Wednesday, September 07, 2005

Foreclosure on horizon for Charlotte couple

Bradenton Herald | 09/04/2005 | Foreclosure on horizon for Charlotte couple: "- Kwanza Smalls found the brick split-level in a supermarket circular in January 2000.
She had moved with her husband and two children to Charlotte from Macon, Ga., the previous summer after finishing a graduate degree in public administration. They were living in a northeast Charlotte apartment.
All she needed was a loan.
The first mortgage broker she visited told her that she could borrow $75,000, based on what she could afford to pay each month.
But the home cost $105,000."
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