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“LOS ANGELES – Rosalyn Dalebout rents out space in her home to three tenants, has cut off her phone service and canceled her earthquake and life insurance — all to pay her mortgage every month.
So far, she’s one of the lucky ones.
More than 1 million American households are likely to lose their homes to foreclosure this year, as lenders work their way through a huge backlog of borrowers who have fallen behind on their loans.”
see full AP story here
John Rogers, Kentucky Bankruptcy Attorney