I found this article in my local newspaper and thought it was a very interesting read:
Of course, I figured the rate of foreclosures was up, but I didn't realize by how much. And this is a town with a fairly stable employment pool, so there haven't been big layoffs or anything of that nature feeding this.
I also found it interesting that the representative from the banking association points to sub-prime lenders as the problem, not reputable commercial banks, and yet 20 out of the 35 foreclosures in July in my county were by traditional banks.
I can't believe people can live with such filth. I guess when you realize you're losing your house, you just don't give a hoot anymore.