As everyone knows real-estate has been reeling with problems lately. Property values have dropped significantly, making foreclosures for many homeowners immanent. Home foreclosures in fact are at an all time high.
Well, there is more to impending foreclosures than meets-the-eye. Devalued property values are not the only problem. Rapidly rising fuel costs and layoffs have added to and made the situation even worse. For those who made variable interest rate mortgages, that doesn't help, either.
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