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The U.S. government has never before been in quite the position that it is now. Only in historic periods such as the Great Depression have there been times when so many people are out of work and cannot afford to keep their homes due to their distress financial situations. Take, for example, the struggling U.S. economy. Wall Street has suffered historic highs and lows in response to the traumatic incidents that have taken place with mega financial giants such as AIG.

Things You Can Do to Avoid Foreclosure

Assuming you would like to stay in your home, consider the options mentioned in this article. Too often people give up before exploring all options. The entire process of foreclosure proceedings is very stressful. When you don’t feel like you have any control, it is even worse. Empower yourself with the knowledge of the options. Once you know what choices are available, you can select the correct one.

Mortgage Foreclosure – What Happens With Second Time Mortgage Foreclosures?

If you’re in financial trouble and have two mortgages, you need to know the facts. A second mortgage is a loan that is placed on the price of your home using your existing equity as collateral. It is less of a priority than the first loan that is on your home.

Understanding Foreclosures

The number of foreclosures seem to have reached a record high over the last few months. To the inexperienced real estate investor, these foreclosures often appear very attractive. But are they really?

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