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If you miss your mortgage payments, you may lose your home through foreclosure. Your lender can use foreclosure as a legal means to repossess your home. If you owe more than your property is worth, a deficiency judgment is pursued. Both foreclosures and deficiency judgments have a negative impact on your future credit. You should avoid foreclosure if at all possible. If you or someone you know… Many will tell you what you CAN’T do. I will tell you what you CAN do.
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REGINA ZAK TOMAS