One lawyer calls it “Chapter 2″ of the housing crisis: Increasingly, home foreclosures are the result of job loss, not subprime borrowers’ getting slammed by resetting variable-rate mortgages or payments they’d have had trouble making even in a healthy economy.
And, experts said, solutions such as refinancing, stretching out loan terms and reducing interest rates are tougher to find when the household has either a greatly reduced income or none at all except for unemployment benefits




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