The largest number of homes in recent history was on the selling block a couple weeks ago during the bi-monthly Sheriff’s sale held at the Schuylkill County courthouse.
There were originally a total of 84 properties on the foreclosure list to be sold. Most of these were personal residences of County residents. This means families who didn’t pay their mortgage payments were going to lose their homes to their bank.
Of the 84, 10 foreclosures were stopped, 31 were taken by the banks, and 43 were delayed. These 43 will probably be taken by the banks in the near future.
What does all this mean?
Contrary to what all the “experts” are saying, this time of financial hardship and uncertainty is not over. There has been no ‘recovery’. Things have not turned around. If anything we are still on the downward side of this cycle.
One group claimed that ‘Schuylkill County has not been impacted - foreclosure-wise - as much as the rest of the country’. I beg to differ. 84 houses at risk in one 2 month period! And that is on top of the average Sheriff sale which has 50 - 60 properties going up for sale every other month.
These foreclosures hurt all of our home values as the banks dump these houses on the market at discounted prices … Or as they sit vacant in our neighborhoods.
The good news?
I believe in the people of Schuylkill County. Their determination, their work ethic, their ability to not only survive, but thrive, regardless of what gets thrown their way. We have been doing it for generations.
We will push our way through … We will make it !
… Until the next acorn drops, keep looking up …
Please share this with others … and … add your comments !!
