'Extreme Home Makeover' House Threatened With Fore

Originally Posted by RandyWayne

I am not sure I see the connection to the subprime mess, but it is one thing for a family to bite off more then they can chew -and loose their home. It is quite another to be GIVEN a FREE home, and still lose it.
What it does remind me of, and is consistent with, are the great number of lotto/powerball winners who take home millions -only to declare BK within a couple of years!

I guess it was a thought I had because of Renda's comment about being good stewards....just because you get a FREE house doesn't mean you can manage your money. The people in question didn't seem like they made wise money decisions....Could have been bad habits....could have been bad luck....I don't know...

Originally Posted by Ferd

I wish I had learned how to be smart with my money when I was younger. It took too long to figure out how dumb I was being.

oh well, like GI Joe says, "Now you know! And knowing is HALF the battle!"

Oh my...been there done that.....I think I wrote the book!! )

[Ferd]

Originally Posted by Sassy

Oh my...been there done that.....I think I wrote the book!! )

Sister, in the future, if you write a book this important, would you mind sending me a copy BEFORE i make all the mistakes?????


thank you.

[Jack Shephard]

I agree it was not smart to take a second mortgage on the home. They did get the money to help launch a construction business, it failed. You would think that they would have considered this, "I can get the money for the business and if it don't workout I lose my home...No thanks!" But alas it seems that if it were a consideration they were just plain dumb about it. Myself being a second mortgage lender I could say with real conviction, what was the bank thinking? No bank wants to end up with your home cause you can't pay the debt. I will not do a second on a large home if income can not be verified and there is a laundry list of things, we don't want your house. Many banks have stopped lending on high dollar homes, for second mortgages, cause is some areas the resale market on those homes are very poor. Practicing irresponsible borrowing and practicing irresponsible lending is some of what got the country in the shape it is with peoples homes.

Originally Posted by Ferd

Sister, in the future, if you write a book this important, would you mind sending me a copy BEFORE i make all the mistakes?????


thank you.

You don't want to read my mess.....stick to Dave Ramsey!!

[Ferd]

Originally Posted by Sassy

You don't want to read my mess.....stick to Dave Ramsey!!

LOL! im trying! but my baby keeps racking up $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ $$$$$$$$$$$$$$$$


gonna write that boy a bill plus interest when he gets older.

[dansamy]

Originally Posted by Sassy

Wow...such a beautiful home....I bet they are feeling really horrible about now.

Probably not. The type of people who could get themselves into this sort of situation are also the type who don't think there's anything wrong with them or their habits. They sincerely believe their hardships are all the blame of external forces they couldn't control and not "the guy in the mirror"doing stupid with 0s on the end.

Originally Posted by Ferd

LOL! im trying! but my baby keeps racking up $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ $$$$$$$$$$$$$$$$


gonna write that boy a bill plus interest when he gets older.

oh boy.....just wait until they are teen agers!!!!

I miss the baby days...it just seemed so innocent!

[Ferd]

Originally Posted by Sassy

oh boy.....just wait until they are teen agers!!!!

I miss the baby days...it just seemed so innocent!

Sister, life may get worse, but the expense? if so, he is gonna have to be a doctor are a major wall street banker to pay me back.

Originally Posted by Ferd

Sister, life may get worse, but the expense? if so, he is gonna have to be a doctor are a major wall street banker to pay me back.

WORK!!! Haha....there going to be there forever!!! They're not dumb! You pay the bills....feed them....