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Home › Forums › Housing › foreclosure kills another family

  • This topic has 55 replies, 8 voices, and was last updated 15 years ago by briansd1.
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  • April 22, 2009 at 8:53 AM #386178
    Coronita
    Participant

    [quote=GoUSC]So let me get this straight…

    – Guy makes 97k a year
    – Guy buys home for $208k
    – Withdraws $108k in equity
    – Still manages to run up $200k+ in CC debt

    I feel sorry for the wife and kids but how exactly are homeowners the poor taken advantage of people in this whole thing?

    This is what our society has become…God help us all.[/quote]

    I believe he invested in RE that was not selling nor renting. I think something that put him back $400k. It’s just sad people kill themselves and their family because of this… Just let the bank foreclose. It’s not the end of the world.

    April 22, 2009 at 9:11 AM #385550
    GoUSC
    Participant

    Yeah but the article said they were 460k in debt, of which, 50% was CC debt.

    April 22, 2009 at 9:11 AM #385817
    GoUSC
    Participant

    Yeah but the article said they were 460k in debt, of which, 50% was CC debt.

    April 22, 2009 at 9:11 AM #386015
    GoUSC
    Participant

    Yeah but the article said they were 460k in debt, of which, 50% was CC debt.

    April 22, 2009 at 9:11 AM #386064
    GoUSC
    Participant

    Yeah but the article said they were 460k in debt, of which, 50% was CC debt.

    April 22, 2009 at 9:11 AM #386202
    GoUSC
    Participant

    Yeah but the article said they were 460k in debt, of which, 50% was CC debt.

    April 22, 2009 at 9:36 AM #385570
    scaredyclassic
    Participant

    there is nothing in the world more important than money. It is worth dying for.

    April 22, 2009 at 9:36 AM #385837
    scaredyclassic
    Participant

    there is nothing in the world more important than money. It is worth dying for.

    April 22, 2009 at 9:36 AM #386035
    scaredyclassic
    Participant

    there is nothing in the world more important than money. It is worth dying for.

    April 22, 2009 at 9:36 AM #386084
    scaredyclassic
    Participant

    there is nothing in the world more important than money. It is worth dying for.

    April 22, 2009 at 9:36 AM #386223
    scaredyclassic
    Participant

    there is nothing in the world more important than money. It is worth dying for.

    April 22, 2009 at 9:45 AM #385575
    ibjames
    Participant

    How do you end up like that, with that much credit card debt? I just don’t get it, you would have to try to get that much debt

    April 22, 2009 at 9:45 AM #385842
    ibjames
    Participant

    How do you end up like that, with that much credit card debt? I just don’t get it, you would have to try to get that much debt

    April 22, 2009 at 9:45 AM #386040
    ibjames
    Participant

    How do you end up like that, with that much credit card debt? I just don’t get it, you would have to try to get that much debt

    April 22, 2009 at 9:45 AM #386089
    ibjames
    Participant

    How do you end up like that, with that much credit card debt? I just don’t get it, you would have to try to get that much debt

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