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RE: Mortgage renegotiation - so angry! - 10/8/2008 4:56:40 PM
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laura...
Posts: 2866
Joined: 3/1/2005
From: NE Ohio
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This makes your angry? What about the millions of people who got caught in this tidal wave who've already lost their homes and all the bailouts won't get it back for them?
I have 2 family members who have lost their homes. Both of them are horror stories:
My sister lost her home when she refinanced to make home improvements. She was financially conservative in her plans. The property was worth far more than the mortgage would be. Improving the house would increase the value even more. Her nightmare started when the contractor turned out to be unscrupulous. She had checked him out to the best of her ability. The cost kept going up and up and up. She had to borrow more than she ever intended. Before the project was finished the contractor abandoned it leaving her to discover that he never obtained permits and inspections weren't done. She had to contact the county inspectors to come and evaluate the project. The plumbing didn't pass. The electric didn't pass. The heating didn't pass. The ROOF didn't pass. The foundation didn't pass. She had to borrow MORE money just to fix the more dangerous problems. The house was condemned by the county inspector. After having to borrow so much her payments were outrageous and she now owed more than the property was worth. She kept up the best she could until her job relocated her unexpectedly. She tried to sell the property AS IS. No one would even look at the house let alone buy it. She HAD to move. She couldn't afford two payments (rent and mortgage). She finally gave the house back to the bank. Perhaps if she had the opportunity to renegotiate the interest rate and the principle she could have kept up until another solution could be found.
My brother-in-law just lost his home 2 months ago. They bought their modest home for a reasonable price. He and his wife make more than enough money to pay the mortgage. They've lived there for many years. He decided to refinance the home in order to pay for some improvements. Almost immediately after refinancing the mortgage was sold and then resold and then resold again. They made payments but the payments were returned because it was sent to the wrong institutions. They couldn't keep up with who held the mortgage. When the dust finally settled, they were several months behind in their mortgage and the current holder had put them into foreclosure. Once it was in foreclosure the holder refused to accept any payments. They went over a year unable to make a mortgage payment even though they had the money. They finally paid for an advocate to try to resolve the problem. The solution: Pay $15,000 down and a monthly mortgage payment that was over 60% higher than their original mortgage payment. They could neither afford that nor was the house worth what the holder now set as the principle. They had to walk away. There were over 10 homes on their street in foreclosure. By the way, the mortgage company that sold off their mortgage that started this fiasco was one of the first to go under. If they had had the opportunity to renegotiate their interest rate and principle they would probably still be in their home. It's too late for them.
_____________________________
This is what the Lord says: “Stop at the crossroads and look around. Ask for the old, godly way, and walk in it. Travel its path, and you will find rest for your souls. But you reply, ‘No, that’s not the road we want!’ Jer 6:16
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RE: Mortgage renegotiation - so angry! - 10/8/2008 8:54:15 PM
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vicbhe
Posts: 57
Joined: 4/24/2005
From: Arkansas
Status: offline
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I built my house 5 years ago, was always on time with the mortage. I built a normal modest house, was offered a lot more money with a 'creative' loan to build a mansion....lol. I stayed within not only what I knew I could afford, I kept it to what I needed, nothing more. I built it on family property so I did not have to buy a lot to get started.
I had prayed about this decision to build, I felt certain it was time, after 13 years of waiting. I put a lot of money into the house out of pocket so I would not have to finance more. I also did some of the work myself and the contractor worked with me on that.
I do not understand why I felt so strong that it was the right time to build. As soon as the plans were made and they broke ground, my sales began to slow down, money was not coming in like I was used to. I wanted to panic and stop building but I knew I had prayed about this, I had counted the cost, and I was building within my means.
Sales never picked back up, instead they continued to drop. The wife decided to bail out (she was never really committed to the 17 yr marriage anyway). She was happy to leave me with the house, kids, and the debts. At least I have my kids..... !
After several years of fighting to keep things afloat, I filed chapeter 7. I lost the house, my grandpa's land, my business, and pretty much everything I own. I'm not one of those nice folks that file today and drive a new car tomorrow. I'm struggling now still. It's somewhat harder to get into the job market after being self employed for a long period of time (14 years) as employers tend not to trust you the same. I don't why it's that way, it just is.
I would love to renegotiate a loan, that was not avaliable to me. I'm still in the house, waiting for them to kick me out. I cannot afford anything right now so I will be living in that old trailor I grew up in and will be glad to have a roof over my head.
I try to look on the bright side, I grew up in an old trailor, got married and lived in a old trailor. At least me and the kids got to enjoy a nice house for 5 years!
_____________________________
“You cannot improve your righteousness by tearing down the righteousness of others”. W.O. Vaught
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RE: Mortgage renegotiation - so angry! - 10/9/2008 8:51:56 AM
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wordsnpic
Posts: 24
Joined: 6/29/2005
Status: offline
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It is odd to feel angry over this situation. If you are not in this situation, you should feel blessed. And pray for those people that are having such a difficult time right now. Mostly, these are people who wanted to make the right decision for their families. Some bit off more than they could chew, but many more had situations change that were beyond their control. It's important that we reach out to people now and not look for blame. Would it make us less angry for people to suffer? If that's the case, I think people are. It's really not about 'I did this right, so I should get the prize' and 'they didn't do it right, so they shouldn't get what I got.' Jesus wasn't all about winning. And Lord knows there is no justice. But certainly we can take on some compassion. Times are hard, and I expect they will get harder. We all need to be a little more understanding.
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RE: Mortgage renegotiation - so angry! - 10/9/2008 8:56:18 AM
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wordsnpic
Posts: 24
Joined: 6/29/2005
Status: offline
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I should rephrase that. Jesus was about winning, but it had nothing to do with money. :)
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RE: Mortgage renegotiation - so angry! - 10/9/2008 10:18:51 AM
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coco101032003
Posts: 13
Joined: 10/1/2008
Status: offline
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quote:
I built my house 5 years ago, was always on time with the mortage. I built a normal modest house, was offered a lot more money with a 'creative' loan to build a mansion....lol. I stayed within not only what I knew I could afford, I kept it to what I needed, nothing more. I built it on family property so I did not have to buy a lot to get started.
I had prayed about this decision to build, I felt certain it was time, after 13 years of waiting. I put a lot of money into the house out of pocket so I would not have to finance more. I also did some of the work myself and the contractor worked with me on that.
I do not understand why I felt so strong that it was the right time to build. As soon as the plans were made and they broke ground, my sales began to slow down, money was not coming in like I was used to. I wanted to panic and stop building but I knew I had prayed about this, I had counted the cost, and I was building within my means.
Sales never picked back up, instead they continued to drop. The wife decided to bail out (she was never really committed to the 17 yr marriage anyway). She was happy to leave me with the house, kids, and the debts. At least I have my kids..... !
After several years of fighting to keep things afloat, I filed chapeter 7. I lost the house, my grandpa's land, my business, and pretty much everything I own. I'm not one of those nice folks that file today and drive a new car tomorrow. I'm struggling now still. It's somewhat harder to get into the job market after being self employed for a long period of time (14 years) as employers tend not to trust you the same. I don't why it's that way, it just is.
I would love to renegotiate a loan, that was not avaliable to me. I'm still in the house, waiting for them to kick me out. I cannot afford anything right now so I will be living in that old trailor I grew up in and will be glad to have a roof over my head.
I try to look on the bright side, I grew up in an old trailor, got married and lived in a old trailor. At least me and the kids got to enjoy a nice house for 5 years!
_____________________________
“You cannot improve your righteousness by tearing down the righteousness of others”. W.O. Vaught
You are such a brave person and I admire you for that. You are so right you do have your children and I will be praying that you find a job and I know GOD will bless you. It doesnt matter where you live, my grandfather used to always tell me "it doesnt matter where you live as long as you make it a home where GOD can live." My prayers are with you and your children, ((HUGS))
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RE: Mortgage renegotiation - so angry! - 10/9/2008 1:53:05 PM
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stellaluna
Posts: 4229
Joined: 4/11/2005
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I think those of you who were responsible with your mortgages should still try to get a better rate and lower principal. See what kind of justification you get for doing what you're supposed to do when the bank turns you down. (Just for a little experiment, you know.)
_____________________________
Who should be allowed to attend church?
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RE: Mortgage renegotiation - so angry! - 10/9/2008 3:16:58 PM
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GregandJenny
Posts: 616
Joined: 2/16/2006
From: Near Seattle Washington
Status: offline
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quote:
See what kind of justification you get for doing what you're supposed to do when the bank turns you down.
LOL. i think the banks may at this point negotiate interest. what has got my goat on this whole thing is the principal the idea of changing that is just so crazy.
G
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It does not have to be well with my circumstance to be well with my soul!
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RE: Mortgage renegotiation - so angry! - 10/9/2008 3:28:45 PM
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stellaluna
Posts: 4229
Joined: 4/11/2005
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I totally agree. I had no idea it was possible to get a lower principal. That's insane.
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Who should be allowed to attend church?
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RE: Mortgage renegotiation - so angry! - 10/9/2008 3:40:03 PM
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GregandJenny
Posts: 616
Joined: 2/16/2006
From: Near Seattle Washington
Status: offline
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Maybe they will do that with my car. 
_____________________________
It does not have to be well with my circumstance to be well with my soul!
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RE: Mortgage renegotiation - so angry! - 10/9/2008 4:14:07 PM
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mrtigger
Posts: 292
Joined: 4/12/2005
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I do feel compassion for *some* of the homeowners currently in this mess. Some of them are responsible people who just made a mistake. They wanted a house for their family and felt they'd be shut out permanently if they didn't try to squeeze into one. They bought a house than they thought they could pay for, etc. Then they lost a job or something like that. Those people deserve some compassion.
But there was way too much mortgage fraud, liar loans, McMansions, flippers, specuvestors, HELOCed cash for (pick one or several of): Escalades with spinners, boob jobs, Tahiti vacations, etc., involved in this for me to have much sympathy for them as a group.
The innocent home owners involved in this mess are a minority. Most of them are not victims. Many of them in fact committed criminal acts to get into the situation they are in. Mortgage fraud is a crime.
My compassion lies with the responsible people who did the right thing. The ones who bought the house they could afford, were honest on their loan apps, or who got shut out entirely of the housing market and now have to deal with (and pay for) the mess that irresponsible and sometimes even criminal persons created.
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mr tigger
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RE: Mortgage renegotiation - so angry! - 10/9/2008 4:34:51 PM
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kernsfamily
Posts: 1360
Joined: 4/26/2006
From: Dallas (originally Detroit)
Status: offline
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quote:
I do feel compassion for *some* of the homeowners currently in this mess. Some of them are responsible people who just made a mistake. They wanted a house for their family and felt they'd be shut out permanently if they didn't try to squeeze into one. They bought a house than they thought they could pay for, etc. Then they lost a job or something like that. Those people deserve some compassion.
As I mentioned earlier in this thread.....:
As the sole-income provider for a wife and THREE kids, about 5 years ago, I was UNEMPLOYED for TEN months. Guess what? We made ALL of those mortgage payments ON TIME (along with most of the other bills)......with these people getting "renegotiated" rates and reductions in PRINCIPAL, one would think that I could get some "credit" of some sort for doing what is RIGHT......i couldn't even get them to make a 'notation' on my credit reports!
If every homeowner fell into foreclosure because they lost a job.....98% of people would lose their home due to foreclosure at some time or another over the 15-30 yrs. they are making payments.....but, that doesn't happen....Over 15 or 30 years, ALOT can happen...I know that...as ALOT has happened to us, and we'll only been in the house for a little over 10 years....but, prudent contingency planning can get anyone through most any "financial disaster".....and, prevent someone from losing their home.
Obviously, alot of people don't plan properly.
_____________________________
Proud dad of 3 great girls....Erin, Emilie and Elise
Blessed to have all of them in a "totally awesome" public elementary school!
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RE: Mortgage renegotiation - so angry! - 10/9/2008 6:53:18 PM
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ofa23
Posts: 761
Joined: 4/19/2005
Status: online
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Here is a video I watched about the mortgage crisis on Youtube and I thought of this thread. Here it is http://www.youtube.com/watch?v=1RZVw3no2A4&feature=iv&annotation_id=event_597487
_____________________________
In essentials; Unity (The Nicene Creed)
In Non-Essentials; Liberty (Everything Else)
In all things; Charity
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RE: Mortgage renegotiation - so angry! - 10/10/2008 9:24:00 AM
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Row1
Posts: 250
Joined: 12/2/2005
Status: offline
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"My sister lost her home when she refinanced to make home improvements."
"My brother-in-law...decided to refinance the home in order to pay for some improvements."
I am starting to see a pattern here.
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RE: Mortgage renegotiation - so angry! - 10/10/2008 9:27:59 AM
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laura...
Posts: 2866
Joined: 3/1/2005
From: NE Ohio
Status: offline
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quote:
ORIGINAL: Row1
"My sister lost her home when she refinanced to make home improvements."
"My brother-in-law...decided to refinance the home in order to pay for some improvements."
I am starting to see a pattern here.
Yep. LOL!! But, both of the homes desparately needed the work. Both planned within their budget.
_____________________________
This is what the Lord says: “Stop at the crossroads and look around. Ask for the old, godly way, and walk in it. Travel its path, and you will find rest for your souls. But you reply, ‘No, that’s not the road we want!’ Jer 6:16
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RE: Mortgage renegotiation - so angry! - 10/10/2008 11:31:24 AM
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kernsfamily
Posts: 1360
Joined: 4/26/2006
From: Dallas (originally Detroit)
Status: offline
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quote:
ORIGINAL: laura...
quote:
ORIGINAL: Row1
"My sister lost her home when she refinanced to make home improvements."
"My brother-in-law...decided to refinance the home in order to pay for some improvements."
I am starting to see a pattern here.
Yep. LOL!! But, both of the homes desparately needed the work. Both planned within their budget.
If it was "within their budget"....why the refinancing to do it?
I am in the starting stages of a "phase by phase" renovation of most of our house....will take probably 5 years..or more (one project/room at a time...pay as I go)....but, "refinancing" to pay for it hasn't even been considered....
because we are "doing it within our budget"....
_____________________________
Proud dad of 3 great girls....Erin, Emilie and Elise
Blessed to have all of them in a "totally awesome" public elementary school!
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RE: Mortgage renegotiation - so angry! - 10/10/2008 11:38:54 AM
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laura...
Posts: 2866
Joined: 3/1/2005
From: NE Ohio
Status: offline
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quote:
ORIGINAL: kernsfamily
quote:
ORIGINAL: laura...
quote:
ORIGINAL: Row1
"My sister lost her home when she refinanced to make home improvements."
"My brother-in-law...decided to refinance the home in order to pay for some improvements."
I am starting to see a pattern here.
Yep. LOL!! But, both of the homes desparately needed the work. Both planned within their budget.
If it was "within their budget"....why the refinancing to do it?
I am in the starting stages of a "phase by phase" renovation of most of our house....will take probably 5 years..or more (one project/room at a time...pay as I go)....but, "refinancing" to pay for it hasn't even been considered....
because we are "doing it within our budget"....
I should have said that the new, refinanced mortgage was within their budget. &:)
My sister's house renovation involved tearing down half the house and rebuilding. (Personally I think she should have torn down the whole house.)
My BIL...I don't know why. His refinancing may have been as much to reduce interest as to provide money for the reno.
_____________________________
This is what the Lord says: “Stop at the crossroads and look around. Ask for the old, godly way, and walk in it. Travel its path, and you will find rest for your souls. But you reply, ‘No, that’s not the road we want!’ Jer 6:16
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RE: Mortgage renegotiation - so angry! - 10/10/2008 12:11:48 PM
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coco101032003
Posts: 13
Joined: 10/1/2008
Status: offline
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As I mentioned earlier in this thread.....:
As the sole-income provider for a wife and THREE kids, about 5 years ago, I was UNEMPLOYED for TEN months. Guess what? We made ALL of those mortgage payments ON TIME (along with most of the other bills)......with these people getting "renegotiated" rates and reductions in PRINCIPAL, one would think that I could get some "credit" of some sort for doing what is RIGHT......i couldn't even get them to make a 'notation' on my credit reports!
If every homeowner fell into foreclosure because they lost a job.....98% of people would lose their home due to foreclosure at some time or another over the 15-30 yrs. they are making payments.....but, that doesn't happen....Over 15 or 30 years, ALOT can happen...I know that...as ALOT has happened to us, and we'll only been in the house for a little over 10 years....but, prudent contingency planning can get anyone through most any "financial disaster".....and, prevent someone from losing their home.
Obviously, alot of people don't plan properly.
Some people have lost their jobs that were living paycheck to paycheck or have businesses that have just crumbled. Now you are so correct about people who dont plan properly but who thinks they will lose their job? OK so they should have planned properly and they didnt so what? Who are you to be the judge of what needs to happen? Let it play out eventually something will come of it and the ones who did it right will be rewarded!! And that is called PATIENCE!!! And Who knows that someone is going to die? What If your child comes down with some sort of cancer? Would you still be able to fly to memphis to St. Jude or drive back and forth keep your job and support your family? and OH.... still make payments on your house? Have you ever been to St. jude? There are thousands of families who cant afford cost of living or their house anymore due to their child is dying of some sort of cancer and they want to spend every last minute they can with them. You are very blessed this hasnt happened to you so give people a break. And if it will make you feel better call your bank and let them give you a nice job speech and call it a day. You are also lucky you have a wife whom I am guessing suppoprts you in everything you do and that you have children. God can easily take all of that away in a second!! So my point is... just be happy you are fortunate,smart and have a family and let everyone else fall and pay for their own consequences becuase we all will eventually on judgement day. "Ye without sin cast the first stone" Jesus was always doing the RIGHT thing and then was crucified on a cross!!!! Some people don't plan like they should and some peolpe don't think like they should as a CHRISTIAN. We are different and should stand out as different but not by wanting to be rewarded for something done RIGHT!!!
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RE: Mortgage renegotiation - so angry! - 10/10/2008 12:20:03 PM
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GregandJenny
Posts: 616
Joined: 2/16/2006
From: Near Seattle Washington
Status: offline
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quote:
Some people have lost their jobs that were living paycheck to paycheck or have businesses that have just crumbled. Now you are so correct about people who dont plan properly but who thinks they will lose their job? OK so they should have planned properly and they didnt so what? Who are you to be the judge of what needs to happen? Let it play out eventually something will come of it and the ones who did it right will be rewarded!! And that is called PATIENCE!!! And Who knows that someone is going to die? What If your child comes down with some sort of cancer? Would you still be able to fly to memphis to St. Jude or drive back and forth keep your job and support your family? and OH.... still make payments on your house? Have you ever been to St. jude? There are thousands of families who cant afford cost of living or their house anymore due to their child is dying of some sort of cancer and they want to spend every last minute they can with them. You are very blessed this hasnt happened to you so give people a break. And if it will make you feel better call your bank and let them give you a nice job speech and call it a day. You are also lucky you have a wife whom I am guessing suppoprts you in everything you do and that you have children. God can easily take all of that away in a second!! So my point is... just be happy you are fortunate,smart and have a family and let everyone else fall and pay for their own consequences becuase we all will eventually on judgement day. "Ye without sin cast the first stone" Jesus was always doing the RIGHT thing and then was crucified on a cross!!!! Some people don't plan like they should and some peolpe don't think like they should as a CHRISTIAN. We are different and should stand out as different but not by wanting to be rewarded for something done RIGHT!!!
I think what Kerns is saying is that people need to sacrifice to make ends meat. If you're living pay check to pay why do you own a house? If people don't plan like they should or save like they should they will reap the consequences as they should.
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It does not have to be well with my circumstance to be well with my soul!
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RE: Mortgage renegotiation - so angry! - 10/10/2008 12:28:17 PM
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coco101032003
Posts: 13
Joined: 10/1/2008
Status: offline
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quote:
I think what Kerns is saying is that people need to sacrifice to make ends meat. If you're living pay check to pay why do you own a house? If people don't plan like they should or save like they should they will reap the consequences as they should.
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Yeah but that is in a perfect world!!! The government is bailing them out so they can stay in their home and that the bank doesnt have to lose their money. So eventually it will catch back up with all bail out or not. Those people will have to pay for their consequences and the people who did it RIGHT will still be just doing it right!! I was speaking of anyone who lives paycheck to paycheck and yes they might own a home or just rent. The point is we cant control it so instead we need to just call it a loss and send them our prayers.
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RE: Mortgage renegotiation - so angry! - 10/10/2008 12:33:03 PM
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coco101032003
Posts: 13
Joined: 10/1/2008
Status: offline
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ome more thing yes the people will pay consequences but It seems like the ones who have been doing it right want rewarded also? I dont understand this? Why cant we just say great I am so glad I am not in that position and pray for the ones who are.... This is what CHRISTIANS do and this is why we are different.
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RE: Mortgage renegotiation - so angry! - 10/10/2008 12:39:17 PM
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kernsfamily
Posts: 1360
Joined: 4/26/2006
From: Dallas (originally Detroit)
Status: offline
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quote:
We are different and should stand out as different but not by wanting to be rewarded for something done RIGHT!!!
The ONLY reason I mentioned about being "rewarded" for doing what is "right"....is because there are MANY out there, who DID NOT DO the right thing, and now all of a sudden are "victims"....victims of THEMSELVES, and yet, what do THEY get???? reductions in their principal...and "sweetheart" deals with their mortgages........not that I am "demanding" to get something for "doing what is right"....but, where I sit, after going through what I have been through, which could have EASILY resulted in a "foreclosure", all I get is the bill for other people's mess......
quote:
Now you are so correct about people who dont plan properly but who thinks they will lose their job?
Planning properly ALSO includes putting in a contingency plan for WHEN that job might suddenly end. FAR too many people ASSUME that the "cash flow" from that job will NEVER end...and, regardless of the multitudes of people out there who BEG PEOPLE to PLEASE "Save for a rainy day!!!!!", they do not.....
quote:
Have you ever been to St. jude? There are thousands of families who cant afford cost of living or their house anymore due to their child is dying of some sort of cancer and they want to spend every last minute they can with them.
Again...i was just communicating MY EXPERIENCE, which was being WITHOUT an income, and still managing the mortage.
NO...we haven't had a critically/chronically ill child....but, we are dear friends with a family with 4 kids, one of them was diagnosed with Stage 4 neuroblastoma a few years ago.....they were flying ALL OVER the place to see doctors and get treatments and whatever....and, they are, financially, doing just fine.....the house is the least of their worries....He was even the feature of an article in the Dallas Morning News on Father's Day....because of his, and his family's, resilience to all they have dealt with...
http://www.dallasnews.com/sharedcontent/dws/bus/columnists/chall/stories/DN-Hall_15bus.ART0.State.Edition1.4da12c1.html
quote:
You are very blessed this hasnt happened to you so give people a break.
OH c'mon....no the ill child thing hasn't....but, we weren't TALKING ABOUT THAT....we were talking about LONG PERIODS of UNEMPLOYMENT....and that HAS happened to me.....TWICE!!!!! (and, yet, we have NEVER been close to losing our home)....
WHY? We bought a home that we could EASILY afford (was not a strain on the budget whatsover)......and, one that would allow for proper planning for those MANY MONTHS when there was NO MONEY/INCOME coming in.
quote:
"Ye without sin cast the first stone"
I wasn't "judging" anyone....UGH!....I am SO SORRY I brought up an EXAMPLE of how someone CAN go through MANY MANY months of NO INCOME, and yet, NOT HAVE a FORECLOSURE sign out in their front yard!!!!!!!!
Go ahead....keep on doing things your way.....my "experience" doesn't matter....and, if a foreclosure comes your way (due to the lack of a job for just a few months), you can't say I didn't warn you.
and, yet, when the foreclosure guy DOES COME, people blame EVERYONE but themselves....
< Message edited by kernsfamily -- 10/10/2008 12:52:09 PM >
_____________________________
Proud dad of 3 great girls....Erin, Emilie and Elise
Blessed to have all of them in a "totally awesome" public elementary school!
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RE: Mortgage renegotiation - so angry! - 10/10/2008 12:43:22 PM
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GregandJenny
Posts: 616
Joined: 2/16/2006
From: Near Seattle Washington
Status: offline
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quote:
The government is bailing them out
The TAXPAYERS.
On another note I don't think people want to be rewarded who do right. I think they feel like they get punished for doing right.
No one in America should get their principal on their home reduced. I am all for negotiating the interest rate as long as the bank wants to go along with it.
When homes became an investment then the risk of the investment loosing money is just like any other. Sometimes the investment looses money sometimes it makes money.
G
_____________________________
It does not have to be well with my circumstance to be well with my soul!
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RE: Mortgage renegotiation - so angry! - 10/10/2008 12:43:36 PM
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kernsfamily
Posts: 1360
Joined: 4/26/2006
From: Dallas (originally Detroit)
Status: offline
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quote:
The point is we cant control it so instead we need to just call it a loss and send them our prayers.
Can't control what? Losing a job? No you can't control that....but, you can certainly control (to a point), what happens to your finances IF and WHEN that does happen to you.....(and controlling that situation begins LONG BEFORE you get into that situation)...
So, what am I to do as a "christian".......not give my self "proper planning".....say "I can't control what happens"....and, when that "pink slip comes", and I am totally unprepared for it.......just "call it a loss"?
is that really good stewardship for what God has given us?
_____________________________
Proud dad of 3 great girls....Erin, Emilie and Elise
Blessed to have all of them in a "totally awesome" public elementary school!
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RE: Mortgage renegotiation - so angry! - 10/10/2008 12:56:37 PM
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reach
Posts: 1339
Joined: 4/12/2005
Status: offline
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I agree. My husband and I had a big tax return and we planned on going to Europe for a much wanted vacation. But I got laid off from my job, and did not have a regular job. So we cancelled our plans and we are taking a short 3 day trip and saving our money just in case. When things look more secure for us, we will spend the money. But we always want to keep a few thousand in the bank, just in case. The same day I was laid off, my husband lost 1.00 off his pay and we are no longer getting a bonus every month. It hurts, we don't get to spend on us, but we have money in the bank. Just in case this were to happen. God has provided, and we have not been needing to use our savings, but that does not mean we won't need it in the future.
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