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Posted by RSI on May 30, 2007 at 18:43:17:
In Reply to: Foreclosure posted by Steve K. on May 30, 2007 at 17:51:49:
death, disability, incapacity, etc., will not garner much by way of lender support in forestalling a foreclosure action.
Lender interest falls squarely in continued loan performance. As long as the mortgage contract is not defaulted you could reasonably expect the loan to remain in force until term....whether the mortgagor is deceased or not.
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