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If you are behind in your mortgage payments, it is possible that you were a victim of your mortgage lender. Many houses today have been foreclosed due to mortgage brokers who do not act in the best interest of their clients. Homeowners have been granted loans above their means with terms t...
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Foreclosed homes are sold below market price so that lenders can recoup their losses quickly, and studies show that the drop in the value negatively impacts the value of nearby houses as well by nearly 1%. That doesn’t seem like a significant number, but add up several foreclosed properties...
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