Foreclosures loom this holiday season

Monday, December 3, 2007 | 10:00 a.m. CST; updated 8:00 a.m. CDT, Tuesday, July 22, 2008

Maybe, if you heard that the price of gasoline didn’t seem to prevent people from traveling during the Thanksgiving holidays, it would be easy to believe that the economy was pretty good. But if you stayed tuned in to the national news, you soon became aware of the fact that scores of Americans are likely to lose their homes to foreclosure in the coming year. It’s sad to think of all those families who will be spending their last holiday season in their own homes. The crisis in the housing market undoubtedly will continue to squelch the hopes and dreams of millions for a long time.

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