How Does Money Lending Interest Work - Signs point to foreclosure trouble in Vt. - Rutland Herald
But there is at least one major sign that says that could be changing. But that is no consolation to the Vermont families facing foreclosure. Mary Rajda, who does similar work for Neighborworks of western Vermont, based in West Rutland, agreed that the foreclosure problem does seem to be coming to Vermont. That is probably partly because of the lending practices of local banks and partly because speculative development has not been as common as it has been in some states, such as Florida. The sluggish national economy and the rising cost of housing in Vermont is a one-two punch that is pushing affordable housing out of the reach of many Vermont families,” Leahy said in a statement. Learn more
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