As home values continue to fall, lenders increasingly are deciding not to fund loans for new homes - even those that are partially or completely finished - because they're worth so much less than the originally agreed upon loan amounts.
September 09, 2009 at 02:30 AM
1 minute read
Every day, Mary McCarthy must drive past the finished dream home in her front yard to the mobile home where she has lived for 20 years.
The new home was finished in February, but she can’t move in. The home is not legally hers, though it sits on her property.
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