Affluent Face Fears of Foreclosure
Wednesday, April 30th, 2008In an area where millionaires and billionaires are the majority, foreclosure isn’t a word you would expect to have uttered. For Greenwich, Conneticut that was the case up till recently. Greenwich, one of the wealthiest communities in the country has had a number of foreclosure notices handed out recently.
The difference however between this community, and just about any other community in the nation is they manage more often then not to pull themselves out of foreclosure usually at the very last minute. A foreclosure auctioneer reports that he has had to cancel auctions for the same home on three different occasions because they have managed to save their homes, or at least for a little while.
