Startling Prince George’s Foreclosure Numbers
I just stumbled across a piece by Danny Jacobs at The Daily Record that made me cringe.
The gist of it is the number of foreclosure filings in PG County — our neighbor — and the numbers included an interesting note (in bold):
- In 2006, the clerk’s office received 4,148 filings. (That’s more than Baltimore County has ever received.)
- In 2007, the clerk’s office in Prince George’s received 7,019 foreclosure filings.
- In 2008, the clerk’s office received 8,237 filings.
All is I can say is WOW! That is a lot of people losing their homes.
When I see big numbers like this, I always compare it to my high school, which averaged 1,000 students when I attended. That would be the equivalent of every family in my school — times 8 of my schools — losing their house in 2008 alone! I went to school in Harford County and am not even sure if there were 8,237 high school students in the entire county in the mid-to-late 90’s!
Something has to be done to stem foreclosures. The Treasury Department recently said that they are going to put increasing pressure on mortgage companies to modify loans, but we’ve heard that before and not much came of it.
In other news, 1 in 8 American’s now rely on food stamps to eat!
Tags: Foreclosure, Prince Georges County
- About Jesse Barron
- I am an Annapolitan and founder of the Annapolis Anchor. I love Annapolis and am proud to call it home. This great city has a lot to offer, which is why I founded this blog. I appreciate each of our readers and always strive to deliver relevant information in an easily digestible format.
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