American dream of homeownership continues amid foreclosures

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By now, nearly five years after the real estate market meltdown began, you’d think virtually no housing consumer has been unaffected. To start, more  than 5 million homes have been foreclosed and repossessed by lenders; 10 million homeowners are underwater (owing more on their homes than the homes are worth); and untold millions who want to offload their homes either can’t or are trying — and struggling — to sell.

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American dream of homeownership continues amid foreclosures