Link of the Day: Foreclosed Family’s Last Goodbye to Home
Over the past few years home values across America increased at a substantial pace. This led many homeowners to treat their homes like ATMs and take the equity out of it. While many people used their home’s equity for legitimate purposes, some homeowners used the money on vacations, new cars and other luxuries. Today’s link from the San Francisco Chronicle tells the story about one family that did not use good judgment when it came to managing their house and ended up losing it to foreclosure.
August 19th, 2008 by Tom
Posted in Link of the Day
August 23rd, 2008 at 2:06 am
Yup, these morons didn’t manage their money & they are feeling the pain… now everyone wants MORE gub’ment handouts to get themselves out of the trouble that they created.
read what you sign… if you can’t handle that, hire a lawyer… if you can’t afford one to look over your documents, you shouldn’t be buying a house.
sorry, i have no sympathy.
-MATT