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Suffering in Silence Over Foreclosure
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Another woman, an executive with the federal government who spoke on condition of anonymity, said her family worked hard to make life appear normal as they fell behind on their mortgage payments after her husband's company closed. The family has since rebounded with the help of a new job and a refinanced mortgage.
"Everybody is perpetrating, giving this impression that 'I'm living well and nothing's wrong.' Myself included," she said.
Shame of Foreclosure
Real estate agents who work in Perrywood said homeowners have kept up appearances because they are too proud to let their financial distress show. "People who go through these pre-foreclosures, they mask things," said Joseph A. Bryant, an agent with Re/Max One. "They keep everything inside the four walls. People will go through hell, and you'd never know it."
The homeowners association also plays a part with its demands that properties be held to a certain standard. Mac Claxton, president of the Perrywood Community Association, said the foreclosures have not adversely affected the neighborhood. He said the association has some outstanding dues, but the reason is unclear.
Real estate agents said sales in Perrywood have been no different than in other county neighborhoods, given the housing slump.
Kimberly Mitchell, who owes $260,000 on her mortgage, said she tried to refinance at a lower rate, but lenders said her credit was not good enough.
So she put her house on the market. List price: $350,000.
Staff researchers Rena Kirsch and Meg Smith contributed to this report.
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