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Mayors "Foreclosure Forum" Scheduled In Detroit.
Associated Press (2007-11-21)
A sign reading 'Foreclosure For Sale' is posted on a house in the Boston suburb of Dedham, Massachusetts
DETROIT, MI (wosu) - Columbus Mayor Michael Coleman is one of a small group of mayors who plan to meet in Detroit next week for a home foreclosure forum.

Detroit Mayor Kwame Kilpatrick says the meeting isn't aimed at creating legislation, but rather at finding a local solution to a growing national problem.

One consumer group says cities can't afford to wait for action in Washington or at the state level. Tuesday's meeting will be closed to the news media, but the mayors plan to release a report on the economic ripple effect of foreclosures on major metropolitan areas.

Kilpatrick calls the foreclosure issue the "ultimate tsunami."
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