Not The Boom-Time Windfall Once Expected
The Lake County News Sun reports from Illinois. “The fear of losing one’s home in these difficult times sent hundreds of area homeowners Saturday to a free program designed to help them. The homeowners seeking relief are hardly poverty-stricken. In the parking lot, there were a couple of late model Cadillacs and a shining Hummer. In most cases, they were the victims of the recession, having lost their jobs but burdened by mounting debts. Dan Rouille of Gurnee who lost his $100,000-a-year job in information technology, said he owes $82,000 on a house he bought for $109,000 …
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