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Monday, May 30, 2011

Service members grapple with housing market

Air Force Lt. Col. Michael Ballek talks about short selling his home in preparation for an upcoming transfer to the east coast. Like thousands of service members, Ballek, who bought a home to make room for a growing family, is moving across the nation this summer per the military?s order. Depressed property values have become a national crisis. But for members of the military who must comply with relocation orders or face disciplinary action, waiting out the housing crash is often not an option.




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