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U.S. nonprofits bear brunt of foreclosure fight

Story date: 2008-01-08 04:17:00
Added on: 2008-01-08 17:40:15


International Herald Tribune - In 2005 they took out a mortgage for a $412,000 house with a low introductory rate, based on their mortgage broker's assurance that they would easily be able to refinance when the rate went up. But when their mortgage payment reset to $3,000 a month ...


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