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I was reviewing the local sheriff real estate sale results and noticed that several houses were bought by mortgage companies. Don’t they want to get rid of these houses? Why are they buying them?

 

California realtors and mortgage brokers and loan processors – are you guys looking for a job or waiting for housing to get better again?

 

I am wondering if the mortgage company can change the terms of the mortgage once I am responsible for the payments. Thanks.

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