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How Bankruptcy Can Help in Foreclosure


​2017 saw the lowest number of foreclosures in the U.S. since 2005: 676,535 foreclosures. A foreclosure is when a homeowner defaults on their mortgage obligation usually when they miss three or more consecutive mortgage payments.  The lender will then typically files a Notice of Default (NOD). The lender will then take possession of the property in an attempt to sell it in order...

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