advertisements and read the classifieds on the simplicity of purchasing a foreclosed home, but are you certain that it is as simple as it sounds? No matter what the situation may be, it is important that you understand the process of purchasing a home. This is particularly true with foreclosures, since these properties are often presented as less pricey and as simpler . (Foreclosures)

The Different Types of Foreclosure

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 Guy Starbuck (November 04, 2008)  Home foreclosures are a regular occurrence. It usually starts off with the loss of a job, financial problems, a sick family member or any other sort of problem which impacts on a homeowner financially and keeps them behind on their mortgage and home payments. A lot of lenders have the legal power to foreclose on a property with even a single missed payment, however most wait for a long .. (Foreclosures)

A Newly Found Haven in Foreclosed Homes For Sale

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 Alan Katz (November 04, 2008)  There are times when you think of buying a new home as a haven for you and your family. However, there are also times when you think twice about such notion due to the high costs of the available homes nowadays. Thus, you tend to drop the idea of buying a home for your family. But don't you think it's a weakling's act of being discouraged by the high costs of home? Hence, what you need .. (Foreclosures)

Stop House Foreclosure the Day Before Your Sale Date

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 Jill Borash (November 04, 2008)  Surprisingly, in some states, you can stop house foreclosure up until the day before your house is sold at the sheriff's sale. How can you do this? Many states have what is called a right to cure. A right to cure is essentially a right to cure the loan. What does that mean? It means that you have the right to get the loan current with your bank. This means that you will need to pay all . (Foreclosures)

Free Foreclosure Homes?

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 Kevin Simpson (October 31, 2008)  Actually this is a misnomer, there is no such thing as free foreclosure homes. Think about it logically no one in their right mind would give away a foreclosure home for free!!! Banks, lenders and government who have thousands of foreclosure homes on their inventories want to recover at least some of the losses they have made on these homes. However if you add a few more words to the .. (Foreclosures)

The Checks and Balances of Foreclosure Reporting

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 Chris Sopaz (October 31, 2008)  As mentioned in previous articles, the need for comparison as it relates to differing foreclosure listing companies is imperative. Because the figures issued by foreclosure listing services all vary, the need to compare figures with competing companies acts similar to a checks and balances system. Because there is no official, absolute foreclosure data, there must be a way to compare .. (Foreclosures)

Bank Owned Properties - Residential and Commercial

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 Kevin Simpson (October 30, 2008)  In many instances investors play it safe when purchasing bank owned properties, whether residential or commercial. The chief factor for any investor in either of these property markets is making a profit. So you want to go in low and come out high! Because there are so many bank owned properties available in both the residential and commercial sector, it is highly probable that with the . (Foreclosures)

Ways to Stop Foreclosure and Online Help

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 Kevin Simpson (October 30, 2008)  Foreclosure is a process in which all the privileges and rights of a home owner are ceased. This termination occurs due to the reason, when a homeowner is not able to make the payments of his mortgage loan, the security interest is forfeited by the lending institution. In some states, it is already mentioned in the agreement that on the first or second non payment, the lending .. (Foreclosures)

Basics of the Foreclosure Process

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 Kevin Simpson (October 30, 2008)  The foreclosure process is different in different states as every state has different foreclosure laws. But there are general proceedings of every process and so is of foreclosure. Whenever homeowner is unable to pay the due loan amount then the lenders usually give them a grace period for paying the missed installment with additional fee. But after so many missed installments the .. (Foreclosures)

Top Ten Reasons to Avoid Losing Your Home to Foreclosure

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 Nick Adama (October 30, 2008)  There are thousands of reasons to avoid foreclosure, but here are the top 10 reasons that homeowners may not have considered yet when debating whether to fight to keep their property, or simply give up and move away. Number 10 Moving to a new home will be too far from work. Many people purchase their home because of its close proximity to where they work. After foreclosure, it is very .. (Foreclosures)

Repossessed Properties Auction Guide

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 Mark Walters (October 30, 2008)  The U. S.inventory of repossessed properties is growing daily by the thousands and auctions could put big dollars into your pockets. Banks and lenders are dumping foreclosed homes as quickly as possible through real estate auctions. The good news for real estate investors and the everyday home buyer is that anyone can track and purchase property either in person at the auction or .. (Foreclosures)

I Am Falling and I Fear I Can't Get Up

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 Anthony Petrucci (October 30, 2008)  You are not alone. In today's pending economic crisis this is the feeling of many Americans. Many came into what they felt was the acquisition of the “American Dream" which meant home ownership, a car, and a white picket fence (or whatever your preference). Inflated appraisals on homes, sub-prime loans and variable loans that inflated faster than the homeowner could have foreseen .. (Foreclosures)

Online Availability For Cheap Homes

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 Kevin Simpson (October 30, 2008)  Cheap Homes are desired by all individuals and buyers across U. S. as the U. S. housing market surges. The main reason for opting for foreclosed homes by buyers and investors of real estate is the discount involved in the price of the property which is around 10 to 20 % than the prevalent market price. Numerous options can be checked for searching cheap homes which include bank .. (Foreclosures)

Cash is King in Las Vegas Foreclosures

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 Glenn Plantone (October 30, 2008)  Over the last 5 years I have sold a lot of real estate in many different markets nationwide. In 2003 droves of investors came into the Las Vegas market and purchased single family homes and condos. In 2004 the scene repeated itself in the Phoenix market. In 2005 markets like Albuquerque and Austin had a large amount of investors snatch up new construction homes. In 2006 the Carolinas .. (Foreclosures)

Sometimes the Best Home Foreclosure Help is Preventive Measures

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 Jeff Glasser (October 29, 2008)  Foreclosure is an ugly word no matter how you say it and as someone who has come to the brink of foreclosure and survived, I can give you some help that may just help you keep your home. Remember that mortgage foreclosure help is not all encompassing and that every situation is different, however I found that following a few simple steps of basic home foreclosure help allowed me to keep . (Foreclosures)

Some Common Misconceptions About HUD Foreclosure Help

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 Jeff Glasser (October 29, 2008)  Some people put way too much faith in the government and have created these false notions in their minds about exactly how much service the government will offer in any given situation. With the growing foreclosure crisis, and the increasing news coverage regarding the government's proposed involvement in bailing out troubled borrowers, many people are developing misconceptions about .. (Foreclosures)

Strategies and Tips For Buying at Government Auctions

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 Kevin Simpson (October 29, 2008)  There are many government agencies selling foreclosed homes to the public. Government foreclosures on properties can be for one or more of a variety of reasons. Generally speaking the most prevalent reasons for foreclosure are the inability to make mortgage payments and the non payment of Federal, state and local taxes or all three of these. However the government is also able to .. (Foreclosures)

Loan Modification Choices - Things You Need to Know

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 Frank Collins (October 29, 2008)  A Home Loan Modification is an offer to make a permanent change in the borrowers mortgage terms which is normally involves a rate modification. To find out if you qualify or how to get help on a mortgage loan modification there are plenty of attorneys and loan modification companies to help consumers. To determine if you are eligible the legal representative will request certain .. (Foreclosures)

The Forgotten Victims of Foreclosure

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 Julia Vakulenko (October 29, 2008)  With all the big words being used in television and media today like global financial crisis, greater depression, and economic fallout many people are focused more on the home foreclosures than they are the forgotten victims of home foreclosure. Homeowners who have pets are often forced to leave their pets behind when their homes are foreclosed on. These pets are forced into local .. (Foreclosures)

Foreclosures - Future Fortunes

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 Ted Thomas (October 29, 2008)  In this day and age it is more common to hear of a Foreclosure happening to a family you know, rather than a divorce or death. We are living in an economic kaleidoscope where every turn you make you see the same picture, just at a different angle. Gas prices are sky high, real estate is priced to sell, and people who have owned their homes for most of their lifetime are choosing to .. (Foreclosures)

Insight View on Tax Foreclosure Properties

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 Kevin Simpson (October 29, 2008)  Foreclosure is the legal process in which the creditor has the legal right to sell the immovable real estate of the credit defaulter while obtaining a legal notice from the court against the non-payment of outstanding dues by the debtor. This process is often known as order of termination because of the failure of payment of mortgage amount by the borrower. Tax foreclosure properties .. (Foreclosures)

Why Appraisers Do Not Use Foreclosure Homes As Comparable Sales

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 Nick Adama (October 29, 2008)  Appraisers use sales of homes that were made as arms-length transactions where neither the buyer was desperate to buy nor the seller was desperate to sell as a basis for comparing other similar properties in an area and estimating fair market values. A foreclosure property does not meet these criteria because of the nature of the legal process that the house is undergoing and the extra .. (Foreclosures)

Five Reasons You Should Consider a Deed in Lieu of Foreclosure to Save Your Home

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 Nick Adama (October 29, 2008)  For homeowners who are unable to keep their properties out of foreclosure or work out a solution with the lender, unloading the house may be the only option left. Selling on the open market or at a short sale, giving the bank a deed in lieu of foreclosure, and simply walking away are some alternatives that may be considered in such a situation. However, the deed in lieu may be one of .. (Foreclosures)

Steps in a Foreclosure Procedure

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 Jill Borash (October 29, 2008)  Before the foreclosure starts. To me, this is the most important step in the foreclosure procedure because here is where you have the greatest chance to save your home. It is at this stage of the game that your mortgage company will be calling you . . . a lot. They are trying to figure out what is going on with you and why you are not making your payments. They will be persistent at .. (Foreclosures)

Time Isn't of the Essence in the World of Foreclosures and Short Sales

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 Marki Lemons (October 29, 2008)  Everyday, I receive phone calls and emails from REALTORS® inquiring about the delays in the contracts they've presented on properties in foreclosure or an REO. REALTORS® are grounded in the belief that “Time is of the Essence. " This philosophy simply means that REALTORS® and their clients will perform within a time limit specified by a contract or within a reasonable time if .. (Foreclosures)

Foreclosures For Sale - How to Invest With Caution

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 Kevin Simpson (October 28, 2008)  In today's current economic climate, you only have to look in the newspaper or your local free real estate magazine to see that there are many thousand available; through all the states in the US. The foreclosure market has sky-rocketed in recent times due to the credit crunch, and increased interest rates have literally crippled the real estate market, putting many people out of their .. (Foreclosures)

Investing in Bank Foreclosed Homes

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 Kevin Simpson (October 28, 2008)  Bank Foreclosed Homes are default loan cases where the borrower is unable to pay the monthly liabilities and the banks has no option than to foreclose the loan and sell the property in public auction for recovering the outstanding debt. However, Bank Foreclosed Homes are the best investment opportunity for any first time buyer as he can avail discounted properties and save money. The .. (Foreclosures)

Buying Foreclosure Home Properties Considered a Business Decision

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 Jeff Glasser (October 28, 2008)  There are some people and companies that are in the practice of buying foreclosure home properties to help their own bottom line, and sometimes can actually help the homeowner who is losing their property. When they look into buying these properties they cannot look at the human aspect of the transaction as they are treating the transaction as a business venture. There may be a variety .. (Foreclosures)

Home Foreclosure Auction May Provide Significant Savings

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 Jeff Glasser (October 28, 2008)  There may be some misunderstanding about the deals that can be found on property at a home foreclosure auction, with some believing it is possible to get something for almost nothing. While it is true that many bargains on homes can be found, generally speaking not all properties will be sold dirt-cheap. During most sales at a home foreclosure auction there is a company that has a .. (Foreclosures)

A Little Bit of Knowledge in Foreclosure is a Dangerous Thing

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 Al Rocky (October 28, 2008)  Concerning Foreclosure and Mortgage issues, there is nothing more dangerous than a little bit of knowledge. There is a plethora of information on the internet about everything from widgets to rockets. The main point of the exercise of knowledge is to be able to measure what benefit that knowledge brings back to the person who is trying to exercise that knowledge. The universal .. (Foreclosures)

Foreclosures at Record Levels

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 Susan Duey (October 28, 2008)  Foreclosures are on the rise as they soared 71 percent in the third quarter, to an average of 8,500 homes a day. More than 3 million foreclosed homes are expected to be in foreclosure by year's end. Lenders are taking possession of foreclosed homes quicker than before which means that by year's end lenders will have more than million homes in their possession. Rather that working with . (Foreclosures)

The Time Line of a Foreclosure

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 Ed Packman (October 28, 2008)  Most homeowners have never had any prior experiences with foreclosure before. It is all new to them and it is easy to get confused with the process. So I laid out the timeline for most foreclosures below. Your foreclosure case may vary, so please consult your lender for more specific timeframes. There are two primary types of foreclosure procedures, Judicial and Non Judicial. Judicial .. (Foreclosures)

Foreclosure Can Be A "Double Whammy"

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 Anthony Petrucci (October 28, 2008)  Watch your back! Be Aware! Look in unsuspecting corners.   Halloween isn't the only time of year for you to be frightened of the unknown. If you are facing foreclosure watch out for the “double whammy" . . . it's an ugly creature.   Foreclosure is hard. . . the “double whammy" makes it even harder. What is a “double whammy"?  If your home goes into foreclosure, and . (Foreclosures)

Real Estate Foreclosures Offer Excellent Returns on Investment

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 Kevin Simpson (October 24, 2008)  In the current economic climate purchasing real estate foreclosures provides the investor with a wonderful way of making excellent returns on investment. Basically this market is wide open; thousands of foreclosures are on both bank and government listings and can be bought for very good prices. Investing in real estate has always been a way of creating wealth. But with the foreclosure . (Foreclosures)

Buying Bank Foreclosure Properties

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 Louis Zhang (October 24, 2008)  This may be a question that someone has asked you in the past, if you were, or are buying bank foreclosure properties. In today's market, with so many homes, and businesses being foreclosed on, and banks losing money it is possible to snap up homes for almost literally pennies on the dollar. People in the know, and people that have some money to invest in property, do so in just this .. (Foreclosures)

Reasons and Alternatives For Foreclosure Victims

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 Kevin Simpson (October 24, 2008)  Foreclosure has affected many people till date resulting in a drastic increase of foreclosure victims. Not just this, these rapidly increasing foreclosures are affecting the financial system and the realty market as well. The only way to recover these bad debts is to sale the property of the foreclosure victims by organizing an auction. In this public sale, there is a possibility to .. (Foreclosures)




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