Foreclosure Is a Kind of Debt Collection – Here’s How It Works

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Foreclosure exists as a way to force people to pay debts – either because of the threat of having their property taken away, or by actually taking it away. This article gives some of the historical and legal background of foreclosure, explains why it works the way it does, and prepares you to understand the way the process applies and why the Fair Debt Collection Practices should apply to it.

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