When home foreclosures almost double in a year, one has to question the local economy;
“Obviously there’s a lot more people having trouble paying their mortgages and house payments,” Johnson said. “It was an alarming number to see how much numbers increased, just from one year to the next.”
Well, let’s look at the facts, high unemployment and even higher underemployment equals not having enough money to pay your bills, couple that with the new Federal guidelines making it tougher to re-finance (I personally experienced this) and what you have is a crisis. Is it bad? Yup. Is it surprising? Nope.