Housing foreclosures hits Latino homeowners hard

he real estate boom of recent years ushered a record number of Latinos into the housing market. The community hit a milestone this year: Half now own homes. But the recent credit crunch and escalating foreclosure rates threaten to erode some of the gains.

Hundreds of thousands of homeowners across the nation — including nearly 100,000 in California — are in danger of losing their homes to foreclosures. Many of them are Hispanic - foreclosures in the community are estimated to reach $24.8 billion this year, according to the National Association of Hispanic Real Estate Professionals.”*

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