Definition of Terms – Alternatives to Foreclosure

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Posted on 19 Jul, 2010 by
Definition of Terms – Alternatives to Foreclosure
When it comes to the decision for what path to follow for your alternative to foreclosure, there are many terms that are thrown around, most of which might be very misunderstood.  They all have a different approach, as well as a different result. Strategic Default – This is the decision by a borrower to stop making payments on their debt, even though they have the ability to make the
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