Homeowner dream turned nightmare [Virginia]
They are a fairly typical Loudoun family.
He is a 35-year-old engineer for a technology company in Fairfax, pulling in $80,000 a year. His wife teaches yoga. College-educated, they have two daughters: a 5-year-old and a newborn.
In August 2005, the housing market in Northern Virginia is piping hot. The couple buys an 1,100-square-foot condo in a brand-new Ashburn community for $336,000, using two interest-only mortgages.
The plan? To live there for a few years, build equity, then move to a bigger house where the family can grow.