Article: Foreclosures affecting local families
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
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