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Forclosure Homes For Sale
Foreclosure is a legal action taken in professional proceedings against someone who has not paid back money that they borrowed to purchase a property. When a person borrows money from banks or other financial institutions she/he pledges or mortgages a piece of valuables as a security deposit. There is made a certain agreement between borrower and lender for the payment of the loan failing to which leads foreclosure of the property that the borrower has purchased.
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