As the mortgage crisis continues to grip South Florida, many people who are delinquent in their mortgage payments and facing foreclosure become desperate. The Associated Press recently reported that Florida, California, Arizona and Nevada comprise 46 percent of the nation’s homes in foreclosures. The media have repeatedly focused on South Florida as an area where residential real estate values have been hit hardest. The reasons people find themselves facing foreclosure are varied. Some overextended by spending more than they could realistically afford. Others made prudent home financing decisions, but since have been laid off and are unable to make once-reasonable […]
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- Rob West
- 29 Aug 2009
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