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 » 6 steps you need to avoid Foreclosure

6 steps you need to avoid Foreclosure

Topic: Mortgage

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Don
First try and talk with the lender it is pisbosle that something can be worked out. Banks and other lender really do not like to do forecloures unless they have to.Second, if that does not work consider bankruptcy. See a lawyer if this is something that is workable and worthwile in your situation. Upon filing foreclosure procedures will be automaticaly stopped. And it is likely that you will be able to work out a reaffiration agreement which will satisfy the trustee and the mortagor. There is also the possibility, if your qualify, of a Chapter 13 bankruptcy, in which the mortgator will be forced to take payments that you can make.
read more... 03/28/2013

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