More owners facing foreclosure

Many paying a price for easy credit
Sunday, April 22, 2007 BY LINDA STEIN
Two years ago, when the housing market was booming, William Soodul figured he would reduce his costs with a “creative mortgage.”
He took out a $226,500 adjustable-rate mortgage on his A-frame home in Allentown with a 1.8 percent interest rate and monthly payments that […]

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