When Unfortunate Events Happen In Your Own Neighborhood
We live in a very nice and fairly quiet neighborhood that began building out in 1991. It was carved out of orchards and homes were built in phases as they are with pretty much all developments.
Our school district is very desired and ranked as one of the highest in the state, with nice schools and good sports teams. The Median Household Income Demographics for my neighborhood according to zip code ranges from $67,000 to 72,000. We are in the 85% percentile nationally and 93% percentile state wide.
Our town of Wilsonville, has good businesses, friendly people and frankly people who care about their city, it is on the smaller side, 19,509 in the census year of 2010. We are ever growing and working to make sure our city is the best it can be.
I have read in Realty Trac of many homeowners receiving Notice of Defaults, and actually have watched the process as they lose their homes to whatever the circumstances may be. My heart goes out to them, regardless of facts or how they obtained their home. I don't care what their process was.
I think so many people were lured into obtaining loans that were actually beyond what they may have been qualified for, and did not/could not foresee and/or perhaps were not warned of what the possibilities were if the market burst, especially in the excitement of purchasing a new home. Who would have thought at that time, not many.
Many people because of the economy, downsizing of companies, rising costs of utilities, rising cost of food, gas, clothing, losing their jobs, have been hard pressed to find new employment that would sustain their life style, regardless of what it was or is.
It is scary to say the least to not know what will happen to your family if they take your home because you no longer have the means to pay for it, or if you lose your job and not much money coming in. What then?
People are told so many things, like just stop paying your mortgage, stay until they kick you out, whatever the rhetoric may be, easily said and not so easy to live. In my county alone, according to Realty Trac, one in every 645 housing units received a foreclosure filing in December 2011. It may not sound like a lot, but in our area it is. On my street in the last year we have had three short sales/foreclosures and several NODs.
Across and up the side street from me is an example of what happens when circumstances change and you lose control for many unforeseen reasons. Loss of job, not being able to find a job, whatever.
The owners of this house have struggled since 2009 to hold on, being able to pull out sometimes and I guess this time they just could not.
I drove past Saturday and saw the moving trucks and a pod, without a doubt it puts reality in your face on what is happening for so many people. It is sad as I look out my kitchen window and see that storage pod, and I hate what has happened for this family regardless of their circumstances, what they have been or what they currently may be.
I am not privy to that information nor do I want to be, I just know it is happening so much more frequently to all income levels, I just think it is a sad state of affairs for our country and is very unfortunate
When Unfortunate Events Happen In Your Own Neighborhood
