Find a video of an interesting foreclosure story. In the process explain:
- Is it a judicial, non-judicial, or strict foreclosure?
- It was a case of strict foreclosure.
- Why did this get foreclosed on?
- It got foreclosed on because of its they could not keep up with the payments of the house.
- Was there a type of loan that helped contribute to failure?
- No.
- What was the circumstances of this case?
- What caused this foreclosure was the market crash of 2008, it led to them liquidating their savings accounts to pay off the mortgage payments. This helped them for several months, but inevitably they ran out of money for the mortgage payments.
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