Politicians in Foreclosure: Shelia Jackson

[enron_by_the_sea]

{Having observed Shelia Jackson in SDUSD, over the years this somehow does not surprise me!}

http://www.voiceofsandiego.org/government/thehall/article_49b3461a-6f7a-11df-91d3-001cc4c002e0.html

“San Diego Unified school board member and county supervisor candidate Shelia Jackson lost her home to foreclosure in 2007, she confirmed in an interview Thursday.”

— snip —

Jackson said her foreclosure shouldn’t affect her campaign.

“There are several people in this economic climate who have gone through that process,” she said. “If no one who went through that process was qualified, then a lot of people couldn’t run.”

The foreclosure also shouldn’t cast doubt on her financial management of the school district or county, she said.

Jackson called personal and district finances “two totally different budgets.” School districts that have had to close facilities during the economic downturn overreached during better times as well, she said.

[jpinpb]

Looks like she has company. Lorie ZapfSan Diego City Council candidate, who is campaigning on fiscal responsibility, is more than six months behind in payments on a loan that could result in foreclosure on her house.

[jpinpb]

Looks like she has company. Lorie ZapfSan Diego City Council candidate, who is campaigning on fiscal responsibility, is more than six months behind in payments on a loan that could result in foreclosure on her house.

[jpinpb]

Looks like she has company. Lorie ZapfSan Diego City Council candidate, who is campaigning on fiscal responsibility, is more than six months behind in payments on a loan that could result in foreclosure on her house.

[jpinpb]

Looks like she has company. Lorie ZapfSan Diego City Council candidate, who is campaigning on fiscal responsibility, is more than six months behind in payments on a loan that could result in foreclosure on her house.

[jpinpb]

Looks like she has company. Lorie ZapfSan Diego City Council candidate, who is campaigning on fiscal responsibility, is more than six months behind in payments on a loan that could result in foreclosure on her house.

[bearishgurl]

Excerpts from the VOSD article:

“Jackson purchased the property for $255,000 in July 2002. She then refinanced the property four times over the next four years, the last for $467,500 in November 2006.

Jackson said she “did not have the finances to keep the property” after the state cut funding for her teaching and administrative position with a math program. She said she couldn’t find another local job to supplement her district stipend (the school board is a part-time job that pays $1,500 a month) and Navy pension.”

**************************************************

I don’t know what Jackson’s orig. loan amount was but mine was $244,300 (close to the amt. of her purchase price), which was $91,800 LESS than what I pd. for my property for in 2001. I don’t have a $3,300 – $3,800 mo. pension (Jackson was a Naval Officer) + a $1,500 School Board stipend for a total income of $4,800 – $5,300 month. My mo. income is $1,200 to $1,700 mo. LESS THAN HERS, yet I have managed to “hang-on” without turning my house into an ATM machine (still have orig. “purchase $$ loan” and no others). She also has Tricare for life as a mil. retiree where I pay for my own health ins. every month.

Sorry, it doesn’t seem like she can manage $$ properly to me. Everybody’s got the same problem. We’re all among the “landed poor.” Especially those who are trying to live on one income.

I’m highly familiar with Oak Park/Chollas Creek area. Used to own a duplex not far from there. IMO, it’s insane to borrow that much in that area. She took at least $212,500 cash out of that property in just over four years. Makes me wonder . . . what did she do with this $$??

Sorry if I sound judgmental. I could compare myself to Jackson as a single woman except for the fact that she’s far more highly educated than I. Doesn’t make sense to me why she’d do such a thing . . .

Guess I’m the “chump” here, as others have posted on another thread . . . and all I have to show for my “soul-crushing methodical money mgmt.” is my 804 FICO score . . . as a “consolation prize!” What am I going to do with it?? I probably can’t qualify for a home loan under the *NEW* criteria unless I put at least 50% down.

I just have a REAL PROBLEM feeling sorry for someone like that.

[bearishgurl]

Excerpts from the VOSD article:

“Jackson purchased the property for $255,000 in July 2002. She then refinanced the property four times over the next four years, the last for $467,500 in November 2006.

Jackson said she “did not have the finances to keep the property” after the state cut funding for her teaching and administrative position with a math program. She said she couldn’t find another local job to supplement her district stipend (the school board is a part-time job that pays $1,500 a month) and Navy pension.”

**************************************************

I don’t know what Jackson’s orig. loan amount was but mine was $244,300 (close to the amt. of her purchase price), which was $91,800 LESS than what I pd. for my property for in 2001. I don’t have a $3,300 – $3,800 mo. pension (Jackson was a Naval Officer) + a $1,500 School Board stipend for a total income of $4,800 – $5,300 month. My mo. income is $1,200 to $1,700 mo. LESS THAN HERS, yet I have managed to “hang-on” without turning my house into an ATM machine (still have orig. “purchase $$ loan” and no others). She also has Tricare for life as a mil. retiree where I pay for my own health ins. every month.

Sorry, it doesn’t seem like she can manage $$ properly to me. Everybody’s got the same problem. We’re all among the “landed poor.” Especially those who are trying to live on one income.

I’m highly familiar with Oak Park/Chollas Creek area. Used to own a duplex not far from there. IMO, it’s insane to borrow that much in that area. She took at least $212,500 cash out of that property in just over four years. Makes me wonder . . . what did she do with this $$??

Sorry if I sound judgmental. I could compare myself to Jackson as a single woman except for the fact that she’s far more highly educated than I. Doesn’t make sense to me why she’d do such a thing . . .

Guess I’m the “chump” here, as others have posted on another thread . . . and all I have to show for my “soul-crushing methodical money mgmt.” is my 804 FICO score . . . as a “consolation prize!” What am I going to do with it?? I probably can’t qualify for a home loan under the *NEW* criteria unless I put at least 50% down.

I just have a REAL PROBLEM feeling sorry for someone like that.

[bearishgurl]

Excerpts from the VOSD article:

“Jackson purchased the property for $255,000 in July 2002. She then refinanced the property four times over the next four years, the last for $467,500 in November 2006.

Jackson said she “did not have the finances to keep the property” after the state cut funding for her teaching and administrative position with a math program. She said she couldn’t find another local job to supplement her district stipend (the school board is a part-time job that pays $1,500 a month) and Navy pension.”

**************************************************

I don’t know what Jackson’s orig. loan amount was but mine was $244,300 (close to the amt. of her purchase price), which was $91,800 LESS than what I pd. for my property for in 2001. I don’t have a $3,300 – $3,800 mo. pension (Jackson was a Naval Officer) + a $1,500 School Board stipend for a total income of $4,800 – $5,300 month. My mo. income is $1,200 to $1,700 mo. LESS THAN HERS, yet I have managed to “hang-on” without turning my house into an ATM machine (still have orig. “purchase $$ loan” and no others). She also has Tricare for life as a mil. retiree where I pay for my own health ins. every month.

Sorry, it doesn’t seem like she can manage $$ properly to me. Everybody’s got the same problem. We’re all among the “landed poor.” Especially those who are trying to live on one income.

I’m highly familiar with Oak Park/Chollas Creek area. Used to own a duplex not far from there. IMO, it’s insane to borrow that much in that area. She took at least $212,500 cash out of that property in just over four years. Makes me wonder . . . what did she do with this $$??

Sorry if I sound judgmental. I could compare myself to Jackson as a single woman except for the fact that she’s far more highly educated than I. Doesn’t make sense to me why she’d do such a thing . . .

Guess I’m the “chump” here, as others have posted on another thread . . . and all I have to show for my “soul-crushing methodical money mgmt.” is my 804 FICO score . . . as a “consolation prize!” What am I going to do with it?? I probably can’t qualify for a home loan under the *NEW* criteria unless I put at least 50% down.

I just have a REAL PROBLEM feeling sorry for someone like that.

[bearishgurl]

Excerpts from the VOSD article:

“Jackson purchased the property for $255,000 in July 2002. She then refinanced the property four times over the next four years, the last for $467,500 in November 2006.

Jackson said she “did not have the finances to keep the property” after the state cut funding for her teaching and administrative position with a math program. She said she couldn’t find another local job to supplement her district stipend (the school board is a part-time job that pays $1,500 a month) and Navy pension.”

**************************************************

I don’t know what Jackson’s orig. loan amount was but mine was $244,300 (close to the amt. of her purchase price), which was $91,800 LESS than what I pd. for my property for in 2001. I don’t have a $3,300 – $3,800 mo. pension (Jackson was a Naval Officer) + a $1,500 School Board stipend for a total income of $4,800 – $5,300 month. My mo. income is $1,200 to $1,700 mo. LESS THAN HERS, yet I have managed to “hang-on” without turning my house into an ATM machine (still have orig. “purchase $$ loan” and no others). She also has Tricare for life as a mil. retiree where I pay for my own health ins. every month.

Sorry, it doesn’t seem like she can manage $$ properly to me. Everybody’s got the same problem. We’re all among the “landed poor.” Especially those who are trying to live on one income.

I’m highly familiar with Oak Park/Chollas Creek area. Used to own a duplex not far from there. IMO, it’s insane to borrow that much in that area. She took at least $212,500 cash out of that property in just over four years. Makes me wonder . . . what did she do with this $$??

Sorry if I sound judgmental. I could compare myself to Jackson as a single woman except for the fact that she’s far more highly educated than I. Doesn’t make sense to me why she’d do such a thing . . .

Guess I’m the “chump” here, as others have posted on another thread . . . and all I have to show for my “soul-crushing methodical money mgmt.” is my 804 FICO score . . . as a “consolation prize!” What am I going to do with it?? I probably can’t qualify for a home loan under the *NEW* criteria unless I put at least 50% down.

I just have a REAL PROBLEM feeling sorry for someone like that.

[bearishgurl]

Excerpts from the VOSD article:

“Jackson purchased the property for $255,000 in July 2002. She then refinanced the property four times over the next four years, the last for $467,500 in November 2006.

Jackson said she “did not have the finances to keep the property” after the state cut funding for her teaching and administrative position with a math program. She said she couldn’t find another local job to supplement her district stipend (the school board is a part-time job that pays $1,500 a month) and Navy pension.”

**************************************************

I don’t know what Jackson’s orig. loan amount was but mine was $244,300 (close to the amt. of her purchase price), which was $91,800 LESS than what I pd. for my property for in 2001. I don’t have a $3,300 – $3,800 mo. pension (Jackson was a Naval Officer) + a $1,500 School Board stipend for a total income of $4,800 – $5,300 month. My mo. income is $1,200 to $1,700 mo. LESS THAN HERS, yet I have managed to “hang-on” without turning my house into an ATM machine (still have orig. “purchase $$ loan” and no others). She also has Tricare for life as a mil. retiree where I pay for my own health ins. every month.

Sorry, it doesn’t seem like she can manage $$ properly to me. Everybody’s got the same problem. We’re all among the “landed poor.” Especially those who are trying to live on one income.

I’m highly familiar with Oak Park/Chollas Creek area. Used to own a duplex not far from there. IMO, it’s insane to borrow that much in that area. She took at least $212,500 cash out of that property in just over four years. Makes me wonder . . . what did she do with this $$??

Sorry if I sound judgmental. I could compare myself to Jackson as a single woman except for the fact that she’s far more highly educated than I. Doesn’t make sense to me why she’d do such a thing . . .

Guess I’m the “chump” here, as others have posted on another thread . . . and all I have to show for my “soul-crushing methodical money mgmt.” is my 804 FICO score . . . as a “consolation prize!” What am I going to do with it?? I probably can’t qualify for a home loan under the *NEW* criteria unless I put at least 50% down.

I just have a REAL PROBLEM feeling sorry for someone like that.

[jpinpb]

“There are several people in this economic climate who have gone through that process,” she said. “If no one who went through that process was qualified, then a lot of people couldn’t run.”

bearishgurl – you run. I’ll vote for you!!!

Any other Pigg who isn’t scamming = honest. Start running for office. I’ll vote for you!

She makes it sound like everybody is doing it. This can be a great campaign slogan for people who aren’t defaulting/foreclosing. “I’m not cheating the system. I’m REALLY honest.”

[jpinpb]

“There are several people in this economic climate who have gone through that process,” she said. “If no one who went through that process was qualified, then a lot of people couldn’t run.”

bearishgurl – you run. I’ll vote for you!!!

Any other Pigg who isn’t scamming = honest. Start running for office. I’ll vote for you!

She makes it sound like everybody is doing it. This can be a great campaign slogan for people who aren’t defaulting/foreclosing. “I’m not cheating the system. I’m REALLY honest.”

[jpinpb]

“There are several people in this economic climate who have gone through that process,” she said. “If no one who went through that process was qualified, then a lot of people couldn’t run.”

bearishgurl – you run. I’ll vote for you!!!

Any other Pigg who isn’t scamming = honest. Start running for office. I’ll vote for you!

She makes it sound like everybody is doing it. This can be a great campaign slogan for people who aren’t defaulting/foreclosing. “I’m not cheating the system. I’m REALLY honest.”

[jpinpb]

“There are several people in this economic climate who have gone through that process,” she said. “If no one who went through that process was qualified, then a lot of people couldn’t run.”

bearishgurl – you run. I’ll vote for you!!!

Any other Pigg who isn’t scamming = honest. Start running for office. I’ll vote for you!

She makes it sound like everybody is doing it. This can be a great campaign slogan for people who aren’t defaulting/foreclosing. “I’m not cheating the system. I’m REALLY honest.”

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