"we are facing nothing less than a national emergency, with 10,000 Americans going into foreclosure every day and 2.3 million homeowners having faced foreclosure proceedings in 2008."
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Have you wondered where the hell these people are going once they lose their homes? I can tell you where at least several have gone; they've gone to stay with family and friends, and the ones who've contacted me are at the end of their "free ride" (although its been anything but "free.") with their loved ones. "Sherry" is a prime example. She lost her home through foreclosure back in October and had moved in with her sick sister. On the day Sherry called me, her sister was going to a nursing home and because Sherry's name wasn't on the lease, she had to vacate the apartment. She couldn't take over the lease because, you guessed it, her credit was bad due to the foreclosure. You can almost hear the apartment owner's thought process: "Hell, if she can't make her house payment, what makes the me think she's going to be able to make her rent payment?" Sigh. I did all I could for Sherry but she was transitioning from a fairly good middle class existence to one of poverty. She'd lost her job due to a layoff and her husband had lost his several months prior for the same reason. He "wigged out from the pressure," according to Sherry, and ran off one day; she hasn't seen him since. We were discussing potential rental locations and initially she refused to even consider some of the areas I was suggesting that would provide cost levels she could afford, as they were in "bad" sections of town, according to her.I kept telling her that she was at some point probably going to have to lower her standards a bit, since her income was going to force her to make a choice between spending her time in the local W omen's mission, on the street, or in one of these "affordable" housing units. It was a hard and very bitter pill for her to swallow and frankly, I'm not sure she's yet fully taken the medicine. The last time I spoke with her she was speeding down I40 somewhere in Nashville, threatening suicide because she couldn't take the stress any...
Have you wondered where the hell these people are going once they lose their homes? I can tell you where at least several have gone; they've gone to stay with family and friends, and the ones who've contacted me are at the end of their "free ride" (although its been anything but "free.") with their loved ones. "Sherry" is a prime example. She lost her home through foreclosure back in October and had moved in with her sick sister. On the day Sherry called me, her sister was going to a nursing home and because Sherry's name wasn't on the lease, she had to vacate the apartment. She couldn't take over the lease because, you guessed it, her credit was bad due to the foreclosure. You can almost hear the apartment owner's thought process: "Hell, if she can't make her house payment, what makes the me think she's going to be able to make her rent payment?" Sigh. I did all I could for Sherry but she was transitioning from a fairly good middle class existence to one of poverty. She'd lost her job due to a layoff and her husband had lost his several months prior for the same reason. He "wigged out from the pressure," according to Sherry, and ran off one day; she hasn't seen him since. We were discussing potential rental locations and initially she refused to even consider some of the areas I was suggesting that would provide cost levels she could afford, as they were in "bad" sections of town, according to her.I kept telling her that she was at some point probably going to have to lower her standards a bit, since her income was going to force her to make a choice between spending her time in the local W omen's mission, on the street, or in one of these "affordable" housing units. It was a hard and very bitter pill for her to swallow and frankly, I'm not sure she's yet fully taken the medicine. The last time I spoke with her she was speeding down I40 somewhere in Nashville, threatening suicide bec