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"Bond approved" on a foreclosure indicates that a court has authorized a bond, which is a financial guarantee, typically required to proceed with the foreclosure process. This bond serves to protect the interests of the parties involved, ensuring that any claims or damages arising from the foreclosure can be compensated. It often signifies that the foreclosure is moving forward and that the necessary legal and financial requirements have been met.

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5mo ago

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Can you get approved for a home after foreclosure?

You are typically off the market for about 3-4 years after a foreclosure.


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