Foreclosures in neighborhood take a toll on everyone

Charlotte Observer | 01/17/2006 | Foreclosures in neighborhood take a toll on everyone: "Helen Gilmore didn't worry much about houses foreclosing around her in the Hamilton Oaks neighborhood.She felt sympathy for the owners. But she didn't think the foreclosures would affect her.She bought her new, $109,000 house in 2001. It seemed affordable and she liked the floor plan.Gilmore, who works for a lending company, had asked for a fixed-interest loan. But she says she was told she qualified for an adjustable one that started at 9 percent. Monthly payments would be $744 and would likely rise"
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