| mortgages. For this reason, if a borrower has delinquent property taxes, the bank will often pay them to prevent the debt and bill consolidation 1 from foreclosing and wiping out the mortgage. A recent report from the federal reserve indicates a sharp rise in housing values in the past decade. They say that rise has led to a buildup in mortgage debt. Greg McBride, senior financial analyst at Bankrate.com, said the proposed credit won't help homeowners in regions of the country, like debt and bill consolidation 1 York and California, where housing prices have skyrocketed. ``It seems to ignore the plight of a first-time buyer in an expensive market,'' |
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