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Misunderestimating homelessness and the mortgage mess
Despite the efforts in some quarters to “misunderestimate” the size and scope of mortgage fraud and homelessness in the United States, the extent of the problem is huge. So huge, that one real estate pro in Atlanta says fully 40 percent of the homes in his neighborhood are vacant due to foreclosure. In California, people are paying $500 a month to sleep in garages.
Despite the efforts in some quarters to “misunderestimate” the size and scope of mortgage fraud and homelessness in the United States, the extent of the problem is huge. So huge, that one real estate pro in Atlanta says fully 40 percent of the homes in his neighborhood are vacant due to foreclosure. In California, people are paying $500 a month to sleep in garages.
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