Quote:
Originally Posted by retiredguy123
The way to avoid foreclosures is to require a 20 percent down payment to buy a house.
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not sure how that relates to losing income to pay the mortgage, there are many ways which the average person can fall into a financial hole including an employment hole, and have a hard time paying a mortgage.
Both my prior boss and i were out of work for 3 years at different points in our lives, and not for lack of trying to get a job. . I even was hauled to court for not being able to pay child support, and again not for lack of trying. .