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Local homeowner paying price of recession

2014-11-02 11:00:58| Real Estate - Topix.net

Patricia Salek owes four times the worth of her home on Ormsby Street after she was duped during the recession. Back in May 2008, the foreclosure crisis was raging full bore, but money still flowed like water and people who were unfamiliar with the real estate market were still being lured into buying homes, often for far more than the homes were worth.

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