George Hammond has been out of work for more than 17 months, is having trouble finding another job, and has no idea how long he will collect $2,200 a month in unemployment benefits from the state.
That prospect puts the 51-year-old Bridgeport, Montgomery County, man between a rock and a hard place when it comes to continuing to make payments on the house he bought for $127,000 in 2007.
“I’ve been paying my mortgage and keeping up with my bills,” said Hammond, who lost his job in Internet technology security at Wyeth Pharmaceuticals after 24 years when the company decided to outsource it.
Finding a new job is tough. In this economy, he said, “the pharmaceutical companies are not only not hiring, but have cut back 50 percent of their employees.” Read more about mortgage help….
