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The number of improving real estate markets continued to expand for a sixth consecutive month to a total of 259 metropolitan areas on the National Association of Home Builders/First American Improving Markets Index (IMI) for February.

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Comments Off on Why Banks Foreclose On Homes?

Why Banks Foreclose On Homes?

If you’re a first time home buyer, you may not understand why banks  foreclose on homes. While the term might be familiar in terms of hearing it in other people’s conversations, sometimes the meaning can be a bit muddled. Basically, a foreclosure occurs when the homeowner defaults on the payments and the bank takes [...]