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  2. How to stop foreclosure - AOL

    www.aol.com/finance/stop-foreclosure-220538027.html

    The foreclosure process typically doesn’t start during the first 120 days after you miss your first payment. After that first 120 days, the foreclosure process can start.

  3. Preforeclosure: What it is and how it works - AOL

    www.aol.com/finance/preforeclosure-works...

    A foreclosed home is sold “as is,” so if it needs repairs, you will need to do them. It may take longer to close and finalize a foreclosed home purchase. There is the possibility of the sale ...

  4. What is a foreclosure? How it works and how to avoid it - AOL

    www.aol.com/finance/foreclosure-works-avoid...

    The report also highlights the states with the longest average time to foreclosure, with Louisiana having the highest average of days in process (3,686 days), followed by Hawaii (2,597 days), New ...

  5. Subprime mortgage crisis - Wikipedia

    en.wikipedia.org/wiki/Subprime_mortgage_crisis

    As of September 2012, approximately 1.4 million homes, or 3.3% of all homes with a mortgage, were in some stage of foreclosure compared to 1.5 million, or 3.5%, in September 2011. During September 2012, 57,000 homes completed foreclosure; this is down from 83,000 the prior September but well above the 2000–2006 average of 21,000 completed ...

  6. Foreclosure - Wikipedia

    en.wikipedia.org/wiki/Foreclosure

    The average number of points reduced when you are 30 days late on your mortgage payment is 40 – 110 points, 90 days late is 70 – 135 points, and a finalized foreclosure, short sale or deed-in-lieu is 85 – 160 points.

  7. Real estate owned - Wikipedia

    en.wikipedia.org/wiki/Real_estate_owned

    REO sale property in San Diego, California Real estate owned , or REO , is a term used in the United States to describe a class of property owned by a lender —typically a bank , government agency, or government loan insurer—after an unsuccessful sale at a foreclosure auction. [ 1 ]

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