09/25/08 Boo Hoo Hoo, Poor Michael Lauer !!!!!

A rare foreclosure pops up in Greenwich

WFLX-TV West Palm Beach

Wealthy Greenwich, Connecticut, is experiencing a rare foreclosure auction of a mansion in its prized back country............

Comment:

There were no foreclosure deeds recorded in Greenwich from 2003 through 2006, only one last year and four so far this year, according to The Warren Group, which tracks housing trends.

So that's an increase of 300% in foreclosure deeds in Greenwich since last year!

That sounds like an alarming trend that is only getting worse.

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