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Old 07-02-2009, 03:47 PM
homealone homealone is offline
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Default Any Advice??

A friend of the family was renting a home not very far from where we live.

Though our friend was recently told that she would have to move out, because the home she was renting was going to be foreclosed on soon.

She was told she by the owner of the home that she would only have three weeks to find another place and move out before the house was taken by the bank.

This was a total surprise for her, and has completely caught her off guard. There is no way she can find another place, get her home packed up, get utilities taken care of in just a matter of three weeks.

Does anyone have any advice on what she can do? This is of course putting her into one heck of a situation along with her children.

Apparently the owner of the home, took out a loan on the house to purchase another home. Then stopped making the loan payments. This of course means that the bank is now taking action against him, and is taking the house he took the loan out on.

Does anyone have any suggestion that would give her more time, or possibly even keep her in this house?

Thanks everyone!!
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bank foreclosures, home owners, rental properties

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