Question on buying a second house?

Tips and Deals Forums Home Insurance Question on buying a second house?

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      Anonymous
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      My parents bought a house on loans in 2004. It cost was around 300K. We lived there for 5 years. The morgage went up so the house went into foreclosure. We’ve been living in an apartment for the past few years since the foreclosure. My parents recently want to buy a house with cash. no loans. They are planning on getting a house custom built. Can the bank take this house away from them? Can any other problems arise from this?

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