About three weeks ago, I walked into Comfort Home Mortgage in York Township to track down the reason behind the large number of local home foreclosures. Between 2005 and 2006, the foreclosure rate in York County jumped 112 percent. I had done my homework and had a good idea of what I would hear once I sat down with a lender.
About an hour later, when I left Comfort Home Mortgage, I was nervous. Not about my story, but about my mortgage. It seems that if one misses three mortgage payments, a bank may issue a notice of loan default and the house can fall into foreclosure. Many residents who couldn't afford their mortgage payments have had to endure the frustration and embarrassment of watching their American dream sold to highest bidder at the York County sheriff's sale.
Honestly, I had little to worry about.
