NBC4 has a video and article on Prince William County foreclosures.
From the article:
"No one showed up to bid or buy in Prince William County Friday, but the auctioneer will stay busy due to the growing number of home foreclosures in the county that are causing a ripple effect in the county's revenue stream.
There have been nearly 1,000 foreclosures since August, and the "for sale" signs are springing up like weeds.
"This could be catastrophic to the school budget," said Board of Education chair Lucy Beauchamp.
. . ."The board can raise the tax rate to offset that," Martino [county's director of finance] said."