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by CareyBot

By JANIS MARA With about 1 million homes in foreclosure at the close of the second quarter, according to a Treasury Department report released last week, the American dream is going into reverse at bewildering speed for homeowners across the country. For some former homeowners, renting provides financial relief or a new beginning. And while those interviewed for this article became renters for different reasons, they all plan to be owners again. Frances Flynn Thorsen is one of the last people you would expect to lose a home to foreclosure. As a Pennsylvania Realtor, she helped hundreds of clients keep their homes over the last 22 years, working as an specialist for bank-owned properties (REOs) and HUD homes (homes that are sold by the U.S. Housing and Urban Development Department...