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Saturday, September 29, 2007

Real estate recovery hopes fizzle with rise of mortgages in default

Foreclosure filings across South Florida continue to rise, as hopes for a housing recovery have fizzled. The number of people behind on their mortgage payments in July almost tripled in Broward County from a year ago, from 517 to 1,430, according to Plantation-based Realestat.com.

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