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RANDY P
2294 Posts |
 Posted - 03/27/2008 : 7:44:59 PM
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I was just talking to a client that I needed an LOE from explaining her derogs over the last 3 years, including basically all of 2006 as a rolling 30-
A 28 y/o girl, single Mom of FOUR (yep, count 'em 4) kids, got married right out of HS, talked into buying home with abusive ex, had 3 kids with an abusive ex, and got a divorce then the dad stopped paying. She then got a new BF, who got her pregnant then DIED 2 mos. into her pregnancy.
Stuck with the house payments, unpaid bills from the 1st marriage, filed BK since she fell behind with no support - then has new BF die who was contributing to the household, unskilled she put herself through training to open up her own inhouse daycare, paying what bills she could, supporting all the kids at the same time, opened up her biz to the point where she could actually show a profit with real tax returns and a biz license and getting the house caught up.
All this being a single mom with 4 kids and now 28- I got her as a refi to consolidate her 1st and 2nd. Her FICO's are back and she's rolling along, even has assets she built up on her own.
If anyone deserved a break for her recent 3 years, this would be the client. It's easily one of the hardest luck stories I've ever heard- and also one of the most determined and resourceful client I've ever seen.
No welfare involved either...
And I thought MY problems are bad. Sometimes seeing how others live and have been through make your problems seem insignificant.
rjp |
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dkendall1979
8743 Posts |
Posted - 03/27/2008 : 7:52:34 PM
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Too bad this isn't the norm as opposed to the exception.
If more people would walk step up in crisis like she did, we wouldn't need Democrats to "protect the less fortunate". |
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hherrm
1326 Posts |
Posted - 03/27/2008 : 7:56:55 PM
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| Randy, thanks for sharing that story. This person probably would have not had a chance if she went to a local bank with an order taker. That is one reason why Brokers need to survive, to help people that deserve a break. |
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smoothlid
329 Posts |
Posted - 03/27/2008 : 7:58:50 PM
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ok, here's one for counter balance...
Borrower & Boyfriend buying home....VA deal.
Turns out she was widowed....IRAQ.
Hubby was going out for 3rd deployment(supposed to have gone only once for 6 mos), & probably suspected wife, .....offed himself.
she gets full VA benefits, & guar VA loan PLUS life Ins $$$ to set up camp with the boyfriend in new house.
working on the deal gives you chills.
Nice to hear your borrower is at least doing it on her own & making it happen...good for her. |
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Chris Clark
5959 Posts |
Posted - 03/27/2008 : 8:00:33 PM
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quote:
Originally posted by hherrm
That is one reason why Brokers need to survive...
Who needs a broker to help out when you've got politicians that want to do the "right" thing?
blah |
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hherrm
1326 Posts |
Posted - 03/27/2008 : 8:06:44 PM
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| HAHA, forgot about them for a minute. Yeah, everybody will be taken care off. Everything will be fine, the big dog is looking out for us. Eventually we all will be in the doghouse, no problem, I'm sure that they will throw a bone here and there..lol |
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moneyluck
3738 Posts |
Posted - 03/28/2008 : 10:58:46 AM
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| i love stories like that. why don't THOSE people go on CNN and get any play? |
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bmoran
1083 Posts |
Posted - 03/29/2008 : 07:28:50 AM
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quote:
Originally posted by moneyluck
i love stories like that. why don't THOSE people go on CNN and get any play?
Because those stories do not fit the Democrat play book |
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rtrefflich
2634 Posts |
Posted - 03/29/2008 : 09:15:46 AM
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You mean that people who can think for themselves, work hard and do all they can to avoid public welfare should be on CNN. Our country was set up on the govt. doing everything for you and people sitting back and taking a free ride.
In 2001 I was fortunate enough to do a research project in Cuba (on a visa and everything) and the more I hear Obama and Clinton talk about how needy, helpless and quite frankly stupid the American people are and how we need their wonderful leadership to "save" us, the mroe I think back to my time in Cuba and how people just sat around doing nothing waiting on the govt. to give them everything, and then complaining because it wasn't enough.
quote:
Originally posted by bmoran
quote:
Originally posted by moneyluck
i love stories like that. why don't THOSE people go on CNN and get any play?
Because those stories do not fit the Democrat play book
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bmoran
1083 Posts |
Posted - 03/29/2008 : 10:04:55 AM
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Thats right, the rest of the world is slowly starting to move away from their failed socialist policys and America is embracing them.
America wasnt founded on Socialism but we were founded on freedoms which will let us choose those policys.
It was written that Americans would never just accept the liberal social views in one sweeping move, so the left slowly implements its policys under the guise of health and welfare, anti discrmination, regulation, etc... Everytime you look to the goverment to protect you or help you, you trade a little bit of your freedom.
Then one by one we are all dependent on the govt for something.
Then one day we will wake up and say "how did we get here"
Think next time you look to the government for an answer |
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assassin17
3330 Posts |
Posted - 03/29/2008 : 1:23:23 PM
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The one thing Democrats never explain is why it's a good thing to help less-fortunate people by making other people less-fortunate.
Not all Democrats are dumb, but I can honestly say that the dumbest people I know are all Democrats. Every single one of them and every hard-luck story I know... All Democrats. That is not just by coincidence. They fill their voting ranks by feeding the ego of unintelligent people who are being told they are doing something smart. My Republican friends all finished school and have good incomes. The poorest one of them is ME!
There is nothing smart about helping poor people and making others poor to achieve it. |
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ritabradley01
2218 Posts |
Posted - 03/29/2008 : 5:36:23 PM
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We can help people by educating them and helping them in the SHORT term. If they prove that they don't want to work they should be cut off from help.
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assassin17
3330 Posts |
Posted - 03/29/2008 : 6:26:07 PM
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Example: Welfare is NOT education, nor is it SHORT-TERM... but it definitely is a Democratic concept and program that drains money from others and eventually forces some of those right onto the Welfare rolls to replace the few people who were "helped" off of it.
I don't consider creating a society of government-dependent people to be any form of education. It's exactly the opposite. |
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