As I sat in the beauty shop the other night (I don't seem to have enough time to get it cut while the sun shines) my hair dresser was commenting on her condo and the trials she has been through with the economy the way it is and trying to make her payments on time.
Her condo is an apartment community conversion. Nothing really special...except to her. As she began to tell me how hard it has been for the last 18 months to keep making her mortgage payments and how she had been working with her lender to work out some payment arrangements when the unthinkable happened. A foreclosure notice was posted on her door.
As the story went, it was a 3-day holiday weekend and she had to wait 3 full days to call the lender and get the whole process stopped. The tears welled up in her eyes and her voice had a little catch in it as she told me how much her home meant to her. That she loved her home and it wasn't just four walls. It was her everything. Her security. Her comfort.
I asked what her equity position was. I loved her reply. "The unit beside me sold for 1/2 of what I owe on mine. But I'd never willingly give it up even though I owe twice what it is worth."
I almost teared up when I heard that. My passion is finding "homes" for people just like her. She made my day!
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