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Stop foreclosure >> Foreclosure
Foreclosure
Foreclosure is a legal process by which a bank, Mortgage Company or other creditor takes a house owner's property in order to satisfy a debt. The foreclosure is the result of non-payment of the mortgage (including second mortgages and home equity loans); however, people also lose their homes due to unpaid property taxes. As a result of the foreclosure (at the end of the redemption duration), the homeowner loses the rights he or she had to the property.
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