What is Digg?242 Comments
- edstate, on 12/18/2008, -21/+130Um, surprise! Life can bite you in the ass. ***** happens. And, sometimes, really really BAD ***** happens. That's why you need to have a year's-worth of salary in savings in ADDITION to any retirement or other savings you have. Don't have credit card debt for more than a month, and dont' buy things you can't afford, or even push the limit of affordability.
This is a very sad story, but the world is full of sad stories. We need to address the cause of the problem, not continue to support bad decisions. - PuterPrsn, on 12/18/2008, -13/+72Sad story, but it is NOT up to the government to bail her out. I lost my job, and yes, you cannot continue to live in the manner to which you became accustomed. At that time, I went back to school while I was still getting some unemployment payments, and then took a lower-paying job to get my foot in the door. You don't always have a rosy life. Bad things happen, and you have to be prepared. I lived within my means while I was employed, and banked enough to live on for 2 years "just in case". When I did get a job, I had no savings left and yes, I had no choice but to move, but I ended up with no debit, either, and so the climb back up wasn't as bad as it could have been.
Sorry - I feel for her, but still don't think we should be responsible for keeping her in her home. A lot of us have been where she is and made it without imposing on other taxpayers with tears and pleas. - inactive, on 12/18/2008, -9/+56So Vickie Lewis has experienced something that has happened to people since the dawn of time....a streak of ***** luck.
That sucks, but that's life. - okyourturn, on 12/19/2008, -11/+45I don't know many people that can afford to have a year's worth of salary in savings.
- edstate, on 12/18/2008, -15/+48Are you 9 years old?
They shouldn't have bailed out wall street, they shouldn't bail out the auto makers, and they shouldn't bail out homeowners.
Duh. - chieflbm, on 12/18/2008, -13/+45And I just want a million dollars.
- inactive, on 12/19/2008, -13/+43Omg this is so sad!!!!!
I'm so angry right now at WaMu! How dare they not give her a free house because she cant afford to hold up her end of the deal?! Don't they know that the contract becomes null and void according to the Sappy Story Clause? - mindpuzzle, on 12/18/2008, -21/+49Since September the government has continued to bail out the corporations and expecting them to address and solve the social and financial problems of individuals effected by what so many of those bailed out companies have done over the years. These company just dont care nor will they ever.
If the government would have used that same money to finance the individual to secure their future it would have been a better bet. Using the same money the government to could have refinanced so many people lives that given the opportunity and time would allow them to prosper. - algaeturd, on 12/19/2008, -7/+26I love how smug and pretentious Americans can be in the face of things like this.
"She should have saved like me! I saved $80,000 in one year! She was irresponsible and I'm not!"
Come the ***** on. One of the biggest problems with America right now (one of the MANY) is that there is absolutely no empathy towards ANYONE.
"Sorry about your luck!"
What a load of *****.
America was a great nation when there were neighborhoods and people took care of one another. If one stumbled, someone else was there to help get them back up. Because the time will come when you need a hand whether you realize it or not. It may not be a financial hand you'll need, but you'll need something and someone else can step up to assist you.
Yes, that's the difference between civilized nations and nations that crumble.
Some of these comments make me sick. Yes, bad things happen to people. ...no matter how smug, 'prepared' or wealthy you are, you can still become a victim of circumstance beyond your control.
And then where will you and your smug ass be? Someone else laughing at you saying, 'sorry about your luck.'
America: What a great nation of gracious people.
My ass. - ninjaturtles1, on 12/19/2008, -6/+23So now you can get a loan, but soon the America dollar won't be worth anything......
Isn't that worse? - algaeturd, on 12/19/2008, -2/+17If people could save AND produce and consume what they can actually afford, America wouldn't have entered the recession. It's this endless borrowing and risky credit debtors that have caused so much damage. The banks are guilty for giving it to them and the people are guilty for borrowing more than they can afford and for buying things they don't necessarily need.
Some people should be renters, not owners. Just a fact of life.
You can't go around handing homes out to people in a predatory manner and you can't go around taking things you can't afford. - pintomp3, on 12/19/2008, -3/+18lotta armchair economists writing from the comfort of their parent's basements.
- WallyAnti, on 12/19/2008, -1/+14It's very likely that most of us here wouldn't know an economics expert if we heard one. Myself included. To be fair, most of the experts in charge don't seem to know what they are talking bout. So please, unless you've got something useful to say. STFU.
If anyone is getting free money, I believe the people who need it most are those with the most to loose regarding their basic living needs. The money will be put back into the market most quickly by these people so they are the ones who will show the greatest effect from a stimulus package. And they will spend it locally. So please tell me why this is a bad idea and why it won't work. - DerekHoldman, on 12/19/2008, -3/+16I agree with you, a lot of these people have never experienced a truly difficult time in their life, and they believe they've mastered the world around them...no...there will come a time in everyone's life when they NEED another person or people to help them, somehow.
Also, having a mortgage doesn't automatically give the bank exclusive ownership of the property. The woman has been living there for a while, she has paid her bills and she also has ownership stake in the house. I think the process of foreclosure on owner-occupied properties needs to be something that is changed so that from a legal standpoint, it is something no bank would find worth doing in all but the most extreme circumstances. In other words, add a crapload of red tape, mandatory "waiting periods" and hoops that the BANK has to jump through just to initiate foreclosure. After all, a responsible lender should be doing their due diligence BEFORE approving a loan - if they don't, THEY should be the ones who have to pay for their error in judgement. - Jicima, on 12/19/2008, -5/+18easier said than done. What happens if your injury or illness is protracted and you burn through your savings? What if you have no retirement because you are the working poor and living pay check to pay check? Great philosophy, but not very realistic for many many people...
- compgeek, on 12/19/2008, -1/+12Sucks to be her. Although her attorney does raise some valid points. If WaMu didn't follow federal rules regarding the foreclosure than they have no legal leg to stand on. Also in court they don't exist anymore so I figure the company that bought them would have to completely refile the foreclosure all over. Lastly her BF seems to make a good point They spent all this time and money trying to get her out of there when she really was still trying out of her limited funds to make some sort of payment not to mention if she's still putting money into a trust fund why don't they just accept it? It's still money and would bring her damn close to current. The whole situation IMO seems messed up from all sides. Not saying she should get a free house out of it but if she's trying first off and WaMu didn't follow the law regarding foreclosure second off than some things need to be settled before she gets the final boot
- ashmist, on 12/19/2008, -0/+11The way your country is churning out the dollars, 2.5 million will only get you a down payment on a Happy Meal in 40 years.
- LaceyUnderall, on 12/19/2008, -1/+11The lending scam is that most mortgage lenders require you to be three months behind on your payments before they will even speak to you about refinancing, even if your payment history is perfect. For many first time homeowners, you are required to pay private mortgage insurance. Considering the banks are all getting their money from our bailouts, then why pay private mortgage insurance? Who is getting that money anyways? It is supposed to be an insurance policy you take out on yourself through the lender so if you default on your loan, they are covered. So where is all of that money going? Where did it all go?
- flbotavara, on 12/19/2008, -4/+14I am only spending a third of my monthly pay... it's difficult but can be done.
- spaceddaisy, on 12/19/2008, -1/+10Read the article:
"Lewis has continued to make payments that Washington Mutual refuses to accept to a trust fund, which now holds thousands of dollars that could be used to help bring the loan up to date."
She missed a few payments and the bank refuses to negotiate. After four missed payments she send in a check for 1 1/2 month's worth of payment which the bank refused to accept. Since then she's been trying to make payments, but never accepted, so she has been depositing it in a trust fund. - inactive, on 12/18/2008, -9/+18Its a tragedy we rush to bail out thieves and fools while so many are thrown under the bus.
It would be nice to see some good old fashioned charity instead of more government intervention, they can't do anything right. - Alathea, on 12/19/2008, -2/+11When you are in a career with a reasonable expectation of it being there why should you have to spend all your money with insurance on your insurance plus your mortgage and taxes? I suppose you wan't to work 24/7 but some of us that have worked up to a relative comfort level in a stable career feel that we shouldn't have to look over our shoulder all the time. Insurance is a ripoff no matter what you by, and disability insurance for a house is one of the worst.
- motters, on 12/19/2008, -0/+9I generally agree with this, and this has always been my strategy - i.e. to have some savings built up during the good times which I can fall back on when times get tough. If you live perpetually on credit (i.e. out of other people's pockets) you leave yourself extremely vulnerable to adverse changes in circumstances.
- Alathea, on 12/19/2008, -9/+18If she's on disability, she CAN'T work. SS isn't approved for people that can still hold a job, dumbass. I suspect many of you have no idea how that works-no kidding, most of you are 15. Im a disabled vet that IS able to still do computer work, but there are many people that have issues where they can't work anymore, but its not visible like missing a limb. Try having a chronic back injury or degenerative disc disease and holding a job that doesn't required you to bend, twist, lift or anything. Not everyone gets to go to college to have a job where they can sit on their ass all day long and just use their fingers or a phone.
- inactive, on 12/19/2008, -8/+16In my lifetime, I have owned a home, and also been homeless! I try to purchase only what I can afford. Too many people just think that credit will solve all their problems, and then run up debt. Today too many people purchase big ticket items they could never afford, simply because they can put it on a credit card. The same goes for automobiles and homes. They think, just because they don't have to pay for it now they don't have to worry. I am sorry for this woman, but she should have "saved for a rainy day". I am retired. I live off my savings, and eventually it may run out. Who's fault is that, MINE!
- pintomp3, on 12/19/2008, -4/+12it's also not unreasonable to assume she can't work because of disability. i guess we should just dump all the cripples on the street.
- spaceddaisy, on 12/19/2008, -0/+8What are you talking about, correctional system, criminals? Read the article, this was a nursing assistent and activity director at area care homes and hospitals, yeah she was lowest of the low alright....
Agree with Algaeturd, where is the sense of community, hardly anyone has a shred of empathy and sympathy left. - senixon, on 12/19/2008, -7/+14I don't mean to be insensitive (i have friends and family dealing with similar issues) but the truth of the matter is, she doesn't own the house, the bank does! She's not doing what she promised to do (when she signed dozens of loan pages) and now she has to give it up. No one is forcing her into the street, she can go and rent a much cheaper house where the payment doesn't balloon after a year.
I'm not defending the bank either, they did some crap they were never suppose to do, but for the sake of the argument they gave a late a fair chance to own a home, she fell behind on the payments... it sucks, I hope I'm not faced with anything like this, but if I am... I'll give the bank they're house back and go live in the cheap-o apartments until I get my finances straight.
In my experience though, most banks don't want the house back, and are very willing to work out an arrangement where you can re-pay the mortgage and/or reduce your payment. - Jacare, on 12/19/2008, -3/+10"spent hours in court as her mortgage holder, Washington Mutual Bank, pursued foreclosure on the only home she has ever owned." a mortgage implies the banks "owns" the home.
- LeggoMyEgo, on 12/19/2008, -2/+9I just want my kids back.
- humanerror, on 12/19/2008, -11/+18Who cares about other people? ME ME ME ME ME ME!! LOL AMIRITE!
You're an idiot. Taxes are paid by human beings. They should be used to help human beings.
You don't even know whose side you're on. You're the slave on the plantation who laughs when others want to revolt and then runs to tell massah.
***** you, mike17032. And all the other toadies just like you. - Jlaugh, on 12/19/2008, -0/+7The way the politicians and bankers run things you'll have that 2.5 million confiscated for the public good before you can retire just like in it happened in Argentina, because the same banking families own banks all over the world.
Just like they confiscated everyones gold in the thirties in the US. - CasualAffair, on 12/19/2008, -1/+7road... lol XD
- jgzman, on 12/19/2008, -0/+6RTFA: She's not asking the government to bail her out, although it should be noted that her leinholder received a huge bailout. All she wants is to keep paying her mortgage. It sounds like she can pay it, is willing to pay it, and just needs to have a rough patch smoothed over. It's not even money, it's just paperwork.
- humanerror, on 12/19/2008, -6/+12I'm thinking the same thing. Every comment on this so far can be replaced with the following:
"You need help, lady? Too bad!! Not out of MY wallet!! Life sucks! Should have thought of that before you were poor lololol! Hey MOOOOOM cook me a hotpocket!!" - Dragular, on 12/19/2008, -6/+12Clearly the bank should have just let her have a house. I had to have surgery back in February and miss a month of work, where's my free real estate?
- macgarp, on 12/19/2008, -1/+7the thing that sucks balls is more than likely there aren't any jobs in her area that would pay enough/provide good insurance for her health probs, so it wouldn't be economically feasible for her to work. Yay America!
- wantguru, on 12/19/2008, -4/+10Didn't you read that 'She got sick, lost her job and...' ???
- inactive, on 12/19/2008, -0/+6There's probably more to the story than we are reading. Most banks will bend over backwards to keep you in your house because it costs them a lot to do a foreclosure.
- okyourturn, on 12/19/2008, -1/+7I'm buying a house and have looked at many different properties, some of which have been foreclosures. It's sad to walk around and think about the family that used to live there. People can say what they want about people not saving enough or not being smart enough to keep their home, but it IS still sad.
- Munk3y, on 12/19/2008, -2/+8I'm with ya but most of these people are just the modern day witch burners.
- Munk3y, on 12/19/2008, -0/+6You must be smoking some heavy rock. Might want to READ the posts before replying next time, dumb ass.
- Alathea, on 12/19/2008, -1/+6Sure....until you look at the Dept. of Labor definitions for what the job requires and you can't fulfill those, or you lie to your employer and they fire you AND you aren't covered for insurance because of a preexisting condition, or you work and they don't fire you but you still aren't covered by insurance. Until you have a physical disability you don't have a lot of room to talk, do you? I collect disability from the VA, ***** you very much, because my LE and military training are worthless now since no security or police dept will hire anyone with a documented back injury-and they check that ***** out before they hire you, paper hat wearers. If she was approved for SS, then it took YEARS of being subjected to dr's telling you that you are lying, and SS administrators losing your claim and medical info for the third time. You don't just 'get' social security disability like you applied for a credit card dumb tard. Its one of the hardest things to get when you qualify on all counts-they are too busy giving it all away to those old folks that, by your definition, should have already worked for their retirement so why do they need a handout?
As far as jobs being beneath her, well she was doing fine before on her job before she got hurt-what good does it do her to work a menial job that pays less than what she is trained to do, combined with the risk of hurting her worse? That's some ***** up logic right there. Im sure you can work three 8 hour jobs a day to equal the pay of the one thing you are trained to do but can't anymore but not everyone can-and they shouldn't have to. It's not like she's an uneducated or untrained patt y flipper. When you have skills it's a little harder to get a job than going down to ***** Burger King. - mal1964, on 12/19/2008, -1/+6The big banks ***** their customers all the time. Ive always used a small bank that know my name when i walk in the door. Small banks cant afford to give out loans to people at risk of not paying them back. But when they are able to manage a loan the small bank will be there for them,
- Beej, on 12/19/2008, -8/+13How are you ever going to retire if you don't have at least a year's worth of salary in savings? Eventually you're going to need 30 years salary in savings, so you might as well get on it now!
- doktored, on 12/19/2008, -3/+8I don't get why the government bailed out the lenders who lend to other people who in turn lend to the public, who can't afford things.
Why not just give to the public who in turn then can afford their houses - in turn they could then stimulate the economy from the consumer down.
The banks loans haven't stimulated the economy, they just all took the money and sat tight. Not wanting to make the same mistakes they just made (also knowing that some of your hedge fund investments might go up the swannee at any point)
800 billion + the rest would of probably saved a lot of homes. - neocreo, on 12/19/2008, -0/+5I want to go to Mars. Earth is going down, faster than the white knight!
- cddict1, on 12/19/2008, -0/+5Thats really sad..
- memper, on 12/19/2008, -1/+6So she is in a situation where she can't afford a house any longer. Time to get out of the house.
She isn't entitled to a house, and neither am I. If I can afford one, I'll get one. Otherwise, I know enough about pride to know it isn't measured by the stuff I own or the people I owe. - ZetaRho, on 12/19/2008, -2/+7Just wants to keep her house? Doesn't everyone?
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