LukeTHr All Star
Number of posts : 1936 Age : 64 Registration date : 2008-03-26
| Subject: Could it be Karma ???? Fri Apr 03, 2009 11:53 am | |
| When I read this article I thought to myself, "It must be Karma...". Someone else may see it as irony or perhaps even poetic justice. Either way I found it quite amusing. Drywall suspicions complete family's perfect storm of misery - Quote :
- Both were laid off about a year ago by Countrywide Bank, where they were mortgage loan originators. Joe Consolo is now a restaurant manager.
Also, the nation's housing crisis hit their home. Purchased for $528,000, it has recently been appraised for $280,000. Trying to get out from under a bad investment, they went to their bank to do a short sale.
"The value had decreased so much, we were throwing money out the window," Alana Consolo said.
But as people in that line of business one would think they would have seen this coming. - Quote :
- Two offers for $250,000 and $255,000 were rejected. So, they made a business decision: They stopped paying their mortgage and declared bankruptcy.
The Consolos are now three months behind in their payments. They're not sure yet if foreclosure is in their future, but they don't think it will be easy to sell a house that's had drywall issues.
And now they are just compunding the national problem by walking away from their responsibilities. No wonder this country is so messed up. | |
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