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The process of paying off one loan with the proceeds from a new loan secured by the same property.

Rates shown are not available in all states. Bills have been introduced in Congress to make this deduction permanent for homeowners, getting into homebuying shape takes time and determination. Wells Fargo and Bank of America previously offered reverse mortgages but ceased all Originations of reverse mortgages many years ago. The decree of foreclosure by sale should not adjudicate the rights of the parties to the funds realized; those rights should be determined by way of supplemental judgment.

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