Happy Halloween – It’s Scary Out There

31 Oct Happy Halloween – It’s Scary Out There

I just got back from taking my two grandchildren trick or treating. I took them to the residential area where I used to live. It is an older neighborhood where the houses were built about 50 to 60 years ago. Before I moved, my neighbors were divided between those older than 60 years old, those with teenage kids, and those just starting their families. Houses sold for between $75,000 and $125,000 depending on the size of the house and the property.

I was shocked by what I saw. When I used to go trick or treating with my children, every house was occupied and we got lots of good treats for the kids. (And more than necessary for me). But tonight, it was a different story. Many of the houses were empty, for sale, or about to be foreclosed. Yes, we got our share of goodies, but we had to cover about twice the amount of ground to do it.

I can only imagine how many households this Thanksgiving will be carving their Tofurkey giving thanks that their foreclosures were temporarily put on hold while the powers that be try to figure out what to do.

Happy Halloween.

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Peter Orville is a bankruptcy lawyer in Binghamton, located in the Southern Tier of New York. He is a member and New York co-chair of the National Association of Consumer Bankruptcy Attorneys.
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