Living After Foreclosure

Even though it’s hard to go more than a few days without hearing about the housing slump and foreclosures, it’s a bit of a distant concept if no one you know has faced it.
Well, over the past couple of weeks we took a "love offering" at our church for one of our families.  A substantial [...]

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How about losing nine homes to foreclosure?
Ouch. It must be harsh to go from $800k in stock options to losing that, your home, your car, and your credit rating. And having a newborn on top of that.
Shawn Forgaard went in full steam to real estate hot spots, financed them with a lot of [...]

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There will be more celebrities losing their homes. I’m sure of it.
Jose Conseco lost his 7,300 square-foot home yesterday, owing about $2.5 million on it. The home currently on his plate is smaller.
It’s all a matter of cash flow: trying to support more house than you can easily afford. If a person’s [...]

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If you look at the demeanor on the faces of the people over at YouWalkAway.com, you might think that getting foreclosed on is downright enjoyable.  A walk through the park with your spouse and child, as it were.
It even seems a bit empowering.  You don’t get foreclosed on; you walk away.  Kind of like “Take [...]

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This BBC video took me by surprise the first time I saw it:
Tent City in LA
I couldn’t imagine trading the security and solidness of real estate for a camper, let alone a tent.  This has got to be a rude awakening for families that have recently lost their homes.  Among the adjustments cited in the [...]

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