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This could result in missed mortgage payments and the eventual foreclosure of these home. ontario foreclosures The lender of Canada has now stated that Canadian household debt levels are all-around an …

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Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan.. Formally, a mortgage lender (mortgagee), or other lienholder, obtains a termination of a mortgage borrower (mortgagor)’s equitable right of redemption, either by court …

"There’s a lot of foreclosures in the pipeline … It was followed by Phoenix and the California cities of Modesto, Stockton, and Riverside-San Bernardino-Ontario.

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Merced, and Riverside-San Bernardino-Ontario all remained at the top of the list. One trend in the data is encouraging. It appears the home purchases in the cities where foreclosures are the worst may …

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