What causes house foreclosure?

raman   November 6, 2011   Comments Off on What causes house foreclosure?

Among the leading causes of foreclosure are the decline in economy and the high unemployment rate.Foreclosure is caused due to default in repayment of home loan but this default is caused by several causes.Medical problems caused by an illness or an injury are a leading cause. Not paying taxes could also cause foreclosure of the house as can the non payment of insurance or mortgage.

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