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What is the downside of a foreclosure?
You can find foreclosed homes in your area by doing a quick Google search. You can do this yourself, but consider hiring...
How much does a foreclosure drop your credit score?
According to FICO, for borrowers with a good credit score, a foreclosure can lower their score by 100 points or more. If...
What are the main cause of foreclosure?
Medical emergency or illness that results in a large medical debt. Divorce or death of a spouse or partner who...
Where are the most foreclosures?
That represents 0.13% of all properties, a total of 6,861 foreclosed properties. 96% of major metropolitan areas saw an...
What are the benefits of foreclosure?
While you may think that a foreclosure automatically means you'll lose your home, that's not always the case....
What is the most common type of foreclosure?
Judicial Foreclosure This is the most common type of foreclosure. It's allowed in all states and in some states it's...
How foreclosure affects your future?
Unfortunately, a foreclosure hurts your credit score, meaning that it will be more difficult and sometimes impossible to...
What is meant by foreclosure in law?
Foreclosure is a general term for processes used by mortgage holders, or mortgagees, to seize mortgaged property from...
