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Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan.
(The house above, located in Garfield Heights, Ohio, is listed for just $9,900.) Buy a house for less than it costs to buy a car? According to a recent report in Time's "Moneyland" column, this ...
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