Essay about My Family's Experience with Foreclosure

At some point – was constantly urged that they could not hold the house for us for much longer and that we needed to put down a deposit ASAP or else someone else would be forced to sale the property to someone else.

Upon my arrival, I met with the complainant Mark Shipman. Mark Shipman told me on August 15, 2015, he was at his bosses residence located at 145 County Road 4839, Winnsboro, Texas 75494. Mark Shipman stated they were working on his bosses property when he observed one of the workers were not there with them, Wayne Beardon, suspect. Mark Shipman told me he went to go look for Wayne Beardon, Mark Shipman said when he was looking for him and observed him buy his vehicle. On August 13, 2015, Mark Shipman told me his land lord called him and ask him about his rent money. When he went to go get his money

Upon my arrival I met with Henry Crumbly in reference to items missing out of his residence. Crumbly stated that upon arrival this morning he noticed that the kitchen window behind his residence appeared to have been damaged. Crumbly advised me the window was lying on the ground outside of the residence. Crumbly stated that he entered the residence to investigate Crumbly advised me during his investigation he discovered his Whirlpool washer valued at $500 appeared to have been removed by unknown person(s). Crumbly stated he no longer lives at the residence but he checks the residence periodically for missing property or damages. Crumbly advised me he is unaware of who may be responsible. Mr. Crumbly advised me he does not remember the serial

Our suspicions that this was not Elmore’s home were confirmed when we received a response to our subpoena on November 9, 2015; not only was the Chase Home Finance Loan for Janet Desvigne and her late husband’s home (please see attachment below, pg 2 of 85 returned from Chase Home Finance), Solomon had made several other payments from his business account towards the mortgage after this larger payment. The subsequent payments were as follows: $830.31 on June 25, 2013, $1660.62 on August 5, 2013, and $1660.62 on October 4, 2013. There is no evidence to support that the $17,258.50 payment to Chase Home and Finance benefited Elmore Desvigne’s estate. Even if Solomon were to claim that he was under the impression this payment was for the benefit of Elmore’s estate, he should have become aware that it was not when he assumed the role of executor. Additionally, he knowingly accepted “reimbursement “from Janet in September when she had no fiduciary powers; again, even if he claims to not have known where the money came from, this is something he would have learned when he became

The decision was made to leave the victim’s vehicle at the residence Ms. Collins did not have any issues with the vehicle remaining on the property. I then made contact with Kim Holmes the mother of the victim. I turned the victim’s property over Kim Holmes at approximately 4:30 p.m. I also advised Kim Holmes on what was going to take place. After explaining everything to Kim Holmes I provided her with my business card and a card for vital statistics.

She advised she confronted a male with a flashlight in hand on her back deck this evening prior to my arrival. She informed the male that he should have rang the doorbell instead of just walking around the perimeter and onto her deck with permission. The male advised that his fiancé is a realtor and they heard the house was up for auction. The male returned to his vehicle and his fiancé came and introduce herself to the Ms. Cooper and left her business card with her name; Cieraca V. Rhoaes with Re/Max 252 623-8355)

The foreclosure crisis that devastated our economy several years ago not only impacted the middle class wealth but also the upper class wealth. The upper class families who were not prepared for this crisishad to downsize their primary homes or utilize their investments and savings to keep their properties. The middle class families were hit the hardest during this crisis with losing there homes, depleting their life savings and investments. The middle class families who were forced to foreclose on their homes due to their loss of income and financial security moved into rental apartments or moved to a family members home to regroup from this crisis. Areas that may have added to foreclosures or short sales were the lost of many jobs due to a corporation downsizing of their employees, or the over appraising of a property if the property was appraised higher than the true value or what a buyer was willing to pay for the property. Homeowners were forced to sale their property at a lower price if the homeowner was in the process of a divorce, relocating for a job or foreclosing because they had fallen behind on their mortgage payments.I have seen circumstances where certain peoplelived above their means by spending more for a home or nonessential items like luxury vehicles they couldnot actually afford to pay.

It is evident that the housing deficit is just a layer of the many problems we are suffering from during the hard times in our economy. Foreclosure is indeed a horrific word that is haunting homeowners across the US. Because of the situation in the current economy, millions of Americans have been plagued by foreclosing on their homes and are left to find new location for themselves and their families to live.

Foreclosure in America has been a rising and prominent problem recently, and has destroyed many Americans hopes and dreams. Over 2.3 million homes were foreclosed in 2008, and an estimated four million homes will be foreclosed by the end of this year. Despite the efforts of many banks and lending companies, over half of homes will foreclose that have received their help. I believe that we have only started in the right direction in solving the foreclosure crisis. Giving money and lowering mortgage rates will help, but I believe we should find out why Americans are in this situation in the first place. We are being too stereotypical when we think the only reason someone is foreclosing is because of irresponsible payments or buying a home

In the gleeful times of 2005, my parents decided, like so many others, that it was time to “upgrade.” They sold our smaller home on the other side of town, which had appreciated nicely, and bought a 3700 square foot behemoth in a town with already exorbitant property taxes. My younger brother and I were thrilled to finally have a basement, our own rooms, and even a concrete basketball court in our backyard! All eight-year-old me knew was that things were going to be a whole lot more comfortable from there, and my optimistic parents seemed to think the same.

mortgage was due, and I had not paid anything since they sent the check back to me in March. I received a letter stating that I had to send them both payments, or they would not accept it. I had believed that if I was sending them a payment, everything would be okay until I was able to catch up. When I sent February’s payment in March, the mortgage company sent the check back. I explained to them that I wasn’t two months behind because I had until the 15th of March to pay them. They would not work with me, and now I had a problem of needing at least another one thousand dollars to catch up with my mortgage payments.

The insolvency seen in the Housing Market manifested in the large number of stagnant foreclosures caused a dramatic decline in housing prices, which resulted in many homeowners owing more money on their houses than they are worth. Market-level insolvency is caused by capital flight in a specific market in response to a scare during a decrease in solvency. During the scope of this recession, the initial, progressive decrease in solvency was caused by a negative Net Capital Outflow in conjunction with the cash-vacuum produced by the US Budget Deficit, and the scare was caused primarily by the failure of several significantly-sized corporations and a rapid increase in foreclosures caused by the loss of a large number of jobs.

In 2005 I became a widow with four young children and no home. I took my husband’s modest life insurance policy and put $12,000 down on what I thought would be our home until my children graduated and went on to live their own lives. After a year of paying a modest mortgage payment in the state of New York, my mortgage suddenly went up over $400 a month and I could no longer afford the payments. For three months I called every refinancing company, every home loan company and any other resource I knew of at the time, in an effort to save our home. Because I was on a fixed income and had gotten behind in my mortgage payments no company would touch a refinance unless I could bring it up to date. I put my house on the market for a much lower price than I was paying for it and after another three months when it didn’t sell I was forced out of my home.

Narrative Essay: Revision 5 During the first week of July of 2014, when I went out to grab the mail, I was approached by an older gentleman who handed me a piece of paper, and told me that our house was in foreclosure. “That is impossible. We pay our bills on time!” “I do not know anything about your problems,” he said.

Seeing other people reactions towards foreclosure helps me to develop a meaningful value of life and how to appreciate it everyday of my life. As I see what is going on around me I came up with three plans that can be executed to help all people who are dealing with foreclosure issues. This can become a major factor for the economy. One is called Own A Home , Financially Fit, and Bills To Kill. These are guaranteed plans that will help any individual that feels that they are not financially secured to become a homeowner. The Own A Home program is designed for aspiring homeowner in which they