"FSBO" or "buying foreclosures"
"Chicago, IL" or "Florida"
Views: 18750
Foreclosure
Foreclosure is a legal process by which a bank or lender sells or repossesses a mortgaged property because the borrower could not pay the loan.
If you have been foreclosed on, it does not mean you cannot get a loan in the future, but the terms of your loan may not be as favorable.
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