Tuesday, October 18, 2005

Foreclosures feared with debt surpassing relief

Foreclosures feared with debt surpassing relief - The Clarion-Ledger: "As Mississippi Gulf Coast residents fight mold, insurance companies and piles of debris, another obstacle lurks in the distance foreclosure.

Insurance claims usually pass on to mortgage companies, but many residents complain they are not getting enough or any relief from their homeowners' debt.

'There are so many people who still owe $100,000, $150,000, $200,000 and don't have a house,' said Diamondhead resident David Hector, a construction manager for Purcell Co. 'The flood"
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