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Foreclosure crisis hits families, neighborhoods, towns

20.05.12

The Harrisburg region has dodged the hardest blows of the national foreclosure crisis. But we’ve certainly been bruised.

Nearly 14,000 Harrisburg-area property owners have lost their homes to foreclosure since 2008. The foreclosures involve all neighborhoods, from downtown Harrisburg to suburban golf course developments. And the impacts extend far beyond foreclosed property owners.

Nationally, about 8 percent of homeowners are delinquent, not counting people already in foreclosure. In the Harrisburg region, less than 7 percent of homeowners are delinquent, according to Lender Processing Services. Stockton, Calif., where one in every 143 homes received a foreclosure notice in October, recently took over the national lead in foreclosures. The local foreclosure leader is Dauphin County, where one in every 706 homes received a foreclosure notice in September. That gave the county the second-highest foreclosure rate among Pennsylvania counties. Lebanon County had one

Source: Patriot-News

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Travel - 1907
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Creator: Southern Pacific Company. Passenger Dept | Cooking - 1908
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1000 Stockton renters will get foreclosure warnings
News10.net - Feb 18, 2011
"They pay their rent every month, and they think as a result they will continue to be able to live in their homes." Federal law requires a minimum 90 days notice following a foreclosure sale before tenants can be forced to move.