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A foreclosure occurs when a lender takes control over a property from a borrower for failing to make timely payments. A foreclosure can damage your credit score and result in loss of property. As ...
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Here are strategies for avoiding foreclosure if you have trouble making house payments. ... (800) 569-4287. If you have an Apple device, you can download HUD’s free Housing Counselor Locator app.
Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan. [1][2] Formally, a mortgage lender (mortgagee), or other lienholder, obtains a termination of a mortgage borrower ...
Equity stripping, also known as equity skimming, is a type of foreclosure rescue scheme. Often considered a form of predatory lending, equity stripping became increasingly widespread in the early 2000s. In an equity stripping scheme an investor buys the property from a homeowner facing foreclosure and agrees to lease the home to the homeowner ...
PropertyShark is an online real estate database and property research tool that provides building details, ownership information, comparable sales, and foreclosure data [1] to real estate professionals in New York and other major U.S. markets. [2][3] Launched in January 2003 by Matthew Haines, [4][5] the real estate database and research ...
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