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first time home buyers

What Are Property Foreclosures

When someone gets a mortgage for a piece of property and are unable to make their monthly payments, the foreclosure process happens. As soon as the foreclosure process happens, the borrower loses their right to redeem the property that they borrowed money for. They lose the right to redeem the property because the property was security for loan. A common misbelief is that the bank gives out the mortgage but in truth they only loan money and use the mortgage for loan security.... View the rest of this article by visiting BuyerBeWhere.com at the link above...


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