Yesterday we told you the cold stastics: Foreclosures are at their highest point since the mortgage meltdown began. But here's a real story, which begins like this:
Mike and Kathy Wales don't know how long their 10-year-old son, Alex, has to live. Last year, they learned he has cerebral adrenoleukodystrophy, a terminal neurological disorder that has left him unable to see or walk. Now the family faces one more crisis: the foreclosure of its Prince William County home. Just days after the Waleses were told by banking giant Chase that they had been approved for a mortgage modification, the company foreclosed, selling the three-bedroom townhouse in Bristow to Fannie Mae and imperiling the family's place in a community that has rallied around Alex at every turn. Mike Wales, who retired from the Air Force in 2004 after 21 years to take a civilian intelligence post within the service, said he and his wife were overwhelmed by the emotional and financial toll of Alex's illness and fell behind on their monthly mortgage payments.
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