An auction sign stands in front of a foreclosed house on Oct. 29, 2012 in Warren, Ohio.
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FORECLOSURE FOR CHRISTMAS: This may have been the last Christmas Courtney Scott, a retired nurse, got to spend in her modest suburban Atlanta home. On Monday, as her battle to grab and hold onto the American Dream entered its fifth year, Bank of America sent her another foreclosure notice – her fourth. Though the housing market continues its halting recovery, thousands of homeowners such as Scott are still struggling in the aftermath of the worst financial collapse since the Great Depression. Even as the overall foreclosure level has retreated to pre-2006 levels, the average length of cases already in the pipeline has increased. Read more

U.S. DOLLAR TO WEAKEN?: The U.S. dollar is expected to weaken further next year as the global economic recovery takes hold and the currency loses its safe haven premium, according to analysts at Wells Capital Management. Read more

DEBT DEFAULT: Many advanced economies are likely to require financial repression, outright debt restructuring, higher inflation and a variety of capital controls, a new research paper commissioned by the International Monetary Fund has warned. Read more

STOCKS CLOSE MIXED; BERNANKE SAYS ECONOMY SHOULD CONTINUE TO IMPROVE: Read more

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Business Latest: Home seizures

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