Het Neoliberale Geloof 40

'Crushing Sales
More home owners are struggling to make house payments

TRAVERSE CITY — Dawn and Scott Hentschel came within a sliver of losing their home after Scott, a construction worker, was laid off two months earlier than usual last fall.
The couple saw a legal notice in the newspaper and then a note in the mail that said their bank planned to foreclose on the two-bedroom, ranch-style house they bought two years ago.
"I was horrified,” Dawn said. "We have three kids. Where are you going to go next? I don't want my kids to be homeless.”
Last year saw a crush of local foreclosures, and the rate is even greater this year. Grand Traverse County recorded 179 sheriff's deed sales in 2006, more than any other year this decade. This year, there have already been 108 through May 11.
It's not just local.
In the fourth quarter of 2006, 44 states saw an increase in the foreclosure rate, according to the Mortgage Bankers Association headquartered in Washington, D.C.
Michigan was the third highest, with 2.39 percent of mortgages being foreclosed, twice the national rate of 1.19 percent. Only Ohio and Indiana were higher.
In a typical foreclosure a homeowner receives notices from the bank for missing payments, before the bank places a foreclosure notice in the newspaper. The sheriff's department then includes the property in one of its regular foreclosure sales. After the sale, the owner has a set period of around six months to redeem the property by arranging an agreement with the high bidder or the bank.'

Lees verder: http://www.record-eagle.com/2007/may/27forenews.htm