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How to Stop a Foreclosure
This blog comes from another state with as many or more foreclosures than we have here in Michigan, has some usefull advice. We are useing short sales as a tool that earns a commission and helps a homeowner move on away from home that is no longer worth what is owed. This is an all to often seen problem due to job loss and or health problems.
 3 Ways on How to Effectively Stop a Foreclosure
 
 With such a delicate economy, one of the most common concerns especially among homeowners is how to stop a foreclosure.  Essentially, in order to stop it, you must first try to understand what it is.  A foreclosure is a type of legal process where the mortgage lender attempts to terminate the equitable rights of redemption of the mortgage borrower.
 
This can be done via court order or through the intervention of the law after undergoing statutory procedures.  So essentially, one of the ways on how to stop foreclosure is to fight it out in court, which unfortunately is not ideal and never practical.
 
In the context of how to stop foreclosure as applied to residential mortgage loans, the bank or any other similar ... more

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