Tonight I called my sister in MA to see how she was doing upon her upcoming birthday. She told me she was in foreclosure on the house she had been paying on the mortgage for 10 years.
I was the first person in the family she told. I’m in FL. The rest of the family is in MA & she was too embarrassed to let them know yet.
At the end of the conversation, I suggested that she send communications (email, phone, U.S. mail) to Senator Elizabeth Warren & to her representative. (Milford, MA 01757)
She worked for Fashion Bug for six years, but was unemployed for 1 & 1/2 years when that store was closed. She now works at a doctor’s office. Her husband works two jobs, one as a pizza deliverer and another in health care.
Their two children (now adults) live at home. My 20-year-old niece, a bright student, attended college in Vermont, but recently had to leave due to the financial circumstances. My other lovely niece, 33 years old, lives there & works a variety of jobs, including pet-sitting.
I believe my sister said the short sale price was $20,000. I didn’t take exact notes, but I think that’s what she said. They don’t know why they can’t pay a certain amount monthly for the house they’ve lived in for 10 years rather than have the bank sell it for $20,000, way more than what they have already put into it.
Can someone enlighten me & give advice to my sister?
Thanks!!