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Menlo Park's Foreclosure Safety Net

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Menlo Park is going to be a guinea pig in a plan to keep foreclosures from churning its housing market too badly. The idea: the city takes a 30 percent stake in homes that are in danger, and the owner then gets a "silent second mortgage" at 70 percent of the home's fair market value. Family gets to keep home, kids get to stay in the same zip code, and the neighbors foot the bill. Let the grumbling begin! [SF Gate]