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June 20th, 2008 at 02:35 am

All I could say was wow, I called my sister today and when she called back she said she wa in the processing of moving because her house went into foreclosure. I thought WHAT! but she seemed ok with it. She said her mortgage had adjusted to $4000 (OMG) and I asked why did she get an adjustable mortgage and of course I did not get a real reponse. I feel really bad. I wish I could help them out but I can't. Times are real hard now

16 Responses to “Wow”

  1. NJDebbie Says:

    I am sorry that your sister is going through some difficult times. When I read things like this it makes me want to save, save and save and do all I can to live below my means. Hopefully it's a lesson learned for your sister.

  2. Amber Says:

    NJ, I hope so

  3. creditcardfree Says:

    Wow...that's about all I can say, too.

  4. baselle Says:

    Wow is right. Its too bad you didn't get a real response - it means that she might not be learning.

  5. merch Says:

    WOW!!!! 4,000 a month. That's like a 600k mortgage.

    Sorry for your sister.

  6. mom-sense Says:

    Yikes, so sorry for your sister - that is awful! There really isn't much you could have done to help her.

  7. Koppur Says:

    I'm sorry your sister is losing her house. Out of curiosity, is this the sister that is always borrowing moey from you and having trouble paying you back?

  8. Ima saver Says:

    Sorry to hear that Amber. I am so glad my house is paid for!!

  9. Amber Says:

    Yes koppur it is the same one

  10. MariRDH Says:

    I'm so sorry to hear this, Amber. I hope your sister can turn her life around. I know you must be a great example for her.

  11. Koppur Says:

    Hopefully this helps her see better ways to manage money and things work out well for her.

  12. gamecock43 Says:

    Yes wow. i hear about forclosures but havnt heard anyones personal story. Feel free to keep your sister's situation updated for us.

  13. Aleta Says:

    Sorry to hear that. Where will she move to?

  14. Amber Says:

    I am not sure Aleta we were to go looking today but it was raining. She should have done that months ago

  15. Says:

    Is she being evicted? Many people leave in the early stages of default, even though the bank may not be taking over the house right away. Sometimes it takes the bank 9 months or more to actually foreclose. Has her house been scheduled for auction already?

  16. Amber Says:

    Yes she is being evicted, it appears as though she was informed that the bank would start the paper work for foreclosure last January. I just hope she had sense enough to save the money she wasn't paying

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