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For 1 in 6, home loan exceeds sale value

LR seen as faring better than most

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The relentless slide in home prices has left nearly one in six U.S. homeowners owing more on a mortgage than the house is worth, raising the possibility of a rise in defaults — the very misfortune that touched off the credit crisis last year.


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This article was published Thursday, October 9, 2008.

Front Section, Pages 1, 5 on 10/09/2008

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