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  2. Buying a home after foreclosure - AOL

    www.aol.com/finance/buying-home-foreclosure...

    Non-qualified mortgage (0 years) – With a non-qualified mortgage (non-QM), or a loan that doesn’t meet government standards, you could possibly get another loan right after your foreclosure ...

  3. What is a foreclosure? How it works and how to avoid it - AOL

    www.aol.com/finance/foreclosure-works-avoid...

    Foreclosure happens when the lender takes control of a property after the borrower misses multiple mortgage payments. This is also referred to as defaulting on the loan. This is also referred to ...

  4. Real estate owned - Wikipedia

    en.wikipedia.org/wiki/Real_estate_owned

    REO sale property in San Diego, California. Real estate owned, or REO, is a term used in the United States to describe a class of property owned by a lender—typically a bank, government agency, or government loan insurer—after an unsuccessful sale at a foreclosure auction. [1]

  5. What is the right of redemption? How it works during foreclosure

    www.aol.com/finance/redemption-works-during...

    Mortgage lenders use the home you buy as collateral or security for your loan. If you fail to make payments, your lender can foreclose and sell your home to recoup the money it lent you.

  6. Foreclosure rescue - Wikipedia

    en.wikipedia.org/wiki/Foreclosure_rescue

    Foreclosure rescue in the United States is where a mortgage that is in arrears and where the lender is at the stage of foreclosing on the loan agrees to stop the foreclosure in exchange for funds received through loan modification or from a government grant. It may also refer to funds that allow the homeowner to repurchase the property at or ...

  7. Foreclosure - Wikipedia

    en.wikipedia.org/wiki/Foreclosure

    Credit scores are greatly impacted after a foreclosure. The average number of points reduced when you are 30 days late on your mortgage payment is 40 – 110 points, 90 days late is 70 – 135 points, and a finalized foreclosure, short sale or deed-in-lieu is 85 – 160 points. [32]

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