Foreclosure Terminology

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If you are behind in your mortgage payments, facing foreclosure, in the midst of a foreclosure, or trying to avoid foreclosure, you are likely to encounter terms you don't understand. Below we've compiled the most common (and not-so-common) terms that you'll find when reading about and trying to understand how foreclosure works, alternatives to foreclosure, popular government modification programs, foreclosure defenses, and more.  

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