An estimated 1.8 million families will face foreclosure this year. Not only do foreclosures have a disastrous financial impact on a family, but they also have harsh consequences for entire communities. Just one or two boarded-up homes can send a residential block into a downward spiral, driving down property values and leading to increased crime, rundown schools, and flagging economic growth. Studies show that roughly 50% of delinquent borrowers avoid contact with their lender hoping the …
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