4 ms·
Yes, I'm doing ok now. Thanks for the kind words. Yes, the house foreclosed after 2 missed payments. Bank of America moved quick in my instance. I could hav
by shakycode 11y ago
Yes, I'm doing ok now. Thanks for the kind words.
Yes, the house foreclosed after 2 missed payments. Bank of America moved quick in my instance. I could have stayed in the house but I also lost my car and my house was very far away from my haunting grounds. Logistically it wouldn't have worked. Plus there's the fact that I couldn't afford utilities (in Texas you need A/C). I have no deficiency judgement as that was all cleared up after I was forced to file Chapter 7.
No, I never believed in credit cards. I always tried to carry a low debt load, at least as much as I can.
Yes I applied for public assistance, but since that year I made a good bit of money on paper I didn't qualify for government assistance. Trust me, I couldn't even get approved for WIC or Texas Lone Star.
I'm glad I was able to share my story with everyone. In America it's very easy to lose everything (and gain it back again).
These days I save as much as possible and live a very frugal existence. That's been my mantra ever since I recovered.
Cheers!
- kjackson 11y agoHaving gone through foreclosure myself, there is zero chance that you would lose your house after 2 missed payments.
- zymhan 11y agoYou're not necessarily right just because you went through a foreclosure.
- danyim 11y agoI haven't experienced one myself, but much of the inquiries about certain facts (including kjackson's) makes me wonder if there were some artistic liberties taken when writing this heartfelt story.
- rev_bird 11y agoRight-o. From below: "The car was already behind on payments, that part I omitted from the story. As well the house was behind on payments so I let it go to foreclosure. Not the wisest idea, but it happened."
- kjackson 11y agoNo but I'm necessarily right because I know how a foreclosure works. You don't lose your house after 2 months of non-payment, it takes months and there is a precise legal procedure that has to be complete. Mine was "fast" and it took 9 months.