Results 1 to 7 of 7
  1. 10-03-2008, 06:46 PM #1
    nvmommyx6
    nvmommyx6 is offline
    Registered User nvmommyx6's Avatar
    Join Date
    Aug 2008
    Location
    Norther Nevada USA
    Posts
    763
    Post Thanks / WTG / Hug
    Blog Entries
    28
    Rep Power
    8

    Default Another Countrywide success story!!!

    http://www.cnn.com/2008/US/10/03/evi...rss_topstories

    This company needs rewiring!!
    Proud wife to Randy
    Proud Mom of~Sam 23 Nick 18
    Kevin 17Courtney 16Holly 13
    Jacob 11Maggie 1
    Change Jar Challenge $45.12
    Mommy's organized home challenge
    Utility room Pantry
    Closet Bedroom Bathroom
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!Share on FacebookSpurl this Post!Reddit!Wong this Post!
    Reply With Quote Reply With Quote
  2. 10-03-2008, 07:12 PM #2
    Michelle68
    Michelle68 is offline
    Registered User Michelle68's Avatar
    Join Date
    Jul 2006
    Location
    Texas
    Age
    43
    Posts
    2,616
    Post Thanks / WTG / Hug
    Rep Power
    16

    Default

    What tragic story. At least Fannie Mae has forgiven the loan and the woman has survived. I hope she recovers.


    --Michelle
    Last edited by Michelle68; 10-03-2008 at 07:13 PM.
    ~ Michelle



    Wife to DH--
    Mom to DS--
    and DD--

    Avatar picture--Taken at Comanche Lookout Park, San Antonio,Tx. April,2010
    Mortgage -- $53,077.24
    March Emergency Fund Challenge-- $100 /$200
    ----------------------
    "The time to save is now. When a dog gets a bone, he doesn't go out and make a down payment on a bigger bone. He buries the one he's got." --Will Rogers
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!Share on FacebookSpurl this Post!Reddit!Wong this Post!
    Reply With Quote Reply With Quote
  3. 10-03-2008, 07:48 PM #3
    Luv2BeFrugal
    Luv2BeFrugal is offline
    Licence to Kill Luv2BeFrugal's Avatar
    Join Date
    Dec 2006
    Location
    Anchorage, Alaska
    Posts
    3,347
    Post Thanks / WTG / Hug
    Rep Power
    13

    Default

    That's very sad...and I feel sorry for that lady...

    But, I'm not sure why the company forgave her loan? Don't get me wrong...older, widowed woman...don't know if she has any family or not... It would be scary. I feel bad for her... But, what's the message in that? Just shoot yourself and your mortgage will be forgiven? I don't get it?? (Sorry...confused???)...
    Kace - married to Dh 12 years

    Love to

    Full-time homemaker, part-time worker, college student. Always pinchin' pennies!
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!Share on FacebookSpurl this Post!Reddit!Wong this Post!
    Reply With Quote Reply With Quote
  4. 10-03-2008, 07:58 PM #4
    FrugalMomof3
    FrugalMomof3 is offline
    Registered User FrugalMomof3's Avatar
    Join Date
    Jan 2006
    Location
    Northern NJ - PBurg
    Age
    39
    Posts
    9,272
    Post Thanks / WTG / Hug
    Rep Power
    20

    Default

    I dont get it either but I am assuming they thought because she was 90 and she kept shooting herself so they wouldnt take her home they forgave the loan BUT I agree that what kind of example is that setting and personally I dont think it's fair at all.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!Share on FacebookSpurl this Post!Reddit!Wong this Post!
    Reply With Quote Reply With Quote
  5. 10-03-2008, 08:09 PM #5
    HisDaisy
    HisDaisy is offline
    Registered User HisDaisy's Avatar
    Join Date
    May 2007
    Location
    Oregon
    Age
    36
    Posts
    742
    Post Thanks / WTG / Hug
    Blog Entries
    4
    Rep Power
    8

    Default

    I am glad they forgave the loan, but what was she doing taking out the loan in the first place. Why would an 85 year old take out a 30 year loan and why would the bank let her. The whole story just doesn't seem to make sense.
    Julie

    Wife to a wonderful hardworking husband
    Learning to spend less and save more
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!Share on FacebookSpurl this Post!Reddit!Wong this Post!
    Reply With Quote Reply With Quote
  6. 10-04-2008, 08:33 AM #6
    Greebo
    Greebo is offline
    Rude and Vile Master Greebo's Avatar
    Join Date
    May 2008
    Location
    Baltimore, Maryland
    Age
    43
    Posts
    8,243
    Post Thanks / WTG / Hug
    Rep Power
    71

    Default

    Quote Originally Posted by Luv2BeFrugal View Post
    That's very sad...and I feel sorry for that lady...

    But, I'm not sure why the company forgave her loan? Don't get me wrong...older, widowed woman...don't know if she has any family or not... It would be scary. I feel bad for her... But, what's the message in that? Just shoot yourself and your mortgage will be forgiven? I don't get it?? (Sorry...confused???)...
    Bad PR otherwise.
    If you could kick in the pants the person responsible for your problems, you wouldn't be able to sit for a month.

    Did you know that a 4 year student paying $20,000/year who finances their education graduates with over $103,000 in debt to start? But a student who works and pays cash and takes 6 years to graduate ends with $6,300 in their pocket! So much for "getting a head start by financing!"

    Greebo    (Nerd Spender): Loving and extremely patiently tolerated husband of ceashels.
     WARNING: Y Chromosome behind the keyboard. Adjust your listening filters appropriately!

    Three     Two mortgages, two one no car loans, one no credit cards, and a partridge in pear tree!
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!Share on FacebookSpurl this Post!Reddit!Wong this Post!
    Reply With Quote Reply With Quote
  7. 10-04-2008, 09:56 AM #7
    Nishu
    Nishu is offline
    Registered User Nishu's Avatar
    Join Date
    Oct 2007
    Location
    Monterey, CA
    Age
    30
    Posts
    2,336
    Post Thanks / WTG / Hug
    Rep Power
    25

    Default

    That whole situation is sad.

    As far as what kind of message they're sending, I don't think anyone is going to shoot themselves to try to get a loan forgiven. They won't get the same kind of public sympathy this woman has had either, and when the company doesn't forgive their loan no one's going to care.
    ~Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.~

    ~The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.~
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!Share on FacebookSpurl this Post!Reddit!Wong this Post!
    Reply With Quote Reply With Quote
« Previous Thread | Next Thread »

Similar Threads

  1. Not Your Typical Success Story
    By Lady_V in forum Success Stories
    Replies: 23
    Last Post: 04-24-2010, 05:37 AM
  2. Wanted to Share My Success Story (Cholesterol)
    By joyb in forum General Chat
    Replies: 8
    Last Post: 06-02-2009, 07:50 AM
  3. Menu Planning success story
    By mommy4ever in forum Meal planning
    Replies: 2
    Last Post: 07-22-2008, 06:18 PM
  4. Another Saving Success Story!
    By Shell in forum Frugal Living
    Replies: 7
    Last Post: 01-05-2005, 08:27 PM
  5. A success story
    By homesteadmamma in forum Bright Horizons
    Replies: 15
    Last Post: 10-16-2002, 03:23 PM

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Forum Rules