Economy

December 11, 2009

Long-time jobless become new faces of foreclosure crisis

With no job and his savings depleted, Gregg London couldn't pay his family's mortgage. Still, he was confident his years in business equipped him to negotiate a lower mortgage payment and save his Mount Holly, N.C. home. For more than eight months, however, he and his life partner were trapped in a maddening loan modification morass.

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