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Oil Industry Challenges Fuel Foreclosures

Embed from Getty Images After family deaths, two mortgages, and over 350,000 layoffs in the global oil industry, one West Texas homeowner anguished over the fate of his beloved family home. Days before Thanksgiving, he was laid off from his job at a Houston oil company. He sought relief from banks and lenders, but was repeatedly faced with rejection. "When I sent payments to these lenders, they would send them back, telling me they needed more," he explained.
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