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The three main causes for her and other people to loose their jobs in real estate are due to: economic turmoil, banks unable to provide loans to buyers, and unemployment being at its worst in 15 years.
Economic turmoil is affecting individuals all over Ocean County as well as globally. Foreclosures remain high, and will probably continue to rise. Bankruptcies have increased, and this will probably continue. Charge offs of credit card debt are high and rising. There remains the question about further charge offs at major financial institutions. In addition, if the economy is going to get softer, delinquencies and other financial dislocations are going to increase...
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