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Avoiding foreclosure shouldn’t have cost you $575,000
How bad do you want to avoid foreclosure? What do you think it should cost you? Right now, you are just in default and may only have had the home a few years and don't have any equity, but in other cases you may have owned the home for many years such as the person I'm about to tell you about.
Recently I called a person on the phone that was in default. They only had about 30 days until foreclosure to see if I could help them sell their home. I saw that they had owned the $600,000 home since 1979. I assumed they didn't owe much on the property.
I was correct. They didn't owe much on the property. They only owed $17,500, but they also owed taxes, electric, and gas and a few other liens on the property, totaling about $25,000 for all debt against the house.
I have to admit I thought, "Finally someone that I can really save from foreclosure and put some money in their pocket." That is when they told me that they had already sold the property. I said, "Great, that is awesome, when do you close?" They said, "We closed today and it was an ... more

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