New York Times
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Parallel Paths
Apr 02, 2010A recent New York Times headline read: “Program Will Pay Homeowners to Sell at a Loss.” The article goes on to describe how the program will pay you to move out of your home so the bank can sell it.
In contrast, the Detroit Free Press described a program that will pay you to stay— move in, not out. You agree to occupy a foreclosed home, pay a monthly fee, no taxes or insurance, just mow the lawn and pay your utilities, and the program may refund half of what you’ve paid when the property is sold.
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