Foreclosure Connections Blog Articles And Foreclosure Information

On November 4, 2008, residents of Pasco County were alarmed that 32 additional foreclosures were filed on that day. This brings the total of Florida foreclosure filings to over a quarter of a million in the first half of 2008. An estimated 4 million properties are in foreclosure around the country.

According to ForeclosureConnections, about 60 percent of homes purchased in the U.S. have filed for foreclosure since 2003. In September 2008, Pasco reported over 1,100 filings and 32 more were added in November.

The ages of those 32 Pasco homeowners who filed range from 20s to 60s, with some of them house painters, realtors and home inspectors. These homeowners paid from $220,000 to $825,000 for their houses that were constructed in neighborhoods of Port Richey, New Port Richey, Holiday, Land O’Lakes, Hudson and Zephyrhills in 1969, 1977, 2004 and 2006.

The same homeowners also failed to make monthly payments since March of this year. One homeowner who filed for foreclosure is a man who used to be a soccer coach. This high school science teacher and his wife owe $3,000 in mortgage more than the amount they paid for their house when they bought it in 2004.

Another homeowner, an older woman in Port Richley, still failed to meet her $430.01 monthly payment for her one-story house despite working as a director in a local church,

One homeowner who is struggling to make his monthly payment is 53-year-old engine repair shop owner, Randy Chiavaroli. His wife received an award for her Boy Scouts volunteer work. His son who has spina bifida is confined in a wheelchair.

When the construction activity in the county slowed down, his business was affected forcing him to reduce the number of his employees from four to one. His plight deteriorated when the price of gas increased.