America´s Foreclosure capital: Heartbreak along Mockingbird Lane

http://www.denverpost.com/news/ci_3950960

"In April, Colorado had one of every 494 households in some stage of foreclosure"

"Adams County...has the worst foreclosure rate in a state with the worst foreclosure rate in the nation."

"Throughout Adams County, foreclosures have clustered at the low end of the market, where young couples, working-class wage-earners and people with shaky credit hunt for homes of their own."

"Ernesto Rodriguez, who lost the house at 722 Mockingbird Lane, said he simply couldn't keep up with $1,400-a-month payments. He realized, too late, what a high price he paid: $161,900 for a house auctioned at $130,000 and later sold for $145,000."

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Just think, his house was foreclosed, sold and he still owes $15,000!!!

Adams County, my county, is now seeing its library system fall apart. They just announced that they will be closing one branch, which is the first time this has happened in CO without replacement or consolidation in 40 years. Basically, Adams County is still suffering from the Republican recession.

Now think of Iraq. We´re spending $5 billion and loosing around 30 soldiers every month. By any measure, America is doing poorly. People say Bush and Rove don´t know what´s going on in Iraq. I am not surprised because they sure as hell don´t know what´s going on in America.

country.:scared:

try 60 - we are losing about 2 PER DAY in this war of lies. I feel for your economic situation - this will ONLY get worse as ARM's are adjusted UP!! So many people bought houses with NO reserves, no ability to absorb ANY increase in interest rates, NO equity and mortgaged for 30, 40 even 50 years. The economy is in the toilet unless you're a * or Cheney

I think that's actually "Commandments," isn't it?

we got to round up all them Messicans. That'll fix everything.

to take off, a few years ago. The people lenders were targeting for these loans were the most vulnerable and least likely to be able to handle a big increase in monthly payments if their ARMS adjusted significantly. This is going to be a HUGE national story in the next ten years, as Bush's deficit fuels inflation, which in turn triggers higher and higher interest rates. Hold onto your hats, ladies and gents--we ain't seen nothin' yet.

a few miles from me. at least 15 foreclosures per month for well over a two years now..the lower middle class is getting hammered and the ones i`ve seen in the paper are mostly wells fargo bank loans