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December 2018 Archives

Take proactive steps to avoid foreclosure

A foreclosure is a serious legal process that involves the repossession of real estate from a buyer to a lender who has financed its purchase. Many Wisconsin residents may be familiar with the concept of foreclosure in the residential housing market as it is a significant tool that lenders use to take back properties that buyers cannot pay for under the terms of their mortgages. However, foreclosure is not limited to only the residential market, as it can affect commercial properties as well.

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