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Old 09-15-2010, 10:31 AM
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Default what happens if house is in foreclosure?

what happens if ones house falls into foreclosure,and is pulled out of foreclosure before sell date,and goes back into foreclosure several months later? other then ruining ones credit,can the house be pulled out of foreclosre again?
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Old 09-15-2010, 01:24 PM
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Yes, the whole process must be done again once the mortgage was "re-established".
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Old 09-15-2010, 04:30 PM
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In general the answer is yes. But your question pre-supposes why it was pulled from forclosure.There are a lot of reasons why it might have been pulled, the bank may have changed its mind based on any of them. Not all of them reflect the actions of the mortgagee. It is simply the bank's choiceBUT, bottom line, if you go into foreclosure, even if the house is pulled back from sale, your credit is already tanked..
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