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Foreclosure in Twin Lakes : Real Estate Advice

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Melissa Manc…, Real Estate Pro in Plainville, MA
Tue Sep 4, 2007
Melissa Mancini answered:
Hi There,

A foreclosure, is the legal process by which an owner's right to a property is terminated, usually due to default. The organization who lent on this home takes ownership and sells it with the proceeds being applied to the mortgage debt (if there is any). ... more
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