by Bradley Marmer Foreclosure is the process by which the lender regains the property that they have originally financed. Generally, this is due to the homeowner or borrower being behind on payments and unable to catch up. Naturally, when a foreclosure occurs, the homeowner must move out of the house, losing possession of all property and losing the equity that they have built up over time. Also, there is generally some damages inflicted to the credit rating of the borrower as well. Considering
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Sunday, November 9, 2008
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