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Monday, October 21, 2013

Foreclosing or Walking Away from Your Home Has Consequences

Home owners that foreclosed, walked away or defaulted on a previous mortgage are finding it hard to get financing now that the housing market seems to be turning around.  They shouldn't be surprised.  Their activity stays on their financial records and often impacts FICO scores, which is the gauge lenders use to determine lend-ability.  That's why it's key to always live below your means and have emergency savings.

More - Mortgage Relief Program

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