Family Faces Foreclosure Crisis

by cassy82 | December 4, 2008 at 03:36 am
259 views | 16 Recommendations | 7 comments

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Family Faces Foreclosure Crisis

Family Faces Foreclosure Crisis

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The Reynolds family used to live an extravagant life. Rodney, the head of the family, made $80,000 a month and his wife Lydia earned a monthly income of $150,000. No one would think that they would eventually fall victim to foreclosure.

Their earnings were more than enough to support a rather luxurious lifestyle. Rodney had a collection of first-class BMX parts which was not inexpensive, and neither were Lydia’s trips to Puerto Vallarta.

The Reynoldses were a typical rich family – haunted by issues and conflicts among them. The couple each had children from past relationships and this was always a cause of argument. They would attend marriage counselling but this worsened the situation as they would just rant about the shortcomings of the other.

In the latter part of 2006, bigger trials started. Both the couple suffered from severe health conditions and they had to stop working. This was when the family’s financial crisis started and foreclosure threats began to set in. They began selling properties. They started loaning money from friends and family in order to pay mortgage and save the house from foreclosure.

Lydia began attending church. During the times when the family was left with nothing in their cupboard, the church community donated food. With his pride taking the best of him, Rodney refused help. He believed that he could take charge in taking care of the family. But whether he admitted it or not, he could not.

In New Year of 2008, Rodney had two resolutions – first was to save the house from foreclosure, then came second was to save his marriage with Lydia. He went to church as part of his effort to achieve the second resolution. As for the first, he completely failed. Their house was foreclosed. The family had no choice but to move in with the relatives of Lydia.

At these very trying times, the family has nothing else but each other. Hopefully, the foreclosure incident could bring them back together.

By Cassiano Travareli

recommend This comment thread is now closed
0
Paschen

You mean Annual Income not Monthly.

Don't you?

0
An American in Lima

Cassie, where did this happen? Location?

0
reshmi

May God help them regain everything with each others strength.

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Rhonda J Mangus

Thank you for this story, Cassy82.

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sara star

I find it hard to feel sorry for those irresponsible with money. Do they want us to bail them out too?
Hopefullly they have learned a valuable lesson.

1
lefty_liberated

I couldn't disagree with you more Sara. It's the fault of the bankers and a government lack of regulation that is at fault. These mortgages were set up to take advantage of people who had bad credit, or lack of financial knowledge and its inexcusable. If you should have a lack of pity for anyone it should be for the predatory bankers who in my opinion should have gone under. It's the American people who need a bail out -- we're suffering because the psychopathic and originally unelected Bush bankrupted our nation to slide money in the pockets of Blackwell, Haliburton and other corporations. This is what we call the military industrial complex

Update: Oh and star...I noticed you're writing from a country with national health care...Must be nice.

Recommended Viewing: http://www.zeitgeistmovie.com/

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sara star

I agree the government and bankers had influence, but at the end we have to take responsibility for buying their bill of goods. When we blame others for our woes, we give away our power.

As per UPDATE, here at NP we try not to take pot shots at the people writing in, and put them down because of where they are from. We are all encouraged to voice our opinions and even encourage different views, but without attacking the person themselves.

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Paschen
First Flagged at 3:42 AM, Dec 4, 2008 by Paschen
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