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Government foreclosures are sold every day across the nation, and are a key element of the U.S. housing supply. Best of all, government foreclosures offer some of the lowest prices on real estate buyers will find, and can be great opportunities for saving money and making great investments.
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Avoid Foreclosure. Foreclosure is a situation in which a homeowner is unable to make mortgage payments as required, which allows the lender to seize the property, evict the homeowner and sell the home, as stipulated in the mortgage contract. Step one: communicate with your lender
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What Goes Into Debt To Income Ratio Debt-to-Income Ratios The Calculation. To calculate your current debt-to-income ratio, Some Examples. Assume you have a monthly gross income of $3,000. Banks and other lenders use debt-to-income ratios. Improving Your Stats. If your debt-to-income ratio is too high, Other Important.