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  2. Flex Modification Program (FMP): Everything you need to know

    www.aol.com/finance/flex-modification-program...

    Step 1: If your lender hasn’t already contacted you about Flex Modification, reach out and ask for a borrower response package. Step 2: You’ll need to complete and sign the borrower assistance ...

  3. What is a foreclosure? How it works and how to avoid it - AOL

    www.aol.com/finance/foreclosure-works-avoid...

    A foreclosure occurs when a lender takes control over a property from a borrower for failing to make timely payments. A foreclosure can damage your credit score and result in loss of property. As ...

  4. 3 Things About Foreclosure You Should Know - AOL

    www.aol.com/3-things-foreclosure-know-150019972.html

    Here's what you need to know about foreclosure -- and how to avoid it. 1. It doesn't happen right away. If you're worried that a single missed mortgage payment will cause your home to be ...

  5. Real estate owned - Wikipedia

    en.wikipedia.org/wiki/Real_estate_owned

    Real estate owned. Real estate owned, or REO, is a term used in the United States to describe a class of property owned by a lender —typically a bank, government agency, or government loan insurer—after an unsuccessful sale at a foreclosure auction. [1] A foreclosing beneficiary will typically set the opening bid at such an auction for at ...

  6. Foreclosure - Wikipedia

    en.wikipedia.org/wiki/Foreclosure

    Software. v. t. e. 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. [1] [2]

  7. Drive-by inspection - Wikipedia

    en.wikipedia.org/wiki/Drive-by_inspection

    Drive-by inspection. Drive-by inspection is a quick assessment of a property. [1] Drive-by inspection, or q uick property assessment of properties are performed to assess a real estate property, such as of by field investigators for out-of-town landlords of rental property. [2] Drive-by inspection services are primarily used by financial ...

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