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Title : The Most Common Problems In Resolving a Foreclosure
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The Most Common Problems In Resolving a Foreclosure

The most common problems in resolving a foreclosure are the homeowner's inability to get non-conflicting information, and his ability to make timely decisions. His indecision is reinforced by information from numerous sources including real estate investors, the lender, realtors, mortgage brokers, and bankruptcy attorneys. All of these individuals have a vested monetary interest in a specific resolution to the homeowner's problem.

The real estate investor wants to purchase the home and resell it or rent it. He does this to make a profit on his investment. Homeowners in foreclosure are not in a frame of mind that is conducive to logical thinking and they can make poor judgments especially if the information they get is not accurate. There is potential abuse by investors and a number of states have enacted regulations effecting how investors deal with foreclosure victims.

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