Types Of Bankruptcy

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January 27th, 2008

New Trend: ‘Intentional Foreclosure’

Linda Caoli helps lots of families on the verge of losing their homes, including a single mom working two jobs to pay her mortgage.

Caoli said the woman told her “the house across the street, same model, with more upgrades sold in foreclosure for $315,000!”

Her client isn’t the only one thinking about ditching her house to buy the better deal across the street. A number of realtors CBS station KOVR-TV in Sacramento talked to say it’s already happening.

“Can you imagine if you had a same or similar home and your mortgage was half the price?” asks Caoli. Read more



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