Dreams ruined, he walks mortgage plank
Finally able to speak, he apologized profusely through his tears, saying it had just sneaked up on him, that he hadn’t done such a thing in a long time. I told him to forget it.
His is among the heart- rending stories being told often in Colorado these days. Good-intentioned people are unwittingly getting in over their heads with home mortgages or they’re outright being fleeced by the unscrupulous at mortgage-signing time.
According to a report Wednesday, Colorado ranked first nationally in the number of home foreclosures filed in August – one new foreclosure filing for every 301 households – up 53 percent from a year earlier and the sixth month in a row the state has ranked first.