Understanding Foreclosure: Foreclosure is a legal process in which mortgaged property is sold to pay the loan of the defaulting borrower. Few people think they will lose their home, they think they have more time. Here's how it happens... |
Facing Foreclosure: Your lender has a number of options to help you stay in or sell your home. These options include forbearance, repayment plans and loan modifications – as well as relief under the new Federal Housing Plan. Your lender will determine if you qualify for any of these alternatives... |
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