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Posted By: barrysloate

Even if the percentage of foreclosures is small-and is that miniscule 0.1% number really correct- that picture doesn't tell the whole story. There are a fair number of families who are able to just barely make the mortgage payments and hang onto their homes, who live from paycheck to paycheck and have a relatively low quality of life. They have no savings, plenty of debts, and maybe no health care, so I don't think the picture is quite that rosy at all.