2Avoid4Closure.com
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A. When a borrower (home owner) has been unable to make payments on his mortgage loan, the lender may determine the loan has is in default and will proceed with legal action to take control of the property. Any equity the homeowner may have realized in the home is lost, and the homeowner may have to vacate the premises. Laws on the amount of time a homeowner has before a lender can start foreclosure proceedings vary form state to state. Q. I just received a notice of foreclosure.
