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Clay County Deputy Dave Johnson and Bonnie Olson of Wells Fargo Bank go over paperwork last week during a foreclosure sale at the Clay County Law Enforcement Center. (David Samson/The Forum)

Fargo-Moorhead area sees flurry of foreclosures

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Cass and Clay counties held a record or near-record number of mortgage foreclosure sales in 2008, and local observers say the outlook isn't much better for 2009.

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The numbers suggest that while the mortgage crisis may not have hit the Fargo-Moorhead area as hard as other parts of the country, high-risk mortgages and hard economic times are taking a toll on local property owners.

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