Wait a minute… I thought only California had lots of people that took out dangerous loans, and are now at risk of foreclosure.
Counselors overwhelmed with calls from desperate homeowners
Housing advocates and lending counselors say they’re being overwhelmed with calls for help from desperate Seattle-area homeowners, many on the brink of foreclosure.
As interest rates reset, thousands of Seattle-area homeowners are facing skyrocketing mortgage payments – payments many people just can’t afford.
(Linda Byron, KING 5 News, 08.28.2008)