The housing crisis in the San Francisco East Bay Area and in many regions of the country has reached dire proportions, with seemingly no end in sight. But it doesn't have to be this way. There is a five-step solution to fixing the foreclosure crisis caused by poor lending practices of recent years.
The majority of loan defaults associated with residential mortgages can be avoided, but only if the banks holding and servicing the loans are willing to change the way they do business and begin working with their customers.
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