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Monday, April 24, 2006
If it's too good to be true...
Authorities say [mortgage scams] are on the rise as more homeowners find themselves in trouble. That's because buyers tempted by adjustable-rate mortgages back when interest rates were low are now facing much higher payments. That has made them easy prey for unscrupulous lenders. Nationally, more than 323,000 homes were in some stage of foreclosure during the first quarter of this year, up 72 percent from a year ago.
Be informed and suspicious of "miracle" offers. Click here for more details.
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