Real Estate Pro Articles

Family Faces Foreclosure Crisis

[Valid RSS feed]  Category Rss Feed -
By : Leticia Carvalho    99 or more times read
The Reynolds family used to live an extravagant life. Rodney, the head of the family, made $80,000 a month and his wife Lydia earned a monthly income of $150,000. No one would think that they would eventually fall victim to foreclosure.

Their earnings were more than enough to support a rather luxurious lifestyle. Rodney had a collection of first-class BMX parts which was not inexpensive, and neither were Lydia’s trips to Puerto Vallarta.

The Reynoldses were a typical rich family – haunted by issues and conflicts among them. The couple each had children from past relationships and this was always a cause of argument. They would attend marriage counseling but this worsened the situation as they would just rant about the shortcomings of the other.

In the latter part of 2006, bigger trials started. Both the couple suffered from severe health conditions and they had to stop working. This was when the family’s financial crisis started and foreclosure threats began to set in. They began selling properties. They started loaning money from friends and family in order to pay mortgage and save the house from foreclosure.

Lydia began attending church. During the times when the family was left with nothing in their cupboard, the church community donated food. With his pride taking the best of him, Rodney refused help. He believed that he could take charge in taking care of the family. But whether he admitted it or not, he could not.

In New Year of 2008, Rodney had two resolutions – first was to save the house from foreclosure, then came second was to save his marriage with Lydia. He went to church as part of his effort to achieve the second resolution. As for the first, he completely failed. Their house was foreclosed. The family had no choice but to move in with the relatives of Lydia.

At these very trying times, the family has nothing else but each other. Hopefully, the foreclosure incident could bring them back together.
Leticia Carvalho has been educated in the finer points of the foreclosure market over 5 years.

Related Articles

Print This Article
Add To Favorites




© All rights reserved to Real Estate Pro Articles