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This year I have just payed my way out of forcloseure and have learned that my arm loan will be up in May. This meens that my instret rate is going to go up. i will not be able to afford my mortgage payments if it goes up. I have had my place for sale for a year. No one will refinance me because of my credit. My loan was bought by a debt collector. What will happen if I have to forclose? WillIstill owe money? Can I do a DIL with a debt collector?
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