Join the Meeting Place for Moms!
Talk to other moms, share advice, and have fun!

(minimum 6 characters)

Are you or someone you know losing their house to foreclosure?

 
tasches

Asked by tasches at 2:25 PM on Jul. 8, 2010 in Money & Work

Level 48 (298,202 Credits)
This question is closed.
Answers (9)
  • We did. Long story short... Moved to from MA to TX (job transfer), put house up for sale, remained on the market for 1.5 years, attempted to rent it out to keep up payments, renters trashed the place, attempted to short-sale but bank refused all offers, foreclosed after 2 years. Was the beginning of the market crash. Worst experience EVER! The bank didn't care... They got their bailout money from Obama, that's why they wouldn't accept any short-sale offers. Greedy banks :-(
    kenzie07

    Answer by kenzie07 at 4:17 PM on Jul. 8, 2010

  • People I know have, yes. I am tempted to deed in lieu ours back to the bank. It's worth 2/3 less than we paid for it right now and we outgrew it years ago. Bought as a starter home with one child now three are in it and we are on top of each other.
    jamesonjustines

    Answer by jamesonjustines at 2:27 PM on Jul. 8, 2010

  • Yup.
    CrazedMomof2

    Answer by CrazedMomof2 at 2:31 PM on Jul. 8, 2010

  • yup- we let it go and filed bankruptcy
    charlotsomtimes

    Answer by charlotsomtimes at 2:38 PM on Jul. 8, 2010

  • yes. someone close to me.
    Preggydyke

    Answer by Preggydyke at 2:53 PM on Jul. 8, 2010

  • My inlaws lost their's a few years ago.
    My3LittleGirls

    Answer by My3LittleGirls at 3:10 PM on Jul. 8, 2010

  • Don't know anyone.
    musicmom08

    Answer by musicmom08 at 8:22 PM on Jul. 8, 2010

  • My uncle and his family had their house foreclosed on back in 2009, but the bank didn't evict them until May of this year.
    Journey311

    Answer by Journey311 at 10:55 PM on Jul. 8, 2010

  • Yes. Friends of our lost their home last year after he lost his job. This year, the neighbors have lost theirs and have to be out in less than 4 months after living there for as long as I can remember. There are notices every day in our local papers of people that are losing their homes due to defaulting on their mortgages.
    michiganmom116

    Answer by michiganmom116 at 8:46 AM on Jul. 9, 2010

Next question in Money & Work
What are some real work at home jobs?

Next question overall (Pregnancy)
help

close Join now to connect to
other members!
Connect with Facebook or Sign Up Using Email

Already Joined? LOG IN