Why!!! UGH :(

dschipman · 09-05-2009, 01:58 PM

So I am trying to understand what happens, even though I know I may never know the answer. We had a friend who was having a garage sale, so we stopped by to check out what they had. After being there for a while, we find out that they are 4 months behind on their mortgage. Foreclosure is just looming in the background. Why do people not make their mortgage payments? Before my dh and I even thought about purchasing a home, we sat down and discussed that no matter what happened we would always make sure the mortgage and utilities were paid, everything else can go on hold and we would deal with it later (this is before I found this awesome board and people here). I can understand if there is a job loss and you just can't make the payments, but both of these individuals have jobs. UGH!! okay just needed to vent. I am just feeling so sad for our friends and WISH there was something I could do for them.

madhen · 09-05-2009, 02:06 PM

I found out my vet was losing her house when I stopped off for an appt (she has a clinic on her property) and she told me I'd have to come to a different address for my next appt!! I think all you can do is be supportive and offer what assistance you can. I don't know everything going on in her life, so I can't really judge whether she used her money wisely or not. If they are your friends, I'd say just being there in a supportive, non-judgmental capacity is probably more than they'll expect and more than most of their other friends will provide.

Thevail · 09-05-2009, 02:37 PM

There are a million reasons why that sort of thing happens, and no one can really tell which one applies to someone elses life.

Usually it's a mix of more than one thing that converge on the situation and blow it up.

Just be supportive, it's all you can do at this point.

dmarie · 09-05-2009, 02:48 PM

Alot of these foreclosed homes here are because of those adjustable and no interest loans we have adjustable but before we signed papers we had it written the highest the interest would go and payment and it was manageable even then a lot of people didn't realize when that payment went up how much it would be. And no matter what anyone hears Banks are not to helpful when it comes to refinancing we already tried when interest rates dropped most banks don't want to talk to you until your behind.

dschipman · 09-05-2009, 03:08 PM

Thanks everyone....feeling so bad for them. Sometimes, bad things happen to good people. We will definately be there for them. Just sad.