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by statute to a device for creating a security interest in land. When the landowner fails to perform on the obligation secured by the mortgage, the mortgage holder may file a foreclosure to cause the property arizona direct lender be sold at auction, usually by the sheriff. "You`re looking at 15-to-30 years payment on a credit card with a balance arizona direct lender $20,000 if you`re just making that minimum payment," Simmons says. An equity loan is a mortgage placed on real estate in exchange for cash to the borrower. For example, if a person owns a home worth $100,000, but does not currently have a lien on it, they may take an equity loan at 80% loan to value (LVR) arizona direct lender $80,000 in cash in exchange for a

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