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If you have been looking into the possibility of buying a new home then you may want to consider the possibility of government foreclosure properties. These are properties which have been seized or repossessed from the homeowners. This is usually done either because they stopped making mortgage payments, or they were not paying their property taxes.

Stop Foreclosure Sell – Is Selling Your House Prior to Foreclosure an Option?

Unfortunately, in a sluggish economy, the ability to sell your home before the bank forecloses can be a race against time. If you are selling your home to pay off the mortgage prior to foreclosure, you undoubtedly have a fixed minimum sales price and that can make it hard to motivate buyers.

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