Special Report on
Default and repossession
Default and repossession - Trends
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Given that the foreclosure community bloggers have shifted from reporting the bad news to reporting good news, I thought I’d shift the conversation here on Foreclosure Industry to a more personal tone, at least for this post. I’ve purposely waited to tell our readers about my personal situation, for a couple of reasons. First of all, it’s tough to talk about things like bankruptcy and foreclosure. It’s embarrassing and humiliating. Last year was one of the worst years of my life, and much of what I learned through my own experience has fueled the content of the blog posts that many of you have been reading. Second, writing the ...
and some can be employed even after a loan has already been sourced. It is best to avoid repossession by electing a loan that will work for your unique situation. If your situation changes, though, and you can no longer make payments, there are still strategies to consider. 1) Shop for a Loan First Many borrowers shop for a car and then seek a loan. This means they are more likely to purchase outside of their reasonable budget. If you do this, you also run the risk of taking a less favorable loan. You will be on a tighter time schedule. For example, you will be more likely to speak with ... Read More
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DEFAULT AND REPOSSESSION
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