Thursday, February 5, 2009

Forclosure

 Its called a foreclosure when the mortgage lender has to reclaim your house if you cant pay for it. foreclosures is a legal proceeding that occurs when a homeowner (mortgagor) fails to make the agreed upon mortgage payments and the holder of said mortgage (mortgagee), typically a bank, evicts the homeowner, seizes that property and sells it to another individual. The way i look at it is being an indian giver. Taking back something that they have given to somebody already. The current problem has been effecting some of my friend's moms. Such as, State Champion, Vince Cicciarelli, and current baseball player Billy King.

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