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credit: jdj150

In even more depressing news for the United States housing market, experts believe that it will become incresingly more difficult to get a traditional mortgage, even for those with a good credit record.

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credit: Kanou HirokiIt seems like most finance news is bad news lately, and unfortunately this is no different: In February 2008, the national foreclosure went up 60%, compared to foreclosures in February 2007.
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It seems like an odd concept: you spend most of your life paying off your mortgage so that you own your home. Then, when you retire, you can do the exact opposite - take a reverse mortgage and have the bank pay you instead.

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