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Added for You - Pre-foreclosure Deals in a Hot Housing Market
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For the homeowner living on the edge this spells trouble – in many cases they will not be able to refinance either as their credit is suspect or a drop in income has made them too much of a risk for a new loan. Either they’ll have to make good on the current loan or hope that a buyer steps forth to bail them out. By the time some homeowners take action, they could be several months behind on their mortgage and a for
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