Rising Home Foreclosures: a Spiraling Human Cost

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Uploaded by on Jan 30, 2009

To many Americans, their home is their biggest asset and one of their most important emotional investments. The loss of a home can be devastating. As millions face foreclosure amid a crisis in the U.S. real estate market, VOA's Chris Simkins visited with one former homeowner who is struggling with the reality of foreclosure.

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  • banks received 13 trillion in government money

  • mortgage = you technically dont "own" your home.

  • Its a disgrace to bail out the banks, they in turn don't want to help homeowners because they make to much money on keeping the money they got in interest then selling the home at foreclosure

  • if you "own" a home then you don't have to leave. don't say he "owned" his home for six years. he had a mortgage.

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