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What Does the ‘Foreclosure Crisis’ Mean for You?

Wall St. Journal:  “The Recent Fracas May Not Hit You Where You Live— But the Fallout Could Affect You in Surprising Ways.  But the fallout from the [mortgage] crisis is beginning to be felt in real-estate markets across the country, particularly in places dominated by vacation homes and investment properties. Some of the worst-hit areas could be Western ski towns, because fall is the busiest time of the year for sales.  Real-estate salespeople in some of those places are worried.”

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