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    Foreclosures are properties that have been repossessed, usually because the owner has gotten into some sort of financial trouble and is unable to pay their mortgage. When this happens, the lender has a number of options to start a process called foreclosure. While laws surrounding real estate repossession vary by state, in most states, lenders can start proceedings after three months of non-payment.

    The foreclosure process also varies depending on the lender and on the type of loan that the borrower has defaulted on. If a loan has been insured by the FHA or VA, for example, the lender can apply to these organizations in order to get t

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    and is unable to pay their mortgage. When this happens, the lender has a number of options to start a process called foreclosure. While laws surrounding real estate repossession vary by state, in most states, lenders can start proceedings after three months of non-payment.

    The foreclosure process also varies depending on the lender and on the type of loan that the borrower has defaulted on. If a loan has been insured by the FHA or VA, for example, the lender can apply to these organizations in order to get

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    While laws surrounding real estate repossession vary by state, in most states, lenders can start proceedings after three months of non-payment.

    The foreclosure process also varies depending on the lender and on the type of loan that the borrower has defaulted on. If a loan has been insured by the FHA or VA, for example, the lender can apply to these organizations in order to get

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    f non-payment.

    The foreclosure process also varies depending on the lender and on the type of loan that the borrower has defaulted on. If a loan has been insured by the FHA or VA, for example, the lender can apply to these organizations in order to get

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    aulted on. If a loan has been insured by the FHA or VA, for example, the lender can apply to these organizations in order to get the money owed. The property is handed over to the HUD or VA, and the lender gets his money. The HUD or VA, in turn, make the property in question available for sale in order to earn back some of the money they had to pay to the lender.

    In cases where the loan is not insured by the government, the lender repossesses the property themselves. The property is often sold at auction, where the lender may bid on it. If the lender re-buys the foreclosed property at the public auction, he or she can then resell it a

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