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    alabamagirl's Avatar
    alabamagirl Posts: 2, Reputation: 1
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    #1

    Oct 21, 2009, 03:27 PM
    Understanding foreclosure and repossession
    I went through a foreclosure, but on my credit report it shows up as a repopssession. Can the mortgage company do that?
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #2

    Oct 21, 2009, 03:51 PM

    Please post once - yes, a foreclosure is a type of repossession. Usually it just says foreclosure.

    In the long run it doesn't matter once after it hits your credit report.
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