Besides the possibility of having nowhere to go after foreclosure and being publicly humiliated during an eviction, one reason homeowners may try and stay in a foreclosed house as long as possible is that they do not believe they will ever own a home again. After all, banks would never lend to foreclosure victims, right? Wrong — and by keeping in mind a few simple principles and applying them for the first few years after losing a home, borrowers may find it quite painless to qualify for a new mortgage.

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