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With the foreclosure epidemic, more homeowners are just walking away from their homes. There are many reasons for this, the primary reason being that they have little or no equity in the home and owe more on the home than they can get for it in a sale. There are other reasons too: - The situation is too much to cope with. - A change in employment that resulted in lower income. - Unable to get satisfactory answers to their questions. - Unable to refinance ...
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It's an epidemic that hasn't been seen since the great depression; houses are being foreclosed at three times the normal rate in some counties across America. As a result of this sudden rise in foreclosures a new type of business has sprung up within the real estate market called the “short sell.” If you are considering bankruptcy or foreclosure it is extremely important to understand this practice that helps and hinders many at the same time. Have you seen the ads ...
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There are many economic and market forecasts and predictions, however the bottom line is if you want to buy your first home—there is no wrong time. There is because the motivation to buy is not determined by regional market conditions or by location. Industry opinions, economic reports and investor speculation do not sway or predict when a particular individual will be ready to buy. For the great majority of folks, the most compelling reasons to buy a home are based on individual circumstances ...
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