Did you know that foreclosures stay on your credit report for 7 years? Scary right? It's so true, which makes it harder to find a place to live. Just imagine if worse comes to worse, where would you live for 7 years? Foreclosures is every "home owners" enemy. Why go through the embarrassment of being evicted and maybe ending up living out in the streets? I am sure that's no home owners dream to be foreclosed on. Tax liens, overdue mortgage payments, etc I understand the situation.
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