Monday, July 16, 2012

California Gold Rush? Righting Underwater Mortgages

California Gold Rush? Righting Underwater Mortgages
Ever since the housing bubble collapsed, the federal government has refused to take major initiatives to help underwater homeowners. As a result, we are likely to see close to 1 million foreclosures both this year and next, with the numbers only gradually slipping back to normal levels by the end of the decade.

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