Foreclosures Mocking Dreams In Sorrento Springs

Foreclosures are mocking dreams in Sorrento Springs. Once this four bed roomed house overlooking a golf course is now a white elephant. On the doorstep lies a torn wet phone book. Wasps have built nests on top of the main entrance. Weeds are multiplying on the driveway hiding the bricks. The house stands empty and deserted just like many others down the road of Terragona Drive.

Once upon a time not too far ago it was a flutter of nest building activity amidst the lush surroundings of Lake County’s rural ambience. It had all the trappings of peace and luxury – golf course, club house, tennis courts, walking paths and planned rows of dozens of new houses not more than the two storeys high. Like many others in Florida this region was about to bloom when suddenly spring vanished ahead of time. The cold hands of foreclosure descended creating havoc. Dreams turned to the nightmare of foreclosure.

Investors gambled with the rising price curve of real estate and lost. Families faced trouble when with the collapse of the construction industry many lost jobs. The gas and fuel crisis stoked the flames of catastrophe. Families are now without homes, children without friends, renters without shelter – all because lenders are foreclosing on mortgaged house owners.

The fact that this is happening all over the country does not give comfort to septuagenarian Enid Watts who settled in Florida in 2005. They were among the first settlers on Terragona. Now they have no idea who is moving around in the house next door. It gives an eerie feeling. Hope keeps life moving. Edna puts her mind on a rose garden she is tending to but a feeling of instability is gnawing at their hearts. How long will they be able to avert the same fate of being foreclosed upon? The prices of houses are falling like ninepins.

Another victim of foreclosure fears is thirty one year old Ufuoma Omosebi a schoolteacher and the mother of four children. In 2004 she moved into Terragona Drive with her Nigerian American husband expecting her second child. It was a 3,000 square feet spacious dream. Only the extra upgrades had cost them $40,000. But then her husband had to move to North Carolina because of his job. She tried to sell the house for the appraisal value of $425,000 but couldn’t get a customer even after bringing it down to $330,000. She gave up the fight of paying $2,000 each month and moved away. Foreclosure moved in.

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