Trying to sell a home in a neighborhood where nobody is buying can be an extremely trying time for a seller. Foreclosures are on the rise, fueled by subprime loans that never should have been made and overeager investors betting on dreams of continued double-digit appreciation. Sadly, we are now feeling the results of too much credit chasing poor or borderline borrowers. Yet people who default on their homes still need a place to live, and many of them are well-meaning consumers who hold down decent jobs. While they have shown they are not able to pay the huge monthly payments that come with high-interest-rate loans, they are capable of paying a fair monthly housing expense. Three years ago, Tom DiMercurio, a veteran of 37 years in the foreclosure business, was the first to label...
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