Monday, November 15, 2010

NC on Schedule to Break Foreclosure Record

Prediction: 70,476 total foreclosure filings in NC before Thanksgiving.

Last year: another record high of 63,286, but that was last year.

"While some foreclosures came from speculating investors and second-home owners, most are indicative of people who just got caught in loans they couldn't afford, especially if they lost a job or had a serious illness."

The bleak silver lining: "...most foreclosure experts say the crisis will peak next year."

Well, at least our new Republican majorities in the General Assembly are well disposed toward helping people out, rather than coddling the big banks, and praise God for their determination to exempt NC from health insurance reform, so that the terminally ill can also be terminally out in the street.

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