Once it appears that foreclosure is inevitable, many people pack up their belongings and their families and immediately look for a new place to live. These reactions to foreclosure certainly are understandable, but it is important to put fear and negativity
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If you have not been making your mortgage payments your lender may suggest a deed in lieu of foreclosure; or you can propose this option to your lender. It involves you simply handing over ownership of your house to the lender and getting your loan cancelled
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