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Eric Hartley: Foreclosure turns American dream into nightmare

Published 02/14/08
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The calls started picking up in early fall.

Arundel Community Development Services used to get 10 calls a month, if that, from county residents facing foreclosure on their homes.

 

Now the nonprofit, quasi-public agency gets that many calls in some weeks. Terri Martin, a senior financial adviser with ACDS, said the volume of foreclosure cases has tripled.

Statewide, the figures are even more dramatic. The foreclosure rate was up 639 percent from the third quarter of 2006 to the third quarter of 2007, said Thomas Perez, state secretary of labor, licensing and regulation.

And it's not just poor...

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