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Over the last two years, half of Beth Court has been in foreclosure, and homes whose owners took out thousands of dollars in equity during the bonanza years are now worth less than half the price paid for them.
In one house, the owner took in extended family members as tenants to help make the mortgage payments. At another, a stay-at-home mother went to work for the first time, leaving her children with the television. After selling his house to an investor at a large loss, a father of five prays daily that his family can remain as renters. Elsewhere on the block, belongings have been sold, marriages have been strained, and everyone worries daily about who will come to live next door.
