My neighbor lost his house

**frugalfranny** · 06-21-2009, 02:19 AM

It is really scary right now. And you hear so many horror stories about the banks not willing to work with them.......THAT is what gripes my bu**...if the people are TRYING and with this economy.

This has GOT to turn around soon.

I think it is a little bit of human nature to judge when things like that happen. I would have to agree with the car thing but that is partially what got us into the mess. We have been living beyond our means for years....just one paycheck away from DISASTER...well, the disaster is here. I hope the lessons learned will stick.

**militlady** · 06-21-2009, 04:40 AM

I was talking to someone the other day about that type of situation. My hubby and I both have disability and it is enough to pay our mortgage and groceries. I could live without a second car and even electricity if it came to that but we have to have somewhere to live and our mortgage gets paid first no matter what.

**ladytoysdream** · 06-21-2009, 06:43 AM

My husband's oldest sister who is one year away from retiring, is in the process of losing her house. She just let her car go back to the bank a few weeks ago. She always had a good job, lived alone, and I thought was in good financial shape. She lost her job just over a year ago, has not found anything, and just wants to walk away from everything. Not even sure where she will live now. How sad is that. And never said a work to anyone who could have helped her.

My husband's ex is in the process of trying to sell her home. Only had one decent offer so far, and her real estate person turned it down. And now we find out, that if she does not sell it soon, she will loose it.
Her youngest son is going to let her live in their finished off basement.
She has a good full time job too. I just shake my head.

My hubby wonders why he has less allowance now....gee, I wonder why. You want the bills paid on time....right dear ?! I think it is all sinking in though. I have heard less fussing lately.

**justpeachy92** · 06-21-2009, 08:12 AM

I don't remember where I read it, but was something about seeing the 3rd wave of forclosures. The article said it would be those that have been out of work for along time, and their emergency funds have run dry.

**Dancing Lotus** · 06-21-2009, 09:24 AM

Originally Posted by justpeachy92

I don't remember where I read it, but was something about seeing the 3rd wave of forclosures. The article said it would be those that have been out of work for along time, and their emergency funds have run dry.

I am sure thats true. I know a single woman who has been out of work for a long , long time maybe close to two yrs. Her back up founds have run out and her unemployment is going to run out soon. All my life I have known her to be a hoarder but lately I have noticed she is cleaning things out. She has had a few yard sales parting with things i thought she never would have. I can't help but to think she is in trouble. She said something about going to California and I asked if the house was for sale, she said No.

**mom2bobsarah** · 06-21-2009, 12:40 PM

losing the cars is a tough call, that really depends on where you live, I think. We live in an area that is difficult to get around w/o a car. Can it be done, yes, but not well. I have 2 children that are sickly and I need to be able to get to a doctor quickly if one of them starts and my husbands hours would make it impossible for me to just use his car if needed as he cannot just come home at a moment's notice, he works an hour away. So for us, losing cars would actually be worse then losing the house (not that I would want either, mind you). Also, it is hard to just trade in a car for a cheaper one, especially with financing the way it is nowadays.

To the op, I feel sorry for your neighbors, we have had no neighbors here (on either side) for over a year. We have 3 vacant houses right next to us as well as many more in the neighborhood. But, the upside is that 2 of the houses have just been purchased and they have been fixing them up. Unfortunately, I know things are not going well at my husband's company (he is a partner in a networking company) they were told pay cuts may be starting soon, so we are now feeling the pinch too.

Sorry for the rambling.

**Debbie-cat** · 06-21-2009, 01:53 PM

So very sad. I hate hearing stories like this. I hope they will do well in the apartment and get back on their feet.

**Guest57** · 06-24-2009, 12:46 AM

I see this happening to people all around us and I am glad I have God to give all the burdens to...my sisters husband lost his job in Colorado, got hired in California, and then when school was out, she and the girls moved there to be with him, only to have his company tell him he had to move to another town in order to keep his new job!! And now he lives in an apartment with a couple other guys for 5 days a week and see my sis and family on weekends!! (their house in Colorado didn't sell, but my dad lost his retirement housing, so he and my brother live at her home, helping with the mortgage until it can sell). I think God worked things out, as it helped all, but what happens if my brother in law loses this job?! SO FRIGHTENING, especially when it hits so close to home!!