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Brunsontony
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If you are thinking about investing in foreclosures there are some key points for you to consider before you begin investing.
The first step for you to understand is how the foreclosure process works. The foreclosure process can be broken down into three key components.
Pre-Foreclosure Foreclosure Auction REO
Pre-foreclosure
The first step in the foreclosure process is called pre-foreclosure. When a homeowner has not paid their mortgage for more than ninety days the bank that owns the mortgage on that property files what is called a “lis pendens” which means “suit pending” in Latin. Read the full post through the hyper-link
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