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Post# of 83059
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private_wealth

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private_wealth

Re: rishikaila post# 64279

Monday, 05/17/2010 12:07:04 PM

Monday, May 17, 2010 12:07:04 PM

Post# of 83059
Trustee sale does NOT mean bankruptcy.

A simple analogy is the mortgage process of foreclosure on a home. You owe someone money, you don't pay them, they take the property securing the loan.

Just means you lose your property, not BK.

Hope that helps.
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