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November 01, 2005


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Purchasing a new home to bail out on a mortgage that will soon be too expensive can often provide homeowners with additional benefits in terms of their credit, as well. With two mortgages, the late payments and foreclosure of the first house will not drag down the homeowners' credit scores as much as if they owned only one home. This can offset some of the devastating effects of foreclosure and allow foreclosure victims to obtain new credit in a much shorter time than if their only home was foreclosed. If homeowners understand the moral and financial consequences of such an action, this method of avoiding becoming a former homeowner can give families a great head start on the road to financial recovery despite a very recent foreclosure.


This will help foreclosure victims to obtain new credit in a much shorter time, if their only home is foreclosed, and shows a new way to get start for financial recovery.


Two mortgages are almost impossible to pay, when there's a big risk of losing my job now. I'm avoiding foreclosure by assisting professionals about it.

Verim Ticari

Thanks for sharing, I love reading you should post more often...

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Frances Flynn Thorsen

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