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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.
Latest Articles

Government Foreclosure Sale - Finding Foreclosed Houses

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 Louis Zhang (October 24, 2008)  Searching online for government foreclosure houses is not that hard. All you need to do, is pick your favorite search engine, and type in the keywords and wait for your results. Chances are, many sites will come up in your results. Several will be for listing of government foreclosure sale and homes that have been repossessed by the government for non payments, defaulting on property .. (Foreclosures)

HUD and VA Government Foreclosure Auctions

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 Kevin Simpson (October 23, 2008)  It is not only private banks and lender who foreclose on homes. The Government has the same problems. The US Department of Housing and Urban Development or HUD and the US Department of Veteran Affairs or VA are in the same boat as other lenders. In fact these two sources are the leading source of properties in government foreclosure auctions. A FHA insured mortgage loans that are .. (Foreclosures)

Finding Foreclosure Deals

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 Josh Sloan (October 23, 2008)  Typically, a foreclosure property results when the owner is unable to make payments on their mortgage and the property falls into the hands of the lender. Everyday you hear about the great deals people are getting on short sales and foreclosure transactions. Closing one of these deals is not as straightforward as purchasing a conventional home, as it tends to be riskier, take longer, .. (Foreclosures)

Stop Bank Foreclosure Before it Happens

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 Tom Turner (October 23, 2008)  If you're facing the dreaded possibility of losing your home to foreclosure there are some things that you can do to stop bank foreclosure before it's too late. This article will explain how property owners can avoid foreclosure due to delinquent house payments. The first thing you need to understand is a little bit about how foreclosures work and what the ramifications can be to the .. (Foreclosures)

How to Buy Foreclosed Properties

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 Ron Victor (October 22, 2008)  A foreclosure property auction takes place when the property owner is not able to pay the mortgage fees on the property and so he has to give up the land to pay back what is owned. The property is sold to the public through government sales programs. FDIC, HUD, SBA, AND VA all sell foreclosed properties. There are many homes nearing foreclosure due to mortgage nonpayment, IRS tax .. (Foreclosures)

Short Sale For Prevention of Foreclosure

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 Kevin Simpson (October 22, 2008)  Typically a short sale is held to stop a property from going into foreclosure. A bank or lender will often agree to a short sale if they believe that its financial losses incurred will be lesser than those incurred by going through the foreclosure process. Avoiding the implications of the foreclosure process is an added incentive for the home owner as a foreclosure reflects severely on .. (Foreclosures)

Buying a House After Foreclosure - How to Get Approved

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 James McKerr (October 22, 2008)  Just because you have bad credit and either gone through a foreclosure or bankruptcy you are not somehow unable to get a new mortgage to buy a house. Of course you will have to pay a premium on any loan you do get compared to someone with a perfect credit score. However there are some very simple things you can do to ensure you get the best deal and can get back on to the house .. (Foreclosures)

Using Faith Backed by Action to Stop Mortgage Foreclosure

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 Jill Borash (October 22, 2008)  There is a lot of information on the internet about how to stop mortgage foreclosure on your home but very little of it deals with the mental aspect of it. If you ever expect to stop mortgage foreclosure on your home, you are going to have to truly believe that you can. The best way for me to explain this is to share some of my own foreclosure story with you. By all rights, I should .. (Foreclosures)

Buying Real Estate Owned by Banks

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 Shawn B (October 22, 2008)  Are you looking to purchase a reasonably priced home? If you are, you may turn toward foreclosure property listings online. Foreclosed property are often obtainable for sale at a sharply cut-rate price. With that believed, buyers need to be conscious that purchasing and living in a foreclosed home isn't as simple as it sounds. That is why a number of buyers decide on properties that are . (Foreclosures)

How to Create Massive Wealth Through Foreclosures

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 Vilson Smith (October 21, 2008)  Where do most investors turn to when they seek foreclosure opportunities? Sure, they take a look at free foreclosure listings or even sources of foreclosures that they pay for. While these sources may lead to productive and profitable deals, they also usually require extensive marketing and business promotion in order for an investor to tap into these preforeclosure opportunities. How .. (Foreclosures)

Government Tax Foreclosures Provide Reduced Cost Housing

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 Kevin Simpson (October 21, 2008)  There are two kinds of Government Tax Foreclosures; one is a lien and the other a deed. It is possible for an investor to pay the cost of the tax lien on behalf of the homeowner stopping the foreclosure sale. This means that the owner of the property then owes you the money that stopped the foreclosure sale, interest may be charged on this amount. If the investor is then in a position .. (Foreclosures)

What is Foreclosure?

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 Kevin Simpson (October 21, 2008)  For many people it is still a query that “what is foreclosure". Foreclosure means to extinguish all the privileges of the homeowner when he is not able to make out the payments of the mortgage loan for which he kept his home as a security interest. Usually the reasons for foreclosure can be divorce, being without a job, medical consequences, death and many more. Foreclosures have . (Foreclosures)

Buying Foreclosed Homes - Tips

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 Robbie Foglia (October 21, 2008)  Many cities are experiencing a similar phenomenon, the housing market which was so strong several years ago has gone into a major decline and owners are unable to keep up with their home payments. Since the economy isn't doing as well as most Americans expect, many mortgage lenders are increasing rates on adjustable mortgages, leaving tons of home-owners unable to keep up. When .. (Foreclosures)

Understand What a Foreclosure is Before You Start

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 Karen Bellas (October 21, 2008)  Foreclosure real estate can be a great alternative if you are on a really tight budget or want to get an fantastic deal. However, before you obligate yourself to a foreclosed property, you want to make sure you know both the pros and cons of buying a foreclosed home. A foreclosure happens when the homeowners are no longer able to afford the payments on their properties. At that time, .. (Foreclosures)

How to Find Bank Foreclosure Listings

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 Kevin Simpson (October 20, 2008)  There are a number of ways to find bank foreclosure listings. It used to be that a person wanting to find bank foreclosure houses for sale would have to go to the county courthouse to search on the Lis Pendens. This is no longer necessary, professional companies conduct these searches on you behalf, you subscribe to the bank foreclosure listings and they keep you informed of what is .. (Foreclosures)

The Correct Approach to Facing Foreclosure

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 Al Rocky (October 20, 2008)  The correct approach to facing foreclosure There is a deep shock to the entire body when a Foreclosure Notice is delivered to a homeowner. Body and psyche is hit like a blow from a sledgehammer. The mind goes numb. The mouth goes dry. The stomach tenses as the juices flow. The adrenaline gland starts pumping, a cold sweat breaks out, and the brain ceases to operate in a functional way. . (Foreclosures)

Get Repo Houses at Attractive Rates

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 Kevin Simpson (October 20, 2008)  Are you planning to own a house of your dreams but do not have sufficient finance? You can shed off all your tensions now and can buy the best house for your family. Repossessed houses can be purchased at affordable rates so that you can have a beautiful home to live in. Repo houses are basically those real estate that have been repossessed or foreclosed by the financial institutions .. (Foreclosures)

The 2008 Foreclosure Prevention Act - Do You Qualify For Government Assistance?

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 Nick Adama (October 20, 2008)  Thus far, all of the government plans to help save the housing market from collapse have been greeted with great fanfare by the media and politicians proclaiming their own expertise at solving the problems of the economy. However, few homeowners seem to have qualified for much actual assistance from the programs, and the requirements that have to be met have been strict for borrowers .. (Foreclosures)

The Foreclosure Crisis and the Response by Politicians on the Federal and Local Level

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 Nick Adama (October 20, 2008)  Last week, there was a lot of talk about the fallout from the credit crisis caused by the meltdown in the housing market and plans to stop the rising foreclosure rates, but will anyone ever take action? As we all know, public officials, including Congress and the President, all like to talk about their “big plans" once they take office, but very few ever deliver. Only time will .. (Foreclosures)

When is it Right to Give Up on a House in Foreclosure?

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 Nick Adama (October 20, 2008)  Sometimes, it is difficult to know when you have been beat, or when it is time to give up on something. With foreclosure, it can be quite different: it is actually very easy to know when it is time to throw in the towel. Foreclosure is a very costly procedure, both mentally and financially, so knowing when to stop fighting and when to move on with your life is very important. The only .. (Foreclosures)

Stop Foreclosure Assistance By Loan Mitigation Professionals

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 Robert X Ramos (October 20, 2008)  Stop foreclosure assistance is also known as loan mitigation. No matter how you word it the goal is the same. You want to see if you can keep your home. In the process of mitigation with the bank, many stop foreclosure assistance companies have also been known to achieve a lower monthly payment for the borrower, a reduced interest rate and bring down the principle balance of the loan. .. (Foreclosures)

Home Loan Modification and Bankruptcy to Prevent Foreclosure

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 Bryan Dornan (October 20, 2008)  The recent foreclosure epidemic has caused millions of American homeowners to scramble for more affordable home loan terms. Whether it's a rising adjustable rate, loss of income, loss of equity or simply a poor decision to borrow money, people need loan revisions and very few people are able to accomplish that with the traditional method of mortgage refinancing. Mortgage loan .. (Foreclosures)

Seduced and Abandoned - How the Government Bailout Leaves Homeowners Hanging

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 Carla Douglin (October 20, 2008)  Congress recently passed a $750-billion bill designed to infuse cash into Wall Street and bring back confidence in America´s financial system. Despite the optimism caused by a global stock rally after the Emergency Economic Stabilization Act was signed, it could still take a long time to work through the process and restore the economy given all the headwinds facing the housing market .. (Foreclosures)

Help With Foreclosure - What You Don't Know Can Hurt You

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 Jill Borash (October 20, 2008)  Being uninformed can be one of the most deadly things you can do when you are facing foreclosure. You can get help with foreclosure but you also need to be on the lookout for the wrong kind of help. Here are a few things you need to know and a few things you need to avoid if you want to save your home from foreclosure. Being unaware of or not understanding critical dates in your .. (Foreclosures)

Foreclosure, Homeless Children, Foreclosure Alternatives

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 Anthony Petrucci (October 10, 2008)  In a third grade classroom, a teacher prompts her kids to have compassion on the homeless.   She tells them of an upcoming project they will be participating in at Christmas time that will provide toys for homeless children who are just like them.   Children who love to play; go to the movies; eat popcorn; ride bicycles, and eat candy canes.   One little girl gets real quiet and lays . (Foreclosures)

Foreclosure Properties - Ideal Investment Options

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 Kevin Simpson (October 09, 2008)  A foreclosure property basically refers to those distressed properties resulting from government foreclosure auctions. These properties are repossessed by the government agencies, banks or other financial institutions mainly because the owners of these properties have failed to pay back the mortgage amount on these properties. These distressed properties are then put for resale in the .. (Foreclosures)

Foreclosure Houses - The Most Profitable Option

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 Kevin Simpson (October 09, 2008)  Foreclosure houses provide an excellent opportunity for investment in the real estate market. The best thing about these foreclosure houses is that they are available at much lower cost than their actual market value, it is not surprising to find a home at about 50% low cost than its real value. In order to make the best deal possible in the foreclosure market, you need to search a lot .. (Foreclosures)

Stop House Foreclosure - Financial Hardship Paperwork

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 Jill Borash (October 08, 2008)  In order to get your mortgage company to work with you to stop house foreclosure, chances are that you will need to provide them with a whole lot of documented proof of financial hardship. Financial hardship requirements and paperwork varies by mortgage company but here are a few things you should be prepared to provide them. 1. A current overview of your income and expenses. In order .. (Foreclosures)

Is a Foreclosure Loan Your Best Option?

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 Tom Turner (October 07, 2008)  A foreclosure can be a devastating financial situation. Today we are seeing more and more foreclosures in record numbers throughout the United States. For some people that still have the ability to make some sort of a house payment. They may seek to relieve a foreclosure loan to salvage their home. This article will look at a few options. You may consider before losing your property. .. (Foreclosures)

The Foreclosure Series Part 4 - Fight For Your Homes, Stop Foreclosure

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 Zeus John Martinez (October 06, 2008)  You know you're in big trouble when, after getting a notice of foreclosure, you still weren't able to update your mortgage payments, and your lender can't do anything to help you out. So what do you do when your home is in danger of being foreclosed? There are still ways to avoid foreclosure. The first one is to look for someone who's willing to buy your home. You can also seek the help . (Foreclosures)

Turn Your Dream House Real, Buying the Foreclosed Houses

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 Kevin Simpson (October 06, 2008)  A foreclosed house is a term that basically refers to the houses available in the foreclosure auctions. The foreclosed houses are those repossessed houses which have been seized by the banks, the government agencies or the other principal financial institutions because of the fact that the present owners of these houses have failed in paying back the due amount of credit or the mortgage . (Foreclosures)

Wachovia Bank Loan Modification Recent Updates

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 Susan V. Gregory (October 04, 2008)  If you have a Wachovia Bank home loan that has become a burden, the recent take over by Citibank may have a beneficial impact on your chances for a loan modification. Citibank is under pressure to quickly straighten out the mess caused by the billions of dollars of bad loans issued by Wachovia Bank. The quickest and most cost effective way to turn these delinquent loans into performing .. (Foreclosures)

The Idiot's Guide to Bank Losses

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 David W Jackson (October 03, 2008)  Bank losses are like death wishes. If you are a proprietor, who relies business funding on bank loans, starvation days may not be far out. Bank losses pilot a crisis called credit crunch that eats up your investments, freezes your financing accounts, and leads you to bankruptcy at times.   The predilection that was not predicted, American banks leading massive losses, has created a .. (Foreclosures)

The Economy, Foreclosures, and Wall Street! Oh My!

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 Chris Sopaz (October 03, 2008)  With recent news of economic turbulence, the real estate market is under more scrutiny than ever. Subprime mortgages have been pegged at the center of the Wall Street bailout, and the media is not helping curb public anxiety. A recent article published on Bloomberg.com offered some seemingly daunting insight into the increasing foreclosure rates. According to the VP of Marketing for a .. (Foreclosures)

Who Can We Blame For the Mass Foreclosures?

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 David Strauss (October 03, 2008)  Whose fault is it? There is a lot of blame to go around. After all, there is no one person or entity that could cause such an economic crisis, no matter how hard they might try. As the attorney hired by the banks to execute the foreclosures, I have had the opportunity to interact with all of the possible culprits. Is it the bank's fault? Well, there are two banks to speak of in most .. (Foreclosures)

Beware of Fraudulent Foreclosure Defense Groups

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 David Strauss (October 03, 2008)  In the face of impending foreclosure, many uneducated borrowers run into the arms of organizations that claim to be there to help but are truly only aiming to take advantage of people who feel they have nowhere else to turn. Organizations such as Outreach Housing and others like it have preyed on uneducated and desperate borrowers for far too long. Lawyers, posing as foreclosure defense . (Foreclosures)

The Effect of a Bad Economy on the Mortgage Foreclosure Crisis

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 David Strauss (October 03, 2008)  While your 401(k) might be in the toilet, a down market may very well be exactly what you need to save your home. The fact is, your home is worth more to you now than it will be to any potential buyer. This will make it much harder for you to sell your home but it will also make it much harder for the bank to sell it, which in turn makes your home a lot less desirable for the bank to .. (Foreclosures)

Door Knocking on Foreclosures

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 Sean P. Flanagan (October 02, 2008)  The foreclosure real estate market can be a lucrative and rewarding way to build real wealth as you get your real estate investing career started. However, too many investors opt to knock on the doors of homeowners facing foreclosure in the hopes that they can defy the odds and convince a homeowner that the nervous investor standing on their front porch holds the key to solving their .. (Foreclosures)

The Foreclosure Series Part 3 - What Your Lender Can Do to Help You Avoid Foreclosure

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 Zeus John Martinez (October 02, 2008)  You've got to act fast the moment you feel that you are at risk of foreclosure. One thing you must prevent from happening is the filing of a Notice of Default. This notice is basically a shout out to everyone that you are behind your mortgage payments, and if not dealt with accordingly, lenders can seize your home. As soon as you see trouble looming ahead, call your lender and work out . (Foreclosures)

Another Foreclosure Scam Caught Using the Same Old Tactics As Many Others

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 Nick Adama (October 02, 2008)  Foreclosure scam artists are one of the most dangerous predators in the real estate industry, targeting homeowners who are in desperate situations and tricking them into giving up their homes or much-needed cash that could be used to pay the mortgage or begin the process of financial recovery. Unfortunately, many borrowers are taken in by these sociopaths, who use the same old tactics .. (Foreclosures)

Your Credit Report is Affected by Foreclosure

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 Mike Selvon (October 02, 2008)  Many people who have been foreclosed upon hire a credit counselor to help mop up that messy credit report. Not only are all the missed payments tarnishing your record, but there's a “Notice of Trust Sale" and a “Trust Deed Sale" sitting ugly as well. Chances are, there is more than one area you are struggling with, so prioritizing with a counselor can definitely help. It's .. (Foreclosures)

Its Time to Keep More of What You Earn

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 David A Cole (October 01, 2008)  Every time you make a profit on your real estate investment the tax man has his hand out. To keep the majority of the profits in your pocket where they belong you must have a personalized tax action plan to reduce your taxes to the minimum. Would you automatically accept the highest bid from a contractor when another contractor could provide the same quality of work for a lower price? .. (Foreclosures)

Federal Government Entices Lenders to Lower Your Mortgage Balance

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 Erica Muller (October 01, 2008)  Today is a new day for borrowers in danger of losing their homes to foreclosure. Today is the first day that the Housing and Economic Recovery Act of 2008 goes into effect. This act was designed to motivate lenders to work with the consumers in keeping their homes. In the past, despite the current economic crisis many lenders have found themselves in, they have not been so willing to .. (Foreclosures)

Foreclosures - Why Now May Be the Best Time Ever to Buy a Home in Las Vegas

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 Glenn Plantone (October 01, 2008)  Real estate investors looking for positive cash flow in their residential investments have had a very hard time since the big run up in prices here in Las Vegas in 2004. In fact if we have a look at the Office of Federal Housing Enterprise Oversight records (ofheo. gov), you will note that the appreciation rate for single family homes in this market rose slowly and steadily thru out .. (Foreclosures)

The Tax Consequences of Stopping Foreclosure

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 Robert Montrose (October 01, 2008)  It used to be that when your home went into foreclosure, you were also penalized on it by the IRS. This is no longer the case. The Mortgage Forgiveness Debt Relief Act of 2007 was enacted on December 20, 2007 and it allows exclusion of “income" realized as a result of modification of the terms of the mortgage, or foreclosure on your principal residence. What does that mean in .. (Foreclosures)

Stop Home Foreclosure - 6 Tips to Save Your Home

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 Casey Byshop (September 30, 2008)  The credit crunch is hitting everyone and more and more people are finding themselves with financial problems. Certainly in the last few months we have seen more and more people have difficulties with actually making their mortgage payments. Because of this there has been an increase in the number of foreclosure proceedings taking place. However, below we offer some tips that may be .. (Foreclosures)

How to Get More Time From the Bank to Save Your Home From Foreclosure

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 Nick Adama (September 30, 2008)  The most important factor homeowners in foreclosure need to remain aware of is how much time they have left to work out a solution, either to save the home or unload it with the least financial damage. The bank, working through its local attorneys, will typically attempt to push through the legal process as quickly as possible, in order for the lawyers to get paid and the bank to have .. (Foreclosures)

How a Few Simple Requests Can Derail the Bank's Foreclosure Judgment Against You

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 Nick Adama (September 30, 2008)  Two of the aspects of foreclosure that banks rely upon when attempting to steal homes from borrowers is homeowners’ ignorance of how the mortgage works and what information the lender really needs to show to prove it has a case. But if the homeowners remain in the dark, and banks are not challenged on the issues, the courts will allow the lawsuit to proceed as far as possible, .. (Foreclosures)

Work With Lender to Stop Home Foreclosure

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 Jeff Glasser (September 30, 2008)  Kicking people out of their home is not in the lenders best interest and contrary to what some people may believe, most lenders are willing to work with their customers to stop home foreclosure. Taking possession of a home is expensive for lenders and most do not want to own a bunch of houses and the expense of repairs as well as sales in the future, despite many legal avenues to recoup . (Foreclosures)

Mobile Home Foreclosure Leaves Banks on the Lot

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 Jeff Glasser (September 30, 2008)  Most mobile homes did not qualify for traditional mortgages when they were first being sold, as most lenders treated them much the same as vehicle sales. After all, to avoid mobile home foreclosure, a buyer who could not make their payments could hook them up to a truck and drive them away. However, as more people began buying mobile homes and they became more a part of the landscape, .. (Foreclosures)




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