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Tuesday, November 13, 2007

Comments

joe

most of the people are going for foreclosure as they are not in a position to repay the loan amount.

John

Once homeowners start missing payments on the old house, the foreclosure process will start (especially if they planning on letting it go into foreclosure and are doing nothing to gain foreclosure advice or seek out options to save their home). The bank will sell the house at a sheriff sale, and the new owners will be able to evict the foreclosure victims and anything that is left in the old house. Purchasing a new house after this process has begun will be impossible due to the foreclosure status of the old house and the negative effect on one's credit after several mortgage payments go unpaid.
http://www.thejohnbeck.tv

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