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Short Answer: Yes. You signed paperwork on the construction loan that would be very similar to the final loan. They will foreclose and sell the house at a sheriff's sale.

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โˆ™ 2014-09-24 23:19:51
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Q: Will a foreclosure on a construction loan have the same effect as foreclosure on an existing home?
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Does home foreclosure effect your ability to get a federal stafford loan?

No, it does not


Does home foreclosure effect ability to get student loan?

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what is the time for foreclosure on a home in california?


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