Freshman fashion designer's plan for distressed real estate nets $5K

Foreclosure.com essay challenge draws 10K submissions

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Cindy Clinton, a freshman fashion design student at Parsons The New School for Design in New York City, has a fix for the foreclosure crisis.

And it’s already proven profitable — to the tune of $5,000 she won in a Foreclosure.com contest for her 2,000-word essay describing her proposal.