15 years ago I was working full time and my wife was working full time. We were doing fine, and then we got pregnant with our first boy. Since she was a high-risk pregnancy she needed a lot of time off for hospital visits. Midway through, the housing market bubble burst, and stock prices dropped.
My wife’s company was using the dividends from stocks they owned to pay for a new building they purchased. They started laying people off. They eventually found a replacement for my wife and laid her off too, right in the middle of her pregnancy.
At this point we were paying for a mortgage and trying to provide for a family of three, with one on the way, from one part-time wage and SSD payment for my wife. It was barely enough to keep on budget. I was eventually able to get full-time work at the hospital, and things got better for a while, while my wife recovered from her second hip replacement (2005).
We got pregnant again, and after the birth of our third child, my wife had to have a third hip replacement, and I began to miss a lot of work because of family sickness. My wife was sick my middle son and daughter were sick, and I didn’t handle things very well at the time.
I eventually I lost my job. My unemployment and her SSD weren’t enough to keep up with our mortgage. We eventually chose to refinance to avoid foreclosure.
That’s when things got really bad. We became victims of the kind of predatory lending that became very rampant years ago. Our mortgage kept going up and up, and we ended up in foreclosure again. It took me years to establish stable income, due to continued family sickness, and a few bad choices on our part. By this time our credit had taken so many hits it was low, and it would only get lower.
Fast forward, we got out from under the predatory loan with help from HEMAP, and a refinance with a new mortgage company, but then the school I was working for shutdown (2012). They laid everybody off, and I was out of a job for a year.
Bills began to pile up again, and we ended up in foreclosure again. This time after making a repayment agreement with our mortgage company, and paying on that agreement for five months straight, they sold our mortgage to another company, and before we knew it, they were sending statements in July 2015 saying we were $5,000 behind.
This was the same year my wife was sick in the beginning of the year, our water heater broke down, our bathroom sprung a leak (into the living room), our furnace shut down (in the middle of winter), I got sick and missed a three months of work, and to top it all off we had a fire, and had to stay in a hotel for three and a half months.
Since then, I’ve had steady work for the past 3 years, and my wife and children were rarely sick enough for hospital stays, BUT my income to too low to overcome the burden of debt…
So we lost our house, and had to move out.
The good news is, I now have a solid plan for creating a more reliable (profitable and scale-able) income to better leverage my time, energy, and resources to climb us out of this hole. Any amount you can give to help us carry out my plan will be greatly appreciated.
You supply the rope, and we’ll put in the effort to climb out of this hole. Then we can use our resources to extend a rope to other people in need, so they can climb out of their holes.
I’M HOPING TO…