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Foreclosure help

Angeles City Councilman Richard Alarcón sought $5million in foreclosure assistance Wednesday for residents in danger of losing their homes as the housing market continues to unwind. Gregory J.. Wilcox n the Daily News.

Alarcón's Emergency Foreclosure Assistance Program would be administered through the city's Housing Department, providing loans and grants to residents threatened with foreclosure. The loans would likely average from about $5,000 to $10,000.

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