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'An unsettling adjustment'

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An unsettling adjustment

By Art C Ryter at 04/17/07 18:58

Presents the case of San Diego residents trying to sell their home before defaulting on their mortgage or losing their home to foreclosure. Although the couple makes over $90,000, their mortgage payments are rising at astonishingly high rates. Many similar cases are happening across the nation: Homebuyers bought homes with the intent to refinance within a year in order to reduce their monthly payment instead got stiffed with a high payment, an overvalued property, and rising interest rates. The article has a section on places to get help to avoid foreclosure.

Original source: . [404 Check: was link to http:/ / www. signonsandiego. com/ news/ business/ 20070415 -9999 -lz1h15mortgag. html, anchor: An unsettling adjustment]

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avoid foreclosure California 'An unsettling adjustment'