Article: Foreclosures affecting local families

edited October 2008 in Seattle Real Estate
Facing foreclosure, Puget Sound families rush to hang on to their homes

By Elizabeth Rhodes
Seattle Times business reporter
It's like a chain-reaction pileup. Thousands of desperate homeowners — people like David Hall and Cheryl Miller — have fallen behind on their house payments and face foreclosure. They've turned to their lenders and local housing-counseling agencies for help, quickly overwhelming both.
As the mortgage meltdown continues to generate a swell of foreclosures, the desperate call for help is growing, Puget Sound housing counselors say. Statewide, August foreclosure activity was up 64 percent from the previous August, reported RealtyTrac, a foreclosure-information provider. That represents 2,762 households in the state in trouble.
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http://seattletimes.nwsource.com/html/l ... ose20.html
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