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24 April 2008 01:28:56 PM

Five Million Homeowners Face Foreclosure

Millions of Americans could lose their homes this year and next as the rate of foreclosures across the United States rises to the highest in decades. The foreclosure crisis has worsened despite ongoing efforts by some lenders and the government to help borrowers manage their mortgage payments. VOA's Chris Simkins reports on how one homeowner in the southern US state of Virginia is fighting to keep his home

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mortgage foreclosure home homeowner payment property price interest rate magadan refinance economy bank simkins voa news

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