The reality of the foreclosure problem is hitting many here in the Outer Banks real estate market. Little help seems to be forthcoming from our Legislature. One of the writers for Realty Times is well known for his opinions on this subject, and I feel this one is well stated. Although our foreclosure issues have, in many cases, been brought on by our "over spending" and "consumerism" and the lifestyle "we want to live," there are those who have been lead into this difficult path due to past lending practices. This article speaks to the need to assist people who believe they have been misled.
Frankly, the costs incurred by lenders and others in the disposition of foreclosures may be lessened if some help were available to folks who truly want to resolve the issues and keep their homes.
Read the article by Peter G. Miller . . . .
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