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Recession adds to financial burden of divorce
Just before the recession began battering their finances in 2007, a Huntington couple decided to divorce, planning to split the proceeds of their house, appraised at $1.5 million just a year earlier. But soon after that, their home's value plunged. Joseph C., an industrial equipment distributor, and his wife had a $600,000 jumbo mortgage to pay off and a real estate market that forced them to sell...
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