When you take out a thirty year mortgage on a home it's a safe bet that you'll face MANY unexpected ups and downs in your life. If banks received bailouts from the government you'd think ( obviously incorrectly ) the banks would have in place ways to assist homeowners. It's the sheer heartlessness and greed that is frightening. I can only hope the people in this documentary are in better financial shape now.
@rats arsed You have the right name. You buy something with the intention of paying. Things change and things go wrong. What Heather said was correct. You will be discarded like yesterday's newspaper to make way for someone else that has money. Greed prevails. Your turn will come and I feel sorry for you.
@rats arsed It is not a question of "evil people" obtaining goods (by deception ??). You buy the goods in good faith with every intention of paying for them. The "goods" have to be fit for purpose and that is a legal requirement. If they are not then the buyer is within their rights to return the goods for a full refund or replacement. In this case then the buyer can hand back the goods but that should not be at any extra cost to the buyer. It can argued also that in this instance people have entered into agreements involving large sums of money based on promises that have not been kept, assurances that amount to nothing and it can be argued that this amounts to fraud and certainly deception.
@@dashcam26 Uh oh! I think you just pissed off the CEO of one of these piece of shit and money hungry corporations who made a mistake, were bailed out, and then they turn around to screw these poor people just to keep up their 6 figure life style! I bet some of these thieves were given quite a large blood money bonus at the end of the year! Smdh!
Nobody really knows what anybody else is feeling, but when my marriage broke down the only thing that stopped me from throwing myself off the balcony was; It wasn't high enough. Its a terrible situation for anyone to be in.
@@basspig I owned a home and I lost it because I couldn't afford the property taxes. My husband got VERY SICK and was out of work, missed 1 year, turned into 2 years ended up owning 10 grand. I didn't lose to county I sold home but I got RIPPED OFF with sale. I KNOW I CREATED MY ISSUE by not paying taxes but it sucks when people see you in a difficult situation and take advantage.
@@TMS-pj7fp Property taxes are the most evil tax. It's a tax on being alive, basically. In the past 11 years, I've gotten $70K in arears on taxes and it's only my threat to use the 2nd Amendment and the fact the local police are not the the type to escalate matters, that I am still here. I made it clear that the town will be destroyed if they take my home, a la Marvin Heeymeyer. The fact that my property is not a desirable one also kills the resale value and the taxes owed are probably more than a developer would pay for a swampy piece of land that is now a protected wetland.
I am astounded at the argumentative and judgmental direction these comments have taken, bickering over whether its the man's fault for leaving or the woman's fault for delusionally trying to hang on to her home. A house is not just a house. We all know of the psychological importance of having a stable 'home.' The point here is that all of these people TRIED to work with the banks, to come up with a payment system that was within their means. These people were not deadbeats trying to skip out on their responsibilities. A little compassion mightn't go amiss.
I'm SO GLAD YOU SAID THAT. I myself lost my home in 2009 and my husband and I worked hard to buy it, paid on time for YEARS and when economy fell in US we lost it, husband got sick around same time. I know it was my fault for not paying, but you dont want to hear I told you so. I was lucky to not have children, I CANNOT IMAGINE having children and losing your home. THANK YOU FOR SPEAKING WITH COMPASSION, UNDERSTANDING, AND SENSITIVITY.
I agree with you 💯!! Been on my own with 4 kids. I was black and blue, battered. I had no choice...Don't look down on anyone, it's wrong on every level..
You’re thinking of it from a emotional standpoint. It’s business, what’s right is right not what pulls on your heartstrings, making the right sacrifices to fit your circumstances not your emotions, being responsible and wise, and it’s about logic. Emotions has never kept the bills paid.. A man who doesn’t work he doesn’t eat.. That’s like your employer telling you they don’t have the money to pay you for the hours you’ve worked due to an incident that had nothing to do with the employees but because he’s a good boss are you going to allow that to slide and be ok with the fact that you’d worked 40hrs plus overtime for 2 weeks and now you’re hearing that your check isn’t coming this month and charge it to him being a good boss? I’d hope not.. You’re not working there because he’s a good boss you’re working there because you need your money.
Yeah you keep hearing good people saying “I was trying to show the bank I was trying”. Meanwhile the bank has a game plan to take you for the max possible.
Turn off cable TV, turn down the heat, turn up the air conditioning, do not eat out everyday, carry your lunch to work, do not buy clothes, be careful what you spend at the grocery and find a part time job. Clean someones house, baby sit either in your home or their home. Pay the mortgage before anything else. Allow your children to help...this will allow them to have a brighter future. One year on my birthday I worked four jobs. Before school, watching the children, taught school all day, after school care and one hour of tutoring. I was tired but my mortgage got paid.
You have no idea how unaffordable rent is in Ireland. We are in a horrific situation where it's a tax break , negative gearing, for landlords so they prefer vacant properties that require no maintenance. Literally thousands of vacant properties. You can buy but you must have a pre approved mortgage which is nigh on impossible to get. The banks got bailed out but not the taxpayers. Look at the situation in UK. Stagnant wages and casual work contracts do not make you attractive to a bank for a mortgage. Couples split up but it's rare that both parents take on equal care and responsibilities for the family obligations. The banks across the world were helped as we're big conglomerates like GM and FORD but nothing for we the people. Dude where's my country, my society, my civilization and my human rights!
Have a heart it could happen to any of us,it wasn't her fault,yes she sells but where does she go,the house will be in debt she can't free up cash to buy another house,have a damn heart people,
I hoped to know if these women were able to keep their homes. @25:00 I love love love Ciara's chalkboard behind her. @43:00 I'm tearing up over Ciara's sharing the news with her son. As a mother and grandmother i know exactly what it feels like to give this news. I lost my home due to a fraudlent rental/sales agent. At the time my 6 kids were under the ages 13. That feeling of being homeless and losing the place you've invested your love, time and money is exhausting and terrifying. Then when it happens you are stressed out and depression sets in. I also know that God works hard to move us toward the direction He wants us to be. Sometimes it's a HARD ride down that ROUGH road. But, please think of anything happy to keep yourself from ending your life. Kids and our loved ones are more important than material things. P.s. i didn't know where I'd go after the eviction. I lost because I was clueless and couldn't afford a lawyer circa 2009. I didn't ask for any help from the people i know. We slept in a mini van one night for several hours-- my mom help me start figuring out how to get back into a roof over our heads the very next day. I love my mom we stayed in her house about 5 days.. I am sad living in anyone's home- even temporary. I hate starting over it's exhausting but, like i said it's God moving me. If you don't believe that's fine. I can't explain why thing's happened. As per me I'll keep hope in my heart and go through good times and bad times the best i can. My mind has seen and heard alot. Maybe I've even seen too much ugly in the world ...Just know I'm ready for the rough bumps more than i was before- Hey, I'm letting the world know than I am older, wiser and more God seeking now.
It really bothers me that the plan of one son to buy the home from the parents after they borrowed over 200K euro’s to fix the home and pay for “other” debts was even suggested in order to save the family home.
Julia and her husband are on one income and have five children and don't seem to be able to connect the two. If they had 3 kids max and both worked, they wouldn't be in this position. Being a stay-at-home parent is a luxury for families that make 6 figures.
Oh well....should have sold up used the profit for a deposit on a small flat. Would have even bought a one bed flat, given the bedroom to my son and I would have slept in the lounge! She can afford two massive dogs!
The bank owns your home until you pay off the mortgage or sell it. You can't just stop making the payments or decide to pay less than what you have agreed to pay. Sitting and fretting is moronic. Get a cheaper place to live and move or get a second job for more income so you can afford the payment. You can sue your ex later for his portion.
A Clem I would have sold the home as soon as possible and lived in a hotel until I could find an affordable place to live. Theres no point continuing to pay reduced payments if the bank has informed you that they will not accept anything less than full. And usually thats how they operate. Of course thats assuming the home is worth more than the mortgage... otherwise I would have just allowed the bank to seize the home and stopped paying completely. Really, its a no win situation. Either way youll be losing the house. Its sad but theres no other option if your finances can no longer support the full monthly mortgage. Just use this as a learning experience and move forward. Its all we can do.
Denial of the fact that her husband was gone? Stubborn refusal to understand that her life has changed? Fear of destabilizing her son's home? Or it could be that since the divorce wasn't finalized she had no power to sell until it was determined who got the home or if it was divided 50/50
The midwife had her meeting done sooner,the day before,what’s going on with the courts,and the banks ,seems dodgy to me ,poor women 25 years hard slog helping others,and this crap happens to her,your partner must be a deadbeat leaving yous in this situation,so sad for everyone involved,greedy banks,your son should be proud of you,all the years you’re looked after him,the housework,going to work full time etc,you deserve a medal 🏅,good luck to all of yous
The sad truth is that, if you cannot afford the mortgage, you can't afford to live there. You have to sell or lose it. We don't teach life skills in school. No budgeting classes. People don't plan, before they have kids. We seem to think that things will just work out--someone will help us, our families, the government... It is sad, but you can't live beyond your means. I understand that men leave relationships; but when that happens, you can't continue to live your lifestyle. What, exactly, are we supposed to do--let people continue to live in places without paying?
This is sad but true. Let the buyer beware. The banks make money from loans and it is a business. They sure aren't in the business of caring what personal problems befalls the people who accepted the loan.
LuLu you do know that if someone falls behind on an investment home or second home the courts can FORCE BANKS to modify the mortgage. Under u.s. bankruptcy law. The law was written to protect the interests of the wealthy and rich. This doesn't apply to the main home. How backwards is that?
I agree with most of what you say apart from the bit about life skills, that is the responsibility of the parents, by all means the schools should help but it it is basic 101 good parenting skills to prepare your child for life
Your son is a young man at least he can work survive and u will survive millions people lost homes everywhere n us it was horrible Arizona empty foreclosed homes everywhere all cities states were effected
To the woman with five kids....why have so many kids if you can't afford them? secondly really prices go up??? get over it, it is a fact of life..i do hope the family finds a new home
When your income changes so does your standard of living. She needs to sell the house and move into a place she can afford and a lifestyle as well. Most BUT NOT ALL...are in this position because they live beyond their means, they don’t plan for the future and they continue to be selfish and irresponsible. And most of all they put the blame on others.
Rook T their houses were no longer worth as much as their mortgage. Due to the housing market crashing. So they would have still owed money to the bank even after selling.
In the UK Housing associations will buy your house from you and rent it back to you and I know it's shit going from home owner to tenant it's got to be better than losing everything I am not sure if this is the same in Ireland or elsewhere.
What? did I understand it right in Mary's case, she inherited a house from her parents, then took out a 200k plus mortgage to pay off debts? what her parent's debts? I am imagining that the house was mortgage free when she inherited it, so why did she need 200k mortgage? I am confused, how can you get a house for free then get yourself into 200k plus debt and now be facing eviction?
Sounds like she consolidated her debts into a HELOC. Those various debts were likely credit cards, car loans, health care, medicine etc that carry 10% to 25% interest rates. Makes sense to consolidate those debts into a HELOC at a single lower interest rate. Easy to rack up credit card debts especially during a major recession which Ireland went through.
Or get another job & had the teen son help out. I agree with Malica its why I don't want to marry or have kids. It's lonely but what if the husband leaves ( he might) . Then your screwed.
Here in NZ, in 1996, I never even got taken to Court. I simply got a Notice to Remedy on the house, (that wasn't finished to spec, just thought I'd throw that in - unable to rent it out...), and I was $11000 in arrears. Possibly because of the 11.95% interest rate that suddenly clicked in. They knew my business situation, and the house was sold while I was living in it, for a ridiculous amount. About 10% of the purchase price. 3 days later. They sent a debt collector after me, and we had a free and frank exchange of views. I did suggest starting a class-action against the mortgage holder, and got hundreds of responses. The financiers wriggled back down into their holes. I do know the law, (I've worked in it as a pro-bono advocate), and I've NEVER heard anything else since about that so=called default. Ever. My credit rating is immaculate. So challenge the bastards.
Banks aren’t some evil entity sneaking around waiting to steal away people’s property. When you take out a loan for the home, the bank buys it on your behalf, trusting you to make the agreed-upon payments. It’s not YOUR home. Until you’ve paid off that loan, it still belongs to them. They are, in essence, the landlord. No landlord is going to let you live in their house if you can’t pay the full amount due every month, regardless of your circumstances. Some simple math should have told the newly-divorced women that they wouldn’t be paying that mortgage on their own, and they should have put it on the market right away. Stop blaming the banks people! This is what you agreed to and now you can’t hold up your end of the bargain. It may not be through any fault of your own, but it’s the reality. Stop clutching your pearls, step off the self pity train and be a grownup. We all have to face things we wish we didn’t, but you just have to move on. Next time, do some better financial planning. Your life isn’t anyone else’s responsibility.
And that's the simple reality of all these woeful tales. And these tales will all end the same way. You cannot pay. So no. You can't have it. Fight all you like. You broke the agreement you made. The banks DID give you time to sort this out, as repossession is always the last resort. It's sad...but it's true. I suspect that second charges were taken out on the original mortgages to make the repayments impossible to meet, the programme didn't mention this, but that may be closer to the truth here.
The banks are so cold when the buyers fall behind. I don’t know why the bank couldn’t rewrite the loan and put the arrears to the back of the loan. Instead they evict and let the house set empty where people bust in and destroy it and strip all the copper out of it.
We have had similar situations in Australia where the government guaranteed banks that previously were not guaranteed. In such situations shareholders benefitted and as such the normal rules of shareholder profits come first should be discounted. They have benefitted from taxpayer funds so some sympathy to mortgagors should be shown where warranted,
People often say that they own their house, until the mortgage is paid, the Building Society or Bank own it. It is a form of rent really having to pay the same amount every month with conditions until it's paid. A big responsibility and while everything in your personal life ticks over all is well, but as we know life changes and couples split up. It's very sad. Xx
We should be ashamed as Irish people for keep voting in the same fools all the time people need to start waking up like more and more families are been left without home's
Why not sell the house (in the first story). If you can't afford it on your own, it's usually not a surprise. Did she take the house as her own in the divorce? If so, then she would have known if she could afford it or not. Remember, we are never told the entire story. Don't wait, take action immediately. In a divorce, make sure the ex spouse is responsible for their fair share. If you can't afford a home on one salary, you can't afford to own a home. In the first story a nurse in Ireland makes about 44,000 euros a year. If she has been doing this for 25 years, she should be at the top of the pay scale. The question is, what have these people really been doing?
I would say that is why it took 5 years for the divorce he wanted nothing to do with the house. How is it any of his responsibility to keep her housed? There are no small children in the home the children are grown.
There is an element of laziness in those who could go and find work but choose to stay at home and spawn more children, exacerbating their debt. They need to get off their lazy butts and get a job, I have no sympathy for the lazy and plenty of sympathy for those who try to help their situation but are struggling. It is irresponsible to have more children than you can afford to support!
When separation happens, its best to sale the house and downsize to something smaller and cheaper. Its what I did, when my ex and I separated, we both moved out, sold the house paid off the mortgage and split the leftover money and went our own way. I searched for foreclosures and found one under $20,000. Bought it, and fixed 1 room at a time.
@Angela Barry Exactly. Smart lady. I kept wondering why these ladies held on to their houses after their husbands left; especially since they were not in a position to easily carry the mortgage payments by themselves. The stay-at-home Moms in particular. Who does that in the 21st century?? It's not 1950 and most economies now require 2-income households just for a couple to make ends meet.
Who does that in the 21st Century? A woman's husband dies,or leaves...Lady is not young she is late 60s...Very Hard to walk out & begin again. Banks do not give a shit.
It worked. I mean I bought a house with no loan or mortgage. Worked my ass off fixing it room by room but I've never had to worry about someone knocking on my door throwing me and my children out on the streets. It's been 7yrs, the house I bought for 20k is now worth 95k, when I sell it I will get my money back plus some. Or will keep it so my children will something to fall back on.
I do feel so sorry for Gillian. She sounds a broken woman. Poor darling. I hope she has sorted her life out. Maybe, with her children she might get rehoused by the local authority. Why did her husband leave her in such a helpless situation? Poor children. God Bless Gillian and give her the strength she needs to overcome this hurdle in her life.
I feel sorry for all of them, or anyone facing the horror of losing their home. To me life has been simpler when I rented a home. I owned two houses in my lifetime and they became a chain around my neck, okay until a new roof was needed, a new hot water heater needed, plumbing was working, etc., an endless worry about repairs that were always big expense items. When renting all I'm responsible for is the rent, if something breaks down the landlord gets called to fix it. Your home is your security, even if it is only one room you're pay for, that is your room. To be placed in a situation where you can be tossed out on the street has to be one of the most humiliating and stressful situations anyone can be forced into. It shouldn't be this way.
The takeaway I got from this is that Ireland needs better child support and alimony laws. Hopefully that has changed. Also, it is pointless to make partial payments. The bank is not operating off of emotions nor do they care that you are trying. It is best to save that money for an apartment.
I don’t understand what they want me to feel with this documentary. It definitely sucks to lose your home. That happened to us when I was a kid. But, if you can’t afford to live there anymore, is the bank supposed to just give you a pass? They agreed to the terms of their mortgage. Now their circumstances have changed and the money is no longer there. They need to move on. The one family probably should have secured a stable home BEFORE bringing 5 children into the world. That’s not the fault of any bank.
The mortgages are probably more than the homes can be sold for - it’s a shame there is no equity there. At least it would mean a new start even if it’s a rental. .
Well not exactly the bank didn't,t want to redo the mortgage I expect like ree amoratize to30 years and lower the payments they do not help theyare brutal corps now no handshakes
I guess I am confused. My sister lost her house and I lost my house and our first priority was finding a place to live that we could afford. That was in the States so I am not sure of the tenant's rights in Ireland but basically, the banks have the right to take the home in the U.S. I just decided to get on with life ...it was only bricks and mortar, not an indication of what kind of person I was. These people have no choice but to accept what cannot be changed and go on with their lives.It can be done.
It's their welfare programs. They are used to there being a program to help them out. We (Americans) are too but we aren't as willing to wait around and see.
Europe is not the US or Canada were there is massive lands to build homes and expand. The space in Europe is very limited. If you a house u bought 15-20 years ago, most probably you will never be able to buy another house. Also, renting is not cheap in Europe especially in big cities. You could pay more than $3000 for a box room in London or even more. Comparing very different situations like this just does not make sense at all.
@Handy Sandy ==why don't you be handy and start paying their bills ? you are what's wrong with this country with the mindset of letting other people or the govt. paying other peoples way . but you will never get it .
In the end we are all just an account number to these banks. Although they call you by first name and they know your kids and your dogs, when push comes to shove they will retreat behind their desks and become heavy-handed. I don't understand the banks rushing to repossess all these properties in order to recoup their mortgage losses. WHO is going to buy these homes? Everyone is in the same boat financially. It would be far wiser for the banks to work with people, to restructure their mortgages, to give them longer terms, and accept the amount of payment that a family CAN make each month. At least it is something coming in to the banks; what good is an empty, boarded-up house that nobody can afford to buy? If property wasn't so over-inflated to begin with, if it sold for reasonable prices, families wouldn't end up in this situation.
exactly, they could at least have a family in the home adding to the property and still get money for it, if they reposs they have to leave it open for repairs, and permits to do repairs and inspection to be sure its up to building standards and then put it to the market, the repairs and permits take up to 3 months for some and then inspections cost the bank and when ready for resale, who is going to buy it with the economy so week, keep the people in their homes and at least let them rent it as to own and if they know the ending of the goal they will pay and not keep money tucked in the sock drawer for repairs like most home owners do, and then we would have less homelessness
This same thing happened across the United States in 2008 . The bottom fell out of the stock market because of subprime loans. The lenders were loaning money for people who didn't earn much money and had bad credit to buy homes that they couldn't afford. These people should have realized that they couldn't afford these homes. A lot of other people had multiple credit cards and were using one credit card to pay another credit card bill. One bank bought other banks and their credit card business. My friend had to go back to work doing 2 part time menial , physical jobs to pay back on wopping credit card bill when 4 credit cards when now owned by the same bank and company and her credit was cancelled. It was difficult for me 10 years earlier when I had to charge my medications co pays and hospital bills for my severe asthma and then I had to change jobs where I wasn't making as much. Thousands upon thousands of people were evicted from their homes and their homes homes were repossessed . They couldn't file bankruptcy either because of the American laws. The smart ones sold their homes and gave their money back to the bank . They then rented an apartment. That is reality. We pay a lot for both medical insurance, medication co pays, surgical bills and hospital bills in the U.S. It is also almost impossible to get long term disability and it pays almost nothing. How could anyone not know what their monthly payment is? I think that these people expect everything to work out for them because they have socialized everything over there in Europe and almost everything is taken care care of. In the U.S. we are realistic because we don't have socialized anything. If you can't pay , you expect to get evicted whether it is a house or an apartment. If you don't pay for your car, it will get repossessed. If you don't pay your phone bill, your service is cancelled, if you don't pay your electric and heating bill, it will be turned off unless it is below freezing - then they will wait. If you don't pay your cable bill or for your internet, it will be turned off. You have to pay your medical bills and copays . If you don't pay your co-pays for your medications, you won't get them. Itt doesn't matter if it was your home and grew up there, etc. If you can't pay- you need to leave and find an affordable apartment. The banking crisis happened because people signed for loans they couldn't afford. I had to move in with my sister and her family when I lost my job because a hospital I worked at became bankrupt in 1995. I ultimately had to take another nursing job which paid less and paid off my debts and for health insurance with my savings TSA I was saving for my retirement - and I paid a penalty. You have to make a budget and live within your means - and not expect help from anyone.
absolutely love and agree with your analyzation of this matter, any possibility to do for homeowners what was done for the banks - I believe this is the result of the fraudulent business practices of white-collar corporate AMERICA
This comment is not aimed at any of these people, just a few suggestions on how to save money, don't buy a house or rent one you can't afford, don't go out and buy things to decorate it, do your own haircuts, mani/pedis, eat beans and rice and when you get sick of that rice and beans, stop having babies and don't get a pet. When you take a shower reuse your towels, you are clean after your shower and so are the towels, you save on laundry. There are so many ways to cut corners. And when you get paid, put a little in savings, even if it's 5 bucks. Get in the mindset of living frugal. I don't need to treat myself to eating out or even going to a thrift shop. Young people, if you start early by saving early, you won't regret it. I have two kids, neither one of them had a nursery, the four of us lived in a 2 bedroom apartment, our baby girl slept in a $5.00 garage sale crib in our room with mismatched everything, I remember her 1 St carseat without the handles, the kind you have to have to bring them home in from the hospital, they don't have handles. We never complained, we were happy and I guess didn't think about a carseat that had handles, I'm not trying to come off as being a martyr, I just hope that this might help someone, somehow. I hate to see people struggle. I love you all.
6 років тому+10
Don't have an EXPENSIVE hobby like owning pets!!!!!
often it starts with the loss of a job, a divorce, or the death of a spouse ... things like that will turn anyone's life upside down... families might have been getting by ok, but when major things happen like that, they are left struggling. It could hap[pen to any one of us, no on is immune.
@ pets are only expensive if you make it expensive. People should be saving money every month, not spending it all on luxurys and expensive crap they don't need.
You might need to get a full time job and before my kids would be homeless I would as a wife get a job also even if my husband is working.. It takes nowadays both parents to work, thats a shame but it has been that way for a long time. Everything is so expensive now.
The Insurance companies have done this to people, I worked at Sobeys and could not believe the amount of food I had to toss out and record it as waste, Some of my Co worker left work crying after begging for the food they were putting in the garbage. This woman told another employee that her husband could have used some of them nice dinners , her hours were cut to seventeen hours per week, her husband would soon be going on to Employment Insurance as he gets laid off just as Christmas is coming. These Grocery store Delis throwing out food could easily feed many many people , thank God people like Bon Jovi for sharing so much of his wealth with people from all walks of like. Blessings
It's a shame: these banks screw up and the civilians have to bear the brunt of it! They're not the ones who made the mistake, and they shouldn't have to be the ones to pay for it. And these husbands can always walk out and leave the wife with the burden.😠
This housing crisis . . . is effecting families, individuals,' . internationally. All are effected, in this seemingly expensive world we'all don"t necessarily thrive in. We are all. a few paychecks away from being/becoming himeless ! i should know, I've evolved . . . rebirthed from that state . . . which had compromised five years of my life . . . in our nation's capitol, Washington, D.C. I thank such facilitiea as The Center for Creative Non-Violence for shelter, D.C. Central Kitchen for training, and the Veterans Administration for a housing subsidy (HUDD/VASH Voucher) to bring some 'spring' to my step of life . . . once again !
They all say that they came to a verbal agreement OVER THE PHONE for reduced payments. What they should have done is say... I need to get this in writing, either a letter or e-mail. No contract on paper can be altered with a verbal agreement.
When my ex-husband and I divorced 20 years ago we sold the home we had and we both bought her own houses I bought a much cheaper price house than I had when I was married luckily I was able to pay that house off in 14 years luckily I had no minor children living at home.
i BOUGHT MY HOUSE ALONE AND ALEWAYS AHAD A BACKUP PLAN WHEN DEALING WITH MONEY. sTOP SPENDING MONEY ON THINGS THAT DEVALUE OVER TIME LIKE i PHONES AND CLOTHES. AND ALWAYS HAVE AN EMERGENCY FUND. i AND KEEP UP THE VCREDIT SCORE. pAY YOUR BILLS ON TIME @@Michelle-qd9gm
I really hate these banks that refuse to work with homeowners that are making good faith Payments and working as hard as they can to keep their homes !? Don't these banks realize that by reducing the mortgage payments and just attaching it onto the end of the mortgage loan to make it extend the loan for a period of years to pay off the house is far better than removing these ppl and having a house stand empty for years making absolutely no money whatsoever on them because no one can afford to buy or rent them . The house falls into disrepair and gets vandalized and after several years the house then is just useless, has to be torn down and they can either rebuild or sell just the land at a discounted price. They are to stupid to not realize they are hurting themselves. I just don't get it . I could understand if they weren't making any payment . Just sickens me to no end . And to the jerk off husbands that commit to these woman and these home and just walk away and leave the family without any help whatsoever whether it be child support payments or continuing to help pay the mortgage with the ex so his children can have a roof over their heads and a decent life , you should know karma is a very real thing and it'll catch up to you eventually. I don't like to wish ill or evil on anyone but I pray they aren't living the lives they thought they'd have by abandoning them . 😡😤😡😤😡
The banks can't afford to reduce the mortgage payments and stretch them out longer because they have to pay their bank president and CEO $1M salaries. THAT is the real problem with banks - their over-inflated executive salaries and bonuses and payouts.
@@2ndhandSue you sound salty. It’s. It the ceos fault she can’t afford her house. She doesn’t deserve special treatment. She needs to sell it and should have when she and husband separated. It’s no one’s fault but her own
Most people get in these situations because they don't think ahead. If you can't afford the property on your own salary, don't get a mortgage. If marriage breaks up, sell or give property back to bank and get a small, cheap apartment you can afford. Why sit there and let things get worse and worse? The bank doesn't owe you anything, you owe them, and they don't give a shit about your personal problems.
sell the house yourself before the banks get the chance to do it, or if you are left with the house take in a lodger use the rent money to keep your mortgage afloat
I don't mean to sound rude, but I just don't understand why people have multiple kids, especially when they are already struggling. Taking care of a whole other person is expensive!
If the economy is bad who does the bank is going to pay. Some of these people are paying at least something. Now it will stay empty. Doesn't make sense. People will start squatting, ruining it, breaking in.
I think there is an element of people getting into unnecessary debt. We don't save anymore. We just buy on credit. In the case of student loans people should be thinking about state schools and forget the $50,000 loan debt. But I don't understand the lady at 26:05. Her parents gave her the house and she still had to take out a loan for $260k??
Exactly. This is her fault! It’s all their fault. It’s not the banks fault. They can cry but the fact is, they have to pay l8ke everyone else. It’s not the bank’s fault they aren’t paying. You have to pay your debt. Period. Where they are in life is all a result of choices they have made. Crying about what you have done is your own fault. Banks gave them the money and that was great, now they don’t like the bank for wanting their money, they signed a contract to pay, back! The audacity of these people.
What struck me as sad in this story was the fact that it was women who were dealing with all the issues. Where are all these deadbeat men? Why aren't they liable and made to shoulder their share of the responsibility? Once again it is women doing all the heavy lifting, these deadbeat men should be horse whipped. Shame on them.
They didn't necessarily say all the men weren't supporting their kids, but I don't think they have as an intense "men need to care for their children" program as we do in the U.S.which sucks, most men just plain won't work but now it doesn't matter, once you have a kid, you will always owe for them so you may as well pay now, it will cost less.. The women .it seems to me they think they should stay home and be provided for in a way that says they are married but they are not, so they don't get that kind of money. The woman need to get as many jobs as required to live, because that's what a person does. I'm sorry but if you plan to own a place you have to make the payments. However the banks had a helping hand by the tax payers and that should account towards their payments and that would be fair, not toss them out on the street,
This is terrible but for those who are struggling at the moment watch Dave ramsey,say not to materialism,say no to your children,forget toys for xmas and economise. Involve the children. They are not as fragile as we think
Dave Ramsey lives in a world where he doesn’t have answers for lower income or people living paycheck to paycheck. 🤷🏻♀️ we don’t eat out, we pay our bills double the minimum. And we are chipping away at our debt.
Banks are absolutely evil all around the world. A clean, safe, comfortable and affordable home is a human right. Such a sad situation for all these families.
She's right it's extremely difficult to find places that will let you have your animals even if you are responsible homeowner especially here in the United States if you have a pitbull that's damn near impossible I have a small Chihuahua and it was hard to find a place to accept him and he is smaller than a cat
As I watch these posts one thing comes to mind. The world as a whole is about wealth and wealth only. This is particularly true of western nations. Parents should teach their children about the importance of saving and investing and being financially secure. Any person, place, or thing standing in your way of this goal, should be avoided. As someone born into poverty who now lives debt free, doing this is no easy task. Most people involve too many other people in their lives. These people tend to be anchors weighing them down. Man being a social animal, they tend to not want to break these bonds. I know because I did it. No one has to end up like these people but in order not to you had better be serious about your goal. The world doesn't like the poor and those without.
Linzie Rogers I agree 👍🏼 Everyones main focus should be on stashing away savings, having an emergency fund, working on a budget, and finally using said savings to invest and grow your wealth. Once you have this system in place and understand how to use compounding interest to your benefit, then you or anyone can spend responsibly and live your life without fear of being homeless or drowning in debt. I myself have been going thru the same thing and yes it has been incredibly difficult not going on vacations or travelling abroad. But I really want to grow my assets and have a system of enhancing my wealth so that I can be financially independent. If that means no traveling, wearing worn out shoes, buying tacky clothes on sale, not buying a new phone or laptop, and so forth ill do it. I wanna live my life stress free without worrying about if ill have enough money for the future. After a few years of doing this, Ive accumulated a decent amount of savings. In addition, I've purchased a few hundred shares of stocks that I now own for myself, and Ive been buying treasury notes with the extra money I have that Im not yet ready to use. Im amazed and relieved at what I have accomplished but yes it was difficult to do and took a lot of dedication and planning. Was it all worth it? Yes .... yes it was. 🙂 Good luck to the rest of you and never falter in your efforts to better yourself financially or otherwise.
I understand that these woman would like to stay in their current house as they raised there children there and have memories. But if you know that you cannot longer afford they mortage on your own after your divorce..why not sell the the house straight away and share the profit with your ex and move on. Live in a rental house until your ready to buy a small house for yourself and children again. Sometimes you have to do things that you don't like. But there is nothing worse living in a house knowing that you can't pay your mortgage and the rest of the bills. And knowing that your house can be repossessed at any time!! What an awful feeling. They really brought it on their own by not selling the property straight away!! Or at least put it on the market. No..they decided to stay. Could have easily been avoided!! The banks are not your friend. They want your house and your money!!
If only was that cheap to live in a rental then buy . Not now . I make 700-800e a week the taxes over 200e a week so you are lucky to be on 560-590 a week . Rents can be as high as 400-500 then basic esb / heat in winter and bins a prepay phone , €50 food and broke ! I’m going fully deaf and worm full time and this is how bad it is ! It be dread find a place to rent for 1k . No chance
It's really no different anywhere in large cities. If you want to own a home you really need to be a working couple. It's almost impossible for a single person or single parent to buy and maintain a home if they are not white collar professionals. I think as a society we have become "spoiled" in the Western world. We believe that everyone should own a house and that buying and maintaining that house should be the top priority. I am 65 years old and when I die, I will never have owned a home. I have rented all my adult life since I left my parents' home. I have seen many of my friends lose their homes because one of the wage-earners became ill or injured and couldn't work ever again or not until after a long period of convalescence. I personally think that we need to rethink the way we look at housing. I think the single family home is going to go the way of the albatross - it simply isn't sustainable for people on the lower end of the financial ladder any more. We need to start looking at how people live in other parts of the world, to look at multi-family housing, with two couples and their children sharing a home, or co-op housing where a group of people contribute to the mortgage and maintenance. In places like India and China, it's not unusual at all for three generations to live under one roof. It's not something we're used to in North America, but we might have to start taking a more serious look at things like that. I cannot understand that one woman who cried through the entire video because she was so exhausted and she had cancer and whatever else - and all she could do was stress about losing that house. Fuck it !!! If it's ruining your life to that extent, let it go. Move into something smaller, something more affordable and not have that nightmare every day of your life. So what if all your kids grew up there and all your memories are there - make new memories in a new place. It's just a house. Nobody should be that "ruled" by an inanimate object that it becomes an obsession day and night. Nobody needs that stress.
That’s why have be smart - income protection if fall ill and then illness benefit to have better income . It worth investing into the future and live simply but even that , nowadays it’s impossible for single person to own their own home in cash . The rents are so high so hard to save for a mortgage
This all shouldn’t be talked about the way it is like we have to accept what others have determined for us. Corporations and t government are constantly giving problems and it cost us severely yet I hear so many people say we ( the everyday Americans) need to find a solution to problems we didn’t create. We need to stand up and speak out about the wrong doing of what all is going on. Someone from another country recently stated that Americans have been beaten into submission and I am starting to really pay attention and the person was correct!
Why are the husbands allowed to leave and not pay? Where is spousal support and child support? Is this not enforced in Ireland? Most of the time in America the house is sold during the divorce and the profit is split unless an agreement is made for one partner to stay in the house.
It also happens in the UK, but often what happens is the woman wants to stay in the marital home with the kids, so he signs the house over to her as part of the divorce settlement and then some of them still expect him to pay for the bills and upkeep of the house he is no longer living in, and if when sold he will not receive any money. I too found it extremely odd that both the women were divorced yet giving the impressing the husbands had left them with nothing. Oh and just to add 18 is a man, he should be out getting a part time or full time job to help his mum out.
This doco brought back some very bad memories. I was evicted over 30 years ago & this was followed by 28 years of homelessness (Not staying with friends or couch surfing but sleeping rough in trains,airports,sheltes, train stations, parks etc). The sheer stress of the months leading up to the eviction was more stressful than actually having nowhere to go. Although evicted it was a bit of relief that it had been done. I was consumed by misery & once the bank decides to forclose then there is nothing that can be done. If the outstanding balance is lower than the property value they will sell it for anything just as long as they get their money back. Banks are heatless while making their billions of profit. A house is a home & it's your history & memories & landmark events that are missed the most. They simply are cruel.
YOU ARE NOT! LYING…THE BANKS WILL GIVE YOUR MONEY 💵 TO PEOPLE WHO YOU OWE! AND ACT LIKE THAT IT IS OKAY TO DO THAT…AND YOU WILL NOT! KNOW IT UNTIL YOU GO CHECK YOUR AMOUNT OF DEPOSIT…YOU KNOW YOU ARE SUPPOSED TO HAVE IN THERE OR YOU GET A WITHDRAWAL AND YOUR BALANCE PRINT OUT…I CANNOT STAND NO BANKS PERIOD…I DEAL WITH CREDIT UNIONS ONLY! NOT NO DAMMMNNN CROOKED ASS BANKS…
I PRAY THAT YOU GOT YOUR LIFE BACK ON TRACK…BECAUSE I CANNOT STAND TO SEE NOBODY!!! GET EVICTED! THAT JUST BREAKS MY SPIRIT DOWN…AND I DON’T KNOW HOW PEOPLE WORK FOR PEOPLE WHO LIKES TO EVICT PEOPLE! THAT IS A JOB I WOULD NOT!!!! WANT! BECAUSE THAT HURTS ME! ESPECIALLY WHEN PEOPLE HAVE LIL KIDS AND LIL BABIES…😢😢😢😢 THAT IS REAL SAD!
A late reply. Yes, i have got my life on track, have a nice brand new apartment with city views & a wonderful cat who is my family. Thank you for your kind words.@@joannecahee2367
@helenkobayashi6900 Yes. Banks are businesses but then why should the taxpayer have to pay for their bad decisions and bankruptcy? Banks should fold like any other business with customers being paid for deficiencies in their accounts; not the administration. Govt working for big business, instead of for the ppl that pay their wages.
Maybe they could have rented out bedrooms. Here in Virginia, USA a room rents for $600 a month. Id rent all mine to pay my mortgage, Id sleep on my couch, or make me a bedroom in the corner of my living room.
Karen Redding I am also in Virginia and the rent is high as hell. I am in Northern Virginia. Most people need roommates. The problem with renting to so many people is usually the quality of people go down and they lack respect for your property and you owe so much to fix damages.
NaYnAJaY0526 NaYnAJaY0526 I live on Vancouver Island, BC Canada. It’s the same here. $600 for rooms in an apartment. $900 for bachelor apt 12-1500.00 for a 1bdr apt & houses are into the thousands. Buying anything is out of reach for regular folks & getting worse. My friend’s 1956 home in a working class neighbourhood increased $90,000.00 in one year. One of our huge issues here is property’s being bought up by foreign investors (primarily Asian) & left vacant. They’ve now implemented a ‘vacant home tax’ to try & slow it down but it has contributed greatly to one’s inability to find reasonable, long term housing here. Just an idea...I’ve moved no less than 18 times in 27 years. I’m an expert at it now. Thanks for listening...lol
This is sad, but what they need to realize is that at the end of the day the banks are running a business....not a non-profit. If you can't pay then these are the consequences.
This is true but if they are a business then how was it the taxpayers responsibilty to bail banks out to the tune of 500 billion quid in 2008 from a financial crisis that the banks themselves caused? The same taxpayers who these banks are now tossing from their homes. Fact is the banks owe the taxpayers money, not the other way around and should be forced to pay back every penny.
Contracts are contracts, and the banks ALWAYS win. I feel sorry for these people who are facing the loss of their homes, but what good does it do to say "this is my home ... this is where my children were raised ... I don't know where to go"? As tough as it is, since you don't have a choice, it's probably better to get it over with and move on with your life, because if you don't, you're not only going to lose your money but your health too.
I hear you! Unfortunately you don't know what's going to happen when you start a family. As hard as it is, the best you can do is leave the past behind, learn from it and make the best of the present and the future - for your children.
Anima Libera I do agree. One can make a home somewhere else. I’ve done it. One has to be realistic, difficult though it may seem at the time. One survives and it becomes a thing in the past.
It’s not ‘her home’ she signed a contract and now that the bank has consequences to her faulting on her end they are the bad guy? Nope. She’s the bad guy. They gave her a bunch of money yet and isn’t paying it back. Who’s the bad guy?
I AM SO SORRY U R GOING THROUGH THAT. I hope by now or very soon u will have a better situation. My family had our home foreclosed in 2009, I CAN TELL YOU IT DOES GET BETTER IF U PUT THE WORK IN. I'm sure you will do everything possible to pull yourself up and you are in my prayers. I hope very soon your situation changes.
You did not let your son down. Your husband let him down.
6 років тому+7
SHE let her son down by divorcing her son's dad. She thought that she was big, bad and bold enough to take care if a house and kids on her own. Thank feminism for poverty. Hahahahahaha
Erm we are only seeing one side of the story. The Courts will force a father to pay for their kids. Why during the divorce proceedings did they not agree to sell the house and look for something more managable ? I know there is the line of thought, not right to move them away from their schools, friends etc. but really is that worse than being homeless? As for the mother refusing to tell her son, what is all that about he is 18 not a child. I hope they all find new homes, but people need to stop borrowing beyond their means or to their limits, without giving a thought to it is a fact of life that bills and food prices go up, and you never know what is around the corner personally, loss of a partner, job, etc.
Crier, do u know her? You cannot make assumptions you are not very nice. My opinion, she has been working for 25 years give her a break. I send her best wishes from the USA 🇺🇸
Banks sold the mortgages to foreign vulture funds. That is the problem. Two incomes bought the home. With divorce it’s one income and perhaps some child support. I hope she didn’t add animals to the home after the divorce. They are very expensive. And hard to get housing with. The real shame is the government making sure the market has a good supply of available homes on the market costing 3x the average annual salary.
ThisIsWhy of course people should pay for housing. I simply mean that there needs to be affordable housing options for all income levels. And yes, everyone should be entitled to a roof over their heads. I can never really figure out the pet situation with lower income households. I get the companionship & such but one trip to the vet could break you & so much harder to find housing. It’s sad all the way around.
When you take out a thirty year mortgage on a home it's a safe bet that you'll face MANY unexpected ups and downs in your life. If banks received bailouts from the government you'd think ( obviously incorrectly ) the banks would have in place ways to assist homeowners. It's the sheer heartlessness and greed that is frightening. I can only hope the people in this documentary are in better financial shape now.
Well said.
@rats arsed You have the right name.
You buy something with the intention of paying. Things change and things go wrong. What Heather said was correct. You will be discarded like yesterday's newspaper to make way for someone else that has money. Greed prevails.
Your turn will come and I feel sorry for you.
@rats arsed It is not a question of "evil people" obtaining goods (by deception ??). You buy the goods in good faith with every intention of paying for them. The "goods" have to be fit for purpose and that is a legal requirement. If they are not then the buyer is within their rights to return the goods for a full refund or replacement. In this case then the buyer can hand back the goods but that should not be at any extra cost to the buyer. It can argued also that in this instance people have entered into agreements involving large sums of money based on promises that have not been kept, assurances that amount to nothing and it can be argued that this amounts to fraud and certainly deception.
@rats arsed Oh dear! You just don't get it do you. Never mind. Subject closed.
@@dashcam26 Uh oh! I think you just pissed off the CEO of one of these piece of shit and money hungry corporations who made a mistake, were bailed out, and then they turn around to screw these poor people just to keep up their 6 figure life style! I bet some of these thieves were given quite a large blood money bonus at the end of the year! Smdh!
Nobody really knows what anybody else is feeling, but when my marriage broke down the only thing that stopped me from throwing myself off the balcony was; It wasn't high enough. Its a terrible situation for anyone to be in.
I'm so glad that you're still here and hope that your situation has got better since.
Never take a mortgage out on a paid off home...
Paid off is never paid off. 54 years after I built my house, property taxes are more than the purchase price 54 years ago.
@@basspig Oh my!!
I paid my mortgage off in 14 years even when you add real estate taxes and upkeep much cheaper than rent
@@basspig I owned a home and I lost it because I couldn't afford the property taxes. My husband got VERY SICK and was out of work, missed 1 year, turned into 2 years ended up owning 10 grand. I didn't lose to county I sold home but I got RIPPED OFF with sale. I KNOW I CREATED MY ISSUE by not paying taxes but it sucks when people see you in a difficult situation and take advantage.
@@TMS-pj7fp Property taxes are the most evil tax. It's a tax on being alive, basically. In the past 11 years, I've gotten $70K in arears on taxes and it's only my threat to use the 2nd Amendment and the fact the local police are not the the type to escalate matters, that I am still here. I made it clear that the town will be destroyed if they take my home, a la Marvin Heeymeyer. The fact that my property is not a desirable one also kills the resale value and the taxes owed are probably more than a developer would pay for a swampy piece of land that is now a protected wetland.
I am astounded at the argumentative and judgmental direction these comments have taken, bickering over whether its the man's fault for leaving or the woman's fault for delusionally trying to hang on to her home. A house is not just a house. We all know of the psychological importance of having a stable 'home.' The point here is that all of these people TRIED to work with the banks, to come up with a payment system that was within their means. These people were not deadbeats trying to skip out on their responsibilities. A little compassion mightn't go amiss.
I'm SO GLAD YOU SAID THAT. I myself lost my home in 2009 and my husband and I worked hard to buy it, paid on time for YEARS and when economy fell in US we lost it, husband got sick around same time. I know it was my fault for not paying, but you dont want to hear I told you so. I was lucky to not have children, I CANNOT IMAGINE having children and losing your home. THANK YOU FOR SPEAKING WITH COMPASSION, UNDERSTANDING, AND SENSITIVITY.
I agree with you 💯!! Been on my own with 4 kids. I was black and blue, battered. I had no choice...Don't look down on anyone, it's wrong on every level..
You’re thinking of it from a emotional standpoint. It’s business, what’s right is right not what pulls on your heartstrings, making the right sacrifices to fit your circumstances not your emotions, being responsible and wise, and it’s about logic. Emotions has never kept the bills paid.. A man who doesn’t work he doesn’t eat.. That’s like your employer telling you they don’t have the money to pay you for the hours you’ve worked due to an incident that had nothing to do with the employees but because he’s a good boss are you going to allow that to slide and be ok with the fact that you’d worked 40hrs plus overtime for 2 weeks and now you’re hearing that your check isn’t coming this month and charge it to him being a good boss? I’d hope not.. You’re not working there because he’s a good boss you’re working there because you need your money.
"If people understood the money system, we would have a revolution before tomorrow morning." Henry Ford
The bank is not your friend
those who work in banks are not humans
Yeah you keep hearing good people saying “I was trying to show the bank I was trying”. Meanwhile the bank has a game plan to take you for the max possible.
@Handy Sandy == just pay your fkn bills . if you cant pay for what you have , dont bitch that its the banks fault . move on .
they don't want to pay never be a borrower nor lender be
What the fuck do you want the bank to do leave you in the house that your not paying for
Turn off cable TV, turn down the heat, turn up the air conditioning, do not eat out everyday, carry your lunch to work, do not buy clothes, be careful what you spend at the grocery and find a part time job. Clean someones house, baby sit either in your home or their home. Pay the mortgage before anything else. Allow your children to help...this will allow them to have a brighter future. One year on my birthday I worked four jobs. Before school, watching the children, taught school all day, after school care and one hour of tutoring. I was tired but my mortgage got paid.
That's when you sell the house wen a spouse leaves. U don't have combined income. With the cash of the sale rent and move on.
You have no idea how unaffordable rent is in Ireland. We are in a horrific situation where it's a tax break , negative gearing, for landlords so they prefer vacant properties that require no maintenance. Literally thousands of vacant properties. You can buy but you must have a pre approved mortgage which is nigh on impossible to get. The banks got bailed out but not the taxpayers. Look at the situation in UK. Stagnant wages and casual work contracts do not make you attractive to a bank for a mortgage. Couples split up but it's rare that both parents take on equal care and responsibilities for the family obligations. The banks across the world were helped as we're big conglomerates like GM and FORD but nothing for we the people. Dude where's my country, my society, my civilization and my human rights!
Jayne Eyre but hey, it’s all about love, equality and diversity. Right?????
Have a heart it could happen to any of us,it wasn't her fault,yes she sells but where does she go,the house will be in debt she can't free up cash to buy another house,have a damn heart people,
VideoRocketz007 Millar she owe thousands in unpaid mortgage payments there won't be money to buy house or she would have
VideoRocketz007 Millar that would be my very first action, to sell up. Home can be made in another place.
I hoped to know if these women were able to keep their homes.
@25:00 I love love love Ciara's chalkboard behind her.
@43:00 I'm tearing up over Ciara's sharing the news with her son. As a mother and grandmother i know exactly what it feels like to give this news. I lost my home due to a fraudlent rental/sales agent. At the time my 6 kids were under the ages 13. That feeling of being homeless and losing the place you've invested your love, time and money is exhausting and terrifying. Then when it happens you are stressed out and depression sets in. I also know that God works hard to move us toward the direction He wants us to be. Sometimes it's a HARD ride down that ROUGH road. But, please think of anything happy to keep yourself from ending your life. Kids and our loved ones are more important than material things.
P.s. i didn't know where I'd go after the eviction. I lost because I was clueless and couldn't afford a lawyer circa 2009. I didn't ask for any help from the people i know. We slept in a mini van one night for several hours-- my mom help me start figuring out how to get back into a roof over our heads the very next day. I love my mom we stayed in her house about 5 days.. I am sad living in anyone's home- even temporary. I hate starting over it's exhausting but, like i said it's God moving me. If you don't believe that's fine. I can't explain why thing's happened. As per me I'll keep hope in my heart and go through good times and bad times the best i can. My mind has seen and heard alot. Maybe I've even seen too much ugly in the world ...Just know I'm ready for the rough bumps more than i was before-
Hey, I'm letting the world know than I am older, wiser and more God seeking now.
It really bothers me that the plan of one son to buy the home from the parents after they borrowed over 200K euro’s to fix the home and pay for “other” debts was even suggested in order to save the family home.
People, there is NO SUCH THING AS A PREDATORY LOAN. Be smart, you are not a “Victim”!!
The Irish got their Independence from Britain....and then the turn around and treat their own people just like the British did.
Henry Bemis treat them how? If you can’t afford it you can’t afford it. Should they be allowed to live there forever? Gtfoh
Julia and her husband are on one income and have five children and don't seem to be able to connect the two. If they had 3 kids max and both worked, they wouldn't be in this position. Being a stay-at-home parent is a luxury for families that make 6 figures.
Oh well....should have sold up used the profit for a deposit on a small flat. Would have even bought a one bed flat, given the bedroom to my son and I would have slept in the lounge! She can afford two massive dogs!
The bank owns your home until you pay off the mortgage or sell it. You can't just stop making the payments or decide to pay less than what you have agreed to pay. Sitting and fretting is moronic. Get a cheaper place to live and move or get a second job for more income so you can afford the payment. You can sue your ex later for his portion.
A Clem I would have sold the home as soon as possible and lived in a hotel until I could find an affordable place to live. Theres no point continuing to pay reduced payments if the bank has informed you that they will not accept anything less than full. And usually thats how they operate.
Of course thats assuming the home is worth more than the mortgage... otherwise I would have just allowed the bank to seize the home and stopped paying completely. Really, its a no win situation. Either way youll be losing the house. Its sad but theres no other option if your finances can no longer support the full monthly mortgage. Just use this as a learning experience and move forward. Its all we can do.
Once her husband left, why didn't she sell the house & rent somewhere else?
Denial of the fact that her husband was gone? Stubborn refusal to understand that her life has changed? Fear of destabilizing her son's home? Or it could be that since the divorce wasn't finalized she had no power to sell until it was determined who got the home or if it was divided 50/50
The midwife had her meeting done sooner,the day before,what’s going on with the courts,and the banks ,seems dodgy to me ,poor women 25 years hard slog helping others,and this crap happens to her,your partner must be a deadbeat leaving yous in this situation,so sad for everyone involved,greedy banks,your son should be proud of you,all the years you’re looked after him,the housework,going to work full time etc,you deserve a medal 🏅,good luck to all of yous
The best way to ascertain your children will face constant poverty, possible homelessness, and food shortage is to abandon your spouse
Dont never get a house thru the banks. Buy a piece of land and build your own house
The sad truth is that, if you cannot afford the mortgage, you can't afford to live there. You have to sell or lose it. We don't teach life skills in school. No budgeting classes. People don't plan, before they have kids. We seem to think that things will just work out--someone will help us, our families, the government... It is sad, but you can't live beyond your means. I understand that men leave relationships; but when that happens, you can't continue to live your lifestyle. What, exactly, are we supposed to do--let people continue to live in places without paying?
Very valid pt.
This is sad but true. Let the buyer beware. The banks make money from loans and it is a business. They sure aren't in the business of caring what personal problems befalls the people who accepted the loan.
LuLu the best thing to do is not have children
LuLu you do know that if someone falls behind on an investment home or second home the courts can FORCE BANKS to modify the mortgage. Under u.s. bankruptcy law. The law was written to protect the interests of the wealthy and rich. This doesn't apply to the main home. How backwards is that?
I agree with most of what you say apart from the bit about life skills, that is the responsibility of the parents, by all means the schools should help but it it is basic 101 good parenting skills to prepare your child for life
Your son is a young man at least he can work survive and u will survive millions people lost homes everywhere n us it was horrible Arizona empty foreclosed homes everywhere all cities states were effected
To the woman with five kids....why have so many kids if you can't afford them? secondly really prices go up??? get over it, it is a fact of life..i do hope the family finds a new home
Sam da Silva she’s had those kids for a while, and “get over it”?! You try being homeless and let me know how you got over that.
When your income changes so does your standard of living. She needs to sell the house and move into a place she can afford and a lifestyle as well. Most BUT NOT ALL...are in this position because they live beyond their means, they don’t plan for the future and they continue to be selfish and irresponsible. And most of all they put the blame on others.
And of course anything government involved and democrat run always turns into a third world shithole, but hey, keep voting democrat
Rook T their houses were no longer worth as much as their mortgage. Due to the housing market crashing. So they would have still owed money to the bank even after selling.
@@tellithowitis898 that’s too bad for them. Make poor decisions and deal with the consequences
This is so sad. What a horrible situation.
Serves em right for not having six kids and living in a council house
In the UK Housing associations will buy your house from you and rent it back to you and I know it's shit going from home owner to tenant it's got to be better than losing everything I am not sure if this is the same in Ireland or elsewhere.
Remortgaging your home is the biggest mistake of all. NEVER do it.
Very little sympathy for people can’t pay their bills or go out and find a second job
What? did I understand it right in Mary's case, she inherited a house from her parents, then took out a 200k plus mortgage to pay off debts? what her parent's debts? I am imagining that the house was mortgage free when she inherited it, so why did she need 200k mortgage? I am confused, how can you get a house for free then get yourself into 200k plus debt and now be facing eviction?
Sounds like she consolidated her debts into a HELOC. Those various debts were likely credit cards, car loans, health care, medicine etc that carry 10% to 25% interest rates. Makes sense to consolidate those debts into a HELOC at a single lower interest rate. Easy to rack up credit card debts especially during a major recession which Ireland went through.
She said she and her husband had lots of other debts
I rather work in a coal mine than dealing with teenagers
Or get another job & had the teen son help out. I agree with Malica its why I don't want to marry or have kids. It's lonely but what if the husband leaves ( he might) . Then your screwed.
One easy think to think about: If you can't afford it then don't buy it...!
Here in NZ, in 1996, I never even got taken to Court.
I simply got a Notice to Remedy on the house, (that wasn't finished to spec, just thought I'd throw that in - unable to rent it out...), and I was $11000 in arrears. Possibly because of the 11.95% interest rate that suddenly clicked in.
They knew my business situation, and the house was sold while I was living in it, for a ridiculous amount. About 10% of the purchase price. 3 days later.
They sent a debt collector after me, and we had a free and frank exchange of views. I did suggest starting a class-action against the mortgage holder, and got hundreds of responses. The financiers wriggled back down into their holes.
I do know the law, (I've worked in it as a pro-bono advocate), and I've NEVER heard anything else since about that so=called default.
Ever.
My credit rating is immaculate.
So challenge the bastards.
I am so sorry Jillian, but believe me children know. I hope you are doing better.
Banks aren’t some evil entity sneaking around waiting to steal away people’s property. When you take out a loan for the home, the bank buys it on your behalf, trusting you to make the agreed-upon payments. It’s not YOUR home. Until you’ve paid off that loan, it still belongs to them. They are, in essence, the landlord. No landlord is going to let you live in their house if you can’t pay the full amount due every month, regardless of your circumstances. Some simple math should have told the newly-divorced women that they wouldn’t be paying that mortgage on their own, and they should have put it on the market right away. Stop blaming the banks people! This is what you agreed to and now you can’t hold up your end of the bargain. It may not be through any fault of your own, but it’s the reality. Stop clutching your pearls, step off the self pity train and be a grownup. We all have to face things we wish we didn’t, but you just have to move on. Next time, do some better financial planning. Your life isn’t anyone else’s responsibility.
My sentiments exactly.
I'm sick of the bank blaming here, its beyond ridiculous
And that's the simple reality of all these woeful tales. And these tales will all end the same way. You cannot pay. So no. You can't have it. Fight all you like. You broke the agreement you made. The banks DID give you time to sort this out, as repossession is always the last resort. It's sad...but it's true. I suspect that second charges were taken out on the original mortgages to make the repayments impossible to meet, the programme didn't mention this, but that may be closer to the truth here.
Dunno how it works in the UK, but in NZ, (I believe we still use the Westminster system here), any variation to a contract must be AGREED!
Those that own these banks have no soul for those who is going through money problems. Especially those who have children.
It’s call fucking life deal with it....praise YAHUA
Do not deworce your husband for starters.
The banks are so cold when the buyers fall behind. I don’t know why the bank couldn’t rewrite the loan and put the arrears to the back of the loan. Instead they evict and let the house set empty where people bust in and destroy it and strip all the copper out of it.
We have had similar situations in Australia where the government guaranteed banks that previously were not guaranteed. In such situations shareholders benefitted and as such the normal rules of shareholder profits come first should be discounted. They have benefitted from taxpayer funds so some sympathy to mortgagors should be shown where warranted,
People often say that they own their house, until the mortgage is paid, the Building Society or Bank own it. It is a form of rent really having to pay the same amount every month with conditions until it's paid. A big responsibility and while everything in your personal life ticks over all is well, but as we know life changes and couples split up. It's very sad. Xx
What does Jesus' birthday have anything to do with this? It happens every other month of the year.
We should be ashamed as Irish people for keep voting in the same fools all the time people need to start waking up like more and more families are been left without home's
I would like to find someone who is so poor that her heart hurts.she doesn't have to be beautiful but not ugly
Why do people have five or more kids when they’re living off such a low income? I mean there is such a thing called birth control.
Why not sell the house (in the first story). If you can't afford it on your own, it's usually not a surprise. Did she take the house as her own in the divorce? If so, then she would have known if she could afford it or not. Remember, we are never told the entire story. Don't wait, take action immediately. In a divorce, make sure the ex spouse is responsible for their fair share. If you can't afford a home on one salary, you can't afford to own a home. In the first story a nurse in Ireland makes about 44,000 euros a year. If she has been doing this for 25 years, she should be at the top of the pay scale. The question is, what have these people really been doing?
I would say that is why it took 5 years for the divorce he wanted nothing to do with the house. How is it any of his responsibility to keep her housed? There are no small children in the home the children are grown.
Does Catholic Charities offer reduced rent assistance there?
Cant the banks jjust modify the loans?
Why tf would you mortgage a paid off home?
There is an element of laziness in those who could go and find work but choose to stay at home and spawn more children, exacerbating their debt. They need to get off their lazy butts and get a job, I have no sympathy for the lazy and plenty of sympathy for those who try to help their situation but are struggling.
It is irresponsible to have more children than you can afford to support!
I really feel so much sympathy for these poor people having to live with so much stress and worry about losing their homes, god bless them xxx🙏
When separation happens, its best to sale the house and downsize to something smaller and cheaper. Its what I did, when my ex and I separated, we both moved out, sold the house paid off the mortgage and split the leftover money and went our own way. I searched for foreclosures and found one under $20,000. Bought it, and fixed 1 room at a time.
Thanks for sharing. You should counsel these people as you're very level headed
@Angela Barry Exactly. Smart lady. I kept wondering why these ladies held on to their houses after their husbands left; especially since they were not in a position to easily carry the mortgage payments by themselves. The stay-at-home Moms in particular. Who does that in the 21st century?? It's not 1950 and most economies now require 2-income households just for a couple to make ends meet.
Who does that in
the 21st Century? A woman's husband dies,or
leaves...Lady is not young
she is late 60s...Very Hard
to walk out & begin again.
Banks do not give a shit.
What a stable genius....👍
It worked. I mean I bought a house with no loan or mortgage. Worked my ass off fixing it room by room but I've never had to worry about someone knocking on my door throwing me and my children out on the streets. It's been 7yrs, the house I bought for 20k is now worth 95k, when I sell it I will get my money back plus some. Or will keep it so my children will something to fall back on.
I do feel so sorry for Gillian. She sounds a broken woman. Poor darling. I hope she has sorted her life out. Maybe, with her children she might get rehoused by the local authority. Why did her husband leave her in such a helpless situation? Poor children. God Bless Gillian and give her the strength she needs to overcome this hurdle in her life.
May God bless all who are in need of a home and food and whatever else a human being needs to survive in this world kindness matters.
Thank you my son burned down our home in Jan and this sucks being homeless in covid with 3 kids and no husband.
I feel so sad for the nurse lady . Hope shes well today
I feel sorry for all of them, or anyone facing the horror of losing their home. To me life has been simpler when I rented a home. I owned two houses in my lifetime and they became a chain around my neck, okay until a new roof was needed, a new hot water heater needed, plumbing was working, etc., an endless worry about repairs that were always big expense items. When renting all I'm responsible for is the rent, if something breaks down the landlord gets called to fix it. Your home is your security, even if it is only one room you're pay for, that is your room. To be placed in a situation where you can be tossed out on the street has to be one of the most humiliating and stressful situations anyone can be forced into. It shouldn't be this way.
Lois Austin, how about when a hurricane comes, when you rent you just leave. When you own, your stressing...
@@Love-qv9nl I would just call my insurance company and pick up and move somewhere else
The takeaway I got from this is that Ireland needs better child support and alimony laws. Hopefully that has changed. Also, it is pointless to make partial payments. The bank is not operating off of emotions nor do they care that you are trying. It is best to save that money for an apartment.
I don’t understand what they want me to feel with this documentary. It definitely sucks to lose your home. That happened to us when I was a kid. But, if you can’t afford to live there anymore, is the bank supposed to just give you a pass? They agreed to the terms of their mortgage. Now their circumstances have changed and the money is no longer there. They need to move on. The one family probably should have secured a stable home BEFORE bringing 5 children into the world. That’s not the fault of any bank.
Harsh but very true
The mortgages are probably more than the homes can be sold for - it’s a shame there is no equity there. At least it would mean a new start even if it’s a rental.
.
Well not exactly the bank didn't,t want to redo the mortgage I expect like ree amoratize to30 years and lower the payments they do not help theyare brutal corps now no handshakes
I rent out a room in my house so I can keep the mortgage paid.
I need to do this but hear terrible stories about boarders.
Water Melon I rent out two rooms, it’s the only way I can afford my mortgage!
Water Melon please make sure you are paying Council Tax for your Lodger unless they pay it themselves !
Better hope they keep paying rent and don't trash the place before you have to take them to court which will cost you more money.
I thought about that but I'm scared, I hear horror stories.
I guess I am confused. My sister lost her house and I lost my house and our first priority was finding a place to live that we could afford. That was in the States so I am not sure of the tenant's rights in Ireland but basically, the banks have the right to take the home in the U.S. I just decided to get on with life ...it was only bricks and mortar, not an indication of what kind of person I was. These people have no choice but to accept what cannot be changed and go on with their lives.It can be done.
It's their welfare programs. They are used to there being a program to help them out. We (Americans) are too but we aren't as willing to wait around and see.
Europe is not the US or Canada were there is massive lands to build homes and expand. The space in Europe is very limited. If you a house u bought 15-20 years ago, most probably you will never be able to buy another house. Also, renting is not cheap in Europe especially in big cities. You could pay more than $3000 for a box room in London or even more. Comparing very different situations like this just does not make sense at all.
@Handy Sandy ==why don't you be handy and start paying their bills ? you are what's wrong with this country with the mindset of letting other people or the govt. paying other peoples way . but you will never get it .
I don't think they have the amount of rental properties that alot of North American cities have.
@Jayne Eyre Europeans less "self sufficient,." Utter, utter nonsense, spoken like some one who hasn't lived all over europe
Wow! Your parents leave you a house and you take out a mortgage on it!!! That’s crazy.
In the end we are all just an account number to these banks. Although they call you by first name and they know your kids and your dogs, when push comes to shove they will retreat behind their desks and become heavy-handed. I don't understand the banks rushing to repossess all these properties in order to recoup their mortgage losses. WHO is going to buy these homes? Everyone is in the same boat financially. It would be far wiser for the banks to work with people, to restructure their mortgages, to give them longer terms, and accept the amount of payment that a family CAN make each month. At least it is something coming in to the banks; what good is an empty, boarded-up house that nobody can afford to buy? If property wasn't so over-inflated to begin with, if it sold for reasonable prices, families wouldn't end up in this situation.
2ndhandSue Because that's what's called socialism.
exactly, they could at least have a family in the home adding to the property and still get money for it, if they reposs they have to leave it open for repairs, and permits to do repairs and inspection to be sure its up to building standards and then put it to the market, the repairs and permits take up to 3 months for some and then inspections cost the bank and when ready for resale, who is going to buy it with the economy so week, keep the people in their homes and at least let them rent it as to own and if they know the ending of the goal they will pay and not keep money tucked in the sock drawer for repairs like most home owners do, and then we would have less homelessness
2ndhandSue i
This same thing happened across the United States in 2008 . The bottom fell out of the stock market because of subprime loans. The lenders were loaning money for people who didn't earn much money and had bad credit to buy homes that they couldn't afford. These people should have realized that they couldn't afford these homes. A lot of other people had multiple credit cards and were using one credit card to pay another credit card bill. One bank bought other banks and their credit card business. My friend had to go back to work doing 2 part time menial , physical jobs to pay back on wopping credit card bill when 4 credit cards when now owned by the same bank and company and her credit was cancelled. It was difficult for me 10 years earlier when I had to charge my medications co pays and hospital bills for my severe asthma and then I had to change jobs where I wasn't making as much.
Thousands upon thousands of people were evicted from their homes and their homes homes were repossessed . They couldn't file bankruptcy either because of the American laws. The smart ones sold their homes and gave their money back to the bank . They then rented an apartment. That is reality. We pay a lot for both medical insurance, medication co pays, surgical bills and hospital bills in the U.S. It is also almost impossible to get long term disability and it pays almost nothing.
How could anyone not know what their monthly payment is?
I think that these people expect everything to work out for them because they have socialized everything over there in Europe and almost everything is taken care care of.
In the U.S. we are realistic because we don't have socialized anything. If you can't pay , you expect to get evicted whether it is a house or an apartment. If you don't pay for your car, it will get repossessed. If you don't pay your phone bill, your service is cancelled, if you don't pay your electric and heating bill, it will be turned off unless it is below freezing - then they will wait. If you don't pay your cable bill or for your internet, it will be turned off. You have to pay your medical bills and copays . If you don't pay your co-pays for your medications, you won't get them. Itt doesn't matter if it was your home and grew up there, etc. If you can't pay- you need to leave and find an affordable
apartment. The banking crisis happened because people signed for loans they couldn't afford.
I had to move in with my sister and her family when I lost my job because a hospital I worked at became bankrupt in 1995. I ultimately had to take another nursing job which paid less and paid off my debts and for health insurance with my savings TSA I was saving for my retirement - and I paid a penalty.
You have to make a budget and live within your means - and not expect help from anyone.
absolutely love and agree with your analyzation of this matter, any possibility to do for homeowners what was done for the banks - I believe this is the result of the fraudulent business practices of white-collar corporate AMERICA
This comment is not aimed at any of these people, just a few suggestions on how to save money, don't buy a house or rent one you can't afford, don't go out and buy things to decorate it, do your own haircuts, mani/pedis, eat beans and rice and when you get sick of that rice and beans, stop having babies and don't get a pet. When you take a shower reuse your towels, you are clean after your shower and so are the towels, you save on laundry. There are so many ways to cut corners. And when you get paid, put a little in savings, even if it's 5 bucks. Get in the mindset of living frugal. I don't need to treat myself to eating out or even going to a thrift shop. Young people, if you start early by saving early, you won't regret it. I have two kids, neither one of them had a nursery, the four of us lived in a 2 bedroom apartment, our baby girl slept in a $5.00 garage sale crib in our room with mismatched everything, I remember her 1 St carseat without the handles, the kind you have to have to bring them home in from the hospital, they don't have handles. We never complained, we were happy and I guess didn't think about a carseat that had handles, I'm not trying to come off as being a martyr, I just hope that this might help someone, somehow. I hate to see people struggle. I love you all.
Don't have an EXPENSIVE hobby like owning pets!!!!!
often it starts with the loss of a job, a divorce, or the death of a spouse ... things like that will turn anyone's life upside down... families might have been getting by ok, but when major things happen like that, they are left struggling. It could hap[pen to any one of us, no on is immune.
@ pets are only expensive if you make it expensive. People should be saving money every month, not spending it all on luxurys and expensive crap they don't need.
You might need to get a full time job and before my kids would be homeless I would as a wife get a job also even if my husband is working.. It takes nowadays both parents to work, thats a shame but it has been that way for a long time. Everything is so expensive now.
True but my dog is part of my family.
I cried through this entire program. So many good, kind, hard working people around the world that are suffering. I wish I could help them all.
I agree with. Heartbreaking
The Insurance companies have done this to people, I worked at Sobeys and could not believe the amount of food I had to toss out and record it as waste, Some of my Co worker left work crying after begging for the food they were putting in the garbage. This woman told another employee that her husband could have used some of them nice dinners , her hours were cut to seventeen hours per week, her husband would soon be going on to Employment Insurance as he gets laid off just as Christmas is coming. These Grocery store Delis throwing out food could easily feed many many people , thank God people like Bon Jovi for sharing so much of his wealth with people from all walks of like. Blessings
It's a shame: these banks screw up and the civilians have to bear the brunt of it! They're not the ones who made the mistake, and they shouldn't have to be the ones to pay for it. And these husbands can always walk out and leave the wife with the burden.😠
This is the Ireland you seldom see. Type "Ireland" in your browser and instantly there's rolling green hills and castles.
This housing crisis . . . is effecting families, individuals,' . internationally. All are effected, in this seemingly expensive world we'all don"t necessarily thrive in. We are all. a few paychecks away from being/becoming himeless ! i should know, I've evolved . . . rebirthed from that state . . . which had compromised five years of my life . . . in our nation's capitol, Washington, D.C. I thank such facilitiea as The Center for Creative Non-Violence for shelter, D.C. Central Kitchen for training, and the Veterans Administration for a housing subsidy (HUDD/VASH Voucher) to bring some 'spring' to my step of life . . . once again !
Well Ireland is beautiful so yes id like to see rolling green hills and castles.
Five children? Only the wealthiest can afford a large family. Your children are a luxury in a struggling society.
Nope., please read Angela's Ashes. I have never thought that Ireland was a great place to live!
@@budnwiser0 You can guarantee their religion. Damn that's talent.
They all say that they came to a verbal agreement OVER THE PHONE for reduced payments. What they should have done is say... I need to get this in writing, either a letter or e-mail. No contract on paper can be altered with a verbal agreement.
Or hang up since they were, you know, on the phone.
This is why I own my own home without some one else
creolelady182 I would be scared if I lost my job or I got ill and these no back up from other person these two ways good and bad
When my ex-husband and I divorced 20 years ago we sold the home we had and we both bought her own houses I bought a much cheaper price house than I had when I was married luckily I was able to pay that house off in 14 years luckily I had no minor children living at home.
Lucky you. Have you paid your mortgage off? If not, you don't own your home. The bank does.
PAID OFF MORTGAGE 4 YEARS AGO AND YOU ARE NOT TELLING ME ANYTHOING i DONT ALREADY KNOW SMART ASS@@kdlofty
i BOUGHT MY HOUSE ALONE AND ALEWAYS AHAD A BACKUP PLAN WHEN DEALING WITH MONEY. sTOP SPENDING MONEY ON THINGS THAT DEVALUE OVER TIME LIKE i PHONES AND CLOTHES. AND ALWAYS HAVE AN EMERGENCY FUND. i AND KEEP UP THE VCREDIT SCORE. pAY YOUR BILLS ON TIME
@@Michelle-qd9gm
I really hate these banks that refuse to work with homeowners that are making good faith Payments and working as hard as they can to keep their homes !? Don't these banks realize that by reducing the mortgage payments and just attaching it onto the end of the mortgage loan to make it extend the loan for a period of years to pay off the house is far better than removing these ppl and having a house stand empty for years making absolutely no money whatsoever on them because no one can afford to buy or rent them . The house falls into disrepair and gets vandalized and after several years the house then is just useless, has to be torn down and they can either rebuild or sell just the land at a discounted price. They are to stupid to not realize they are hurting themselves. I just don't get it . I could understand if they weren't making any payment . Just sickens me to no end . And to the jerk off husbands that commit to these woman and these home and just walk away and leave the family without any help whatsoever whether it be child support payments or continuing to help pay the mortgage with the ex so his children can have a roof over their heads and a decent life , you should know karma is a very real thing and it'll catch up to you eventually. I don't like to wish ill or evil on anyone but I pray they aren't living the lives they thought they'd have by abandoning them . 😡😤😡😤😡
You aren't an American, are you. No one over here expects any help or consideration from a bank or a company.
cringing so hard reading this nonsense. i have a crazy feeling you're not in a position to be offering competent financial analysis haha
The banks can't afford to reduce the mortgage payments and stretch them out longer because they have to pay their bank president and CEO $1M salaries. THAT is the real problem with banks - their over-inflated executive salaries and bonuses and payouts.
Preach it!!
@@2ndhandSue you sound salty. It’s. It the ceos fault she can’t afford her house. She doesn’t deserve special treatment. She needs to sell it and should have when she and husband separated. It’s no one’s fault but her own
I'm in full support of your problem - wish I had the money to help you as I would!!
bullshit no you wouldnt commenting for likes. live in the real world would you help a stranger save their home in the cold hard of day
Wow, this is very humbling.
Most people get in these situations because they don't think ahead. If you can't afford the property on your own salary, don't get a mortgage. If marriage breaks up, sell or give property back to bank and get a small, cheap apartment you can afford. Why sit there and let things get worse and worse? The bank doesn't owe you anything, you owe them, and they don't give a shit about your personal problems.
Hope you never have an accident or a sudden illness.
sell the house yourself before the banks get the chance to do it, or if you are left with the house take in a lodger use the rent money to keep your mortgage afloat
I don't mean to sound rude, but I just don't understand why people have multiple kids, especially when they are already struggling. Taking care of a whole other person is expensive!
Abortion is illegal there, that's why
If the economy is bad who does the bank is going to pay. Some of these people are paying at least something. Now it will stay empty. Doesn't make sense. People will start squatting, ruining it, breaking in.
What à sick world that Gillian feels like her mortgage is more important than her cancer. I wish I could help these people
I think there is an element of people getting into unnecessary debt. We don't save anymore. We just buy on credit. In the case of student loans people should be thinking about state schools and forget the $50,000 loan debt. But I don't understand the lady at 26:05. Her parents gave her the house and she still had to take out a loan for $260k??
Exactly. This is her fault! It’s all their fault. It’s not the banks fault. They can cry but the fact is, they have to pay l8ke everyone else. It’s not the bank’s fault they aren’t paying. You have to pay your debt. Period. Where they are in life is all a result of choices they have made. Crying about what you have done is your own fault. Banks gave them the money and that was great, now they don’t like the bank for wanting their money, they signed a contract to pay, back! The audacity of these people.
Do they not have enforced child support, alimony or spousal support in Ireland? Can one spouse really just leave and that's it? Yikes.
What struck me as sad in this story was the fact that it was women who were dealing with all the issues. Where are all these deadbeat men? Why aren't they liable and made to shoulder their share of the responsibility? Once again it is women doing all the heavy lifting, these deadbeat men should be horse whipped. Shame on them.
They didn't necessarily say all the men weren't supporting their kids, but I don't think they have as an intense "men need to care for their children" program as we do in the U.S.which sucks, most men just plain won't work but now it doesn't matter, once you have a kid, you will always owe for them so you may as well pay now, it will cost less.. The women .it seems to me they think they should stay home and be provided for in a way that says they are married but they are not, so they don't get that kind of money. The woman need to get as many jobs as required to live, because that's what a person does. I'm sorry but if you plan to own a place you have to make the payments. However the banks had a helping hand by the tax payers and that should account towards their payments and that would be fair, not toss them out on the street,
Ann Garnsey yup it sucks
fuck off.
Finger pointing doesn't help anyone.
All men are not deadbeats, two of the women we heard from were divorced.
This is terrible but for those who are struggling at the moment watch Dave ramsey,say not to materialism,say no to your children,forget toys for xmas and economise. Involve the children. They are not as fragile as we think
Dave Ramsey lives in a world where he doesn’t have answers for lower income or people living paycheck to paycheck. 🤷🏻♀️ we don’t eat out, we pay our bills double the minimum. And we are chipping away at our debt.
Banks are absolutely evil all around the world. A clean, safe, comfortable and affordable home is a human right. Such a sad situation for all these families.
im sorry for all of ya going thru this i hope you all are well from ohio keep fighting love and prayers
She's right it's extremely difficult to find places that will let you have your animals even if you are responsible homeowner especially here in the United States if you have a pitbull that's damn near impossible I have a small Chihuahua and it was hard to find a place to accept him and he is smaller than a cat
why can't some families get together and buy the one house I pay it off to save it even strangers borders something to make some money
Bonnie Young or just rent when u r unable to mortgage. Long as u are together the kids understand. Always rent apt never a home.
VideoRocketz007 Millar j
VideoRocketz007 Millar that doesn't make any sense it's not any cheaper
Not everyone has family and not everyone's family has a home or can help
In a big house like that could you not take in a lodger to help pay the bills?
I do sympathise but why would you choose to have five children if you know that things are going to be difficult ??
As I watch these posts one thing comes to mind. The world as a whole is about wealth and wealth only. This is particularly true of western nations. Parents should teach their children about the importance of saving and investing and being financially secure. Any person, place, or thing standing in your way of this goal, should be avoided. As someone born into poverty who now lives debt free, doing this is no easy task. Most people involve too many other people in their lives. These people tend to be anchors weighing them down. Man being a social animal, they tend to not want to break these bonds. I know because I did it. No one has to end up like these people but in order not to you had better be serious about your goal. The world doesn't like the poor and those without.
Linzie Rogers I agree 👍🏼 Everyones main focus should be on stashing away savings, having an emergency fund, working on a budget, and finally using said savings to invest and grow your wealth.
Once you have this system in place and understand how to use compounding interest to your benefit, then you or anyone can spend responsibly and live your life without fear of being homeless or drowning in debt.
I myself have been going thru the same thing and yes it has been incredibly difficult not going on vacations or travelling abroad. But I really want to grow my assets and have a system of enhancing my wealth so that I can be financially independent.
If that means no traveling, wearing worn out shoes, buying tacky clothes on sale, not buying a new phone or laptop, and so forth ill do it. I wanna live my life stress free without worrying about if ill have enough money for the future.
After a few years of doing this, Ive accumulated a decent amount of savings. In addition, I've purchased a few hundred shares of stocks that I now own for myself, and Ive been buying treasury notes with the extra money I have that Im not yet ready to use.
Im amazed and relieved at what I have accomplished but yes it was difficult to do and took a lot of dedication and planning. Was it all worth it? Yes .... yes it was. 🙂 Good luck to the rest of you and never falter in your efforts to better yourself financially or otherwise.
Not true of western nations, anyone I know from the mideast or Asia is extremely focused on money.
Why are all of these videos from years ago. Why can't we see what's happening now. Has things gotten worse.
I understand that these woman would like to stay in their current house as they raised there children there and have memories. But if you know that you cannot longer afford they mortage on your own after your divorce..why not sell the the house straight away and share the profit with your ex and move on. Live in a rental house until your ready to buy a small house for yourself and children again. Sometimes you have to do things that you don't like. But there is nothing worse living in a house knowing that you can't pay your mortgage and the rest of the bills. And knowing that your house can be repossessed at any time!! What an awful feeling. They really brought it on their own by not selling the property straight away!! Or at least put it on the market. No..they decided to stay. Could have easily been avoided!! The banks are not your friend. They want your house and your money!!
If only was that cheap to live in a rental then buy . Not now . I make 700-800e a week the taxes over 200e a week so you are lucky to be on 560-590 a week . Rents can be as high as 400-500 then basic esb / heat in winter and bins a prepay phone , €50 food and broke ! I’m going fully deaf and worm full time and this is how bad it is ! It be dread find a place to rent for 1k . No chance
It's really no different anywhere in large cities. If you want to own a home you really need to be a working couple. It's almost impossible for a single person or single parent to buy and maintain a home if they are not white collar professionals. I think as a society we have become "spoiled" in the Western world. We believe that everyone should own a house and that buying and maintaining that house should be the top priority. I am 65 years old and when I die, I will never have owned a home. I have rented all my adult life since I left my parents' home. I have seen many of my friends lose their homes because one of the wage-earners became ill or injured and couldn't work ever again or not until after a long period of convalescence. I personally think that we need to rethink the way we look at housing. I think the single family home is going to go the way of the albatross - it simply isn't sustainable for people on the lower end of the financial ladder any more. We need to start looking at how people live in other parts of the world, to look at multi-family housing, with two couples and their children sharing a home, or co-op housing where a group of people contribute to the mortgage and maintenance. In places like India and China, it's not unusual at all for three generations to live under one roof. It's not something we're used to in North America, but we might have to start taking a more serious look at things like that. I cannot understand that one woman who cried through the entire video because she was so exhausted and she had cancer and whatever else - and all she could do was stress about losing that house. Fuck it !!! If it's ruining your life to that extent, let it go. Move into something smaller, something more affordable and not have that nightmare every day of your life. So what if all your kids grew up there and all your memories are there - make new memories in a new place. It's just a house. Nobody should be that "ruled" by an inanimate object that it becomes an obsession day and night. Nobody needs that stress.
That’s why have be smart - income protection if fall ill and then illness benefit to have better income . It worth investing into the future and live simply but even that , nowadays it’s impossible for single person to own their own home in cash . The rents are so high so hard to save for a mortgage
A single person can still afford to buy a home they just need to start with a starter home something small Within their budget
India and China, what a sad way to live😢.
This all shouldn’t be talked about the way it is like we have to accept what others have determined for us. Corporations and t government are constantly giving problems and it cost us severely yet I hear so many people say we ( the everyday Americans) need to find a solution to problems we didn’t create. We need to stand up and speak out about the wrong doing of what all is going on. Someone from another country recently stated that Americans have been beaten into submission and I am starting to really pay attention and the person was correct!
Why are the husbands allowed to leave and not pay? Where is spousal support and child support? Is this not enforced in Ireland? Most of the time in America the house is sold during the divorce and the profit is split unless an agreement is made for one partner to stay in the house.
It also happens in the UK, but often what happens is the woman wants to stay in the marital home with the kids, so he signs the house over to her as part of the divorce settlement and then some of them still expect him to pay for the bills and upkeep of the house he is no longer living in, and if when sold he will not receive any money. I too found it extremely odd that both the women were divorced yet giving the impressing the husbands had left them with nothing. Oh and just to add 18 is a man, he should be out getting a part time or full time job to help his mum out.
People, there is NO SUCH THING AS A PREDATORY LOAN. Be smart, you are not a “Victim”!!
This doco brought back some very bad memories. I was evicted over 30 years ago & this was followed by 28 years of homelessness (Not staying with friends or couch surfing but sleeping rough in trains,airports,sheltes, train stations, parks etc). The sheer stress of the months leading up to the eviction was more stressful than actually having nowhere to go. Although evicted it was a bit of relief that it had been done. I was consumed by misery & once the bank decides to forclose then there is nothing that can be done. If the outstanding balance is lower than the property value they will sell it for anything just as long as they get their money back. Banks are heatless while making their billions of profit. A house is a home & it's your history & memories & landmark events that are missed the most. They simply are cruel.
YOU ARE NOT! LYING…THE BANKS WILL GIVE YOUR MONEY 💵 TO PEOPLE WHO YOU OWE! AND ACT LIKE THAT IT IS OKAY TO DO THAT…AND YOU WILL NOT! KNOW IT UNTIL YOU GO CHECK YOUR AMOUNT OF DEPOSIT…YOU KNOW YOU ARE SUPPOSED TO HAVE IN THERE OR YOU GET A WITHDRAWAL AND YOUR BALANCE PRINT OUT…I CANNOT STAND NO BANKS PERIOD…I DEAL WITH CREDIT UNIONS ONLY! NOT NO DAMMMNNN CROOKED ASS BANKS…
I PRAY THAT YOU GOT YOUR LIFE BACK ON TRACK…BECAUSE I CANNOT STAND TO SEE NOBODY!!! GET EVICTED! THAT JUST BREAKS MY SPIRIT DOWN…AND I DON’T KNOW HOW PEOPLE WORK FOR PEOPLE WHO LIKES TO EVICT PEOPLE! THAT IS A JOB I WOULD NOT!!!! WANT! BECAUSE THAT HURTS ME! ESPECIALLY WHEN PEOPLE HAVE LIL KIDS AND LIL BABIES…😢😢😢😢 THAT IS REAL SAD!
Banks are a business not a charity. What do you want them to do? Let you stay in the property without paying your mortgage?
A late reply. Yes, i have got my life on track, have a nice brand new apartment with city views & a wonderful cat who is my family. Thank you for your kind words.@@joannecahee2367
@helenkobayashi6900 Yes. Banks are businesses but then why should the taxpayer have to pay for their bad decisions and bankruptcy? Banks should fold like any other business with customers being paid for deficiencies in their accounts; not the administration. Govt working for big business, instead of for the ppl that pay their wages.
She is suicidal but the producers have her on a cliff?
LOLOLOLOL LOL LOLOLOLOL LOL LOLOLOLOL LOL LOLOLOLOL LOL LOLOLOLOL LOL LOLOLOLOL LOL LOLOLOLOL LOL LOLOLOLOL LOL
Ratings
Maybe they could have rented out bedrooms. Here in Virginia, USA a room rents for $600 a month. Id rent all mine to pay my mortgage, Id sleep on my couch, or make me a bedroom in the corner of my living room.
Karen Redding I am also in Virginia and the rent is high as hell. I am in Northern Virginia. Most people need roommates. The problem with renting to so many people is usually the quality of people go down and they lack respect for your property and you owe so much to fix damages.
NaYnAJaY0526 NaYnAJaY0526 I live on Vancouver Island, BC Canada. It’s the same here. $600 for rooms in an apartment. $900 for bachelor apt 12-1500.00 for a 1bdr apt & houses are into the thousands.
Buying anything is out of reach for regular folks & getting worse. My friend’s 1956 home in a working class neighbourhood increased $90,000.00 in one year.
One of our huge issues here is property’s being bought up by foreign investors (primarily Asian) & left vacant. They’ve now implemented a ‘vacant home tax’ to try & slow it down but it has contributed greatly to one’s inability to find reasonable, long term housing here.
Just an idea...I’ve moved no less than 18 times in 27 years. I’m an expert at it now.
Thanks for listening...lol
@@NaYnAJaY0526 That's the life of a landlord!
This is sad, but what they need to realize is that at the end of the day the banks are running a business....not a non-profit. If you can't pay then these are the consequences.
True but they should go after the man also.
And the taxpayers bailed them out not for profit
This is true but if they are a business then how was it the taxpayers responsibilty to bail banks out to the tune of 500 billion quid in 2008 from a financial crisis that the banks themselves caused? The same taxpayers who these banks are now tossing from their homes. Fact is the banks owe the taxpayers money, not the other way around and should be forced to pay back every penny.
Yes they took the money and used it. Now you gotta pay it back
Contracts are contracts, and the banks ALWAYS win. I feel sorry for these people who are facing the loss of their homes, but what good does it do to say "this is my home ... this is where my children were raised ... I don't know where to go"? As tough as it is, since you don't have a choice, it's probably better to get it over with and move on with your life, because if you don't, you're not only going to lose your money but your health too.
I hear you! Unfortunately you don't know what's going to happen when you start a family. As hard as it is, the best you can do is leave the past behind, learn from it and make the best of the present and the future - for your children.
Anima Libera I do agree. One can make a home somewhere else. I’ve done it. One has to be realistic, difficult though it may seem at the time. One survives and it becomes a thing in the past.
It’s not ‘her home’ she signed a contract and now that the bank has consequences to her faulting on her end they are the bad guy? Nope. She’s the bad guy. They gave her a bunch of money yet and isn’t paying it back. Who’s the bad guy?
I was told too, they wouldn't just throw you out on the streets. Yes they do. I am now living in my car.
I AM SO SORRY U R GOING THROUGH THAT. I hope by now or very soon u will have a better situation. My family had our home foreclosed in 2009, I CAN TELL YOU IT DOES GET BETTER IF U PUT THE WORK IN. I'm sure you will do everything possible to pull yourself up and you are in my prayers. I hope very soon your situation changes.
Why does she not get roommates who are employed
You did not let your son down. Your husband let him down.
SHE let her son down by divorcing her son's dad. She thought that she was big, bad and bold enough to take care if a house and kids on her own. Thank feminism for poverty. Hahahahahaha
Erm we are only seeing one side of the story. The Courts will force a father to pay for their kids. Why during the divorce proceedings did they not agree to sell the house and look for something more managable ? I know there is the line of thought, not right to move them away from their schools, friends etc. but really is that worse than being homeless? As for the mother refusing to tell her son, what is all that about he is 18 not a child. I hope they all find new homes, but people need to stop borrowing beyond their means or to their limits, without giving a thought to it is a fact of life that bills and food prices go up, and you never know what is around the corner personally, loss of a partner, job, etc.
@@samdasilva1914 ignore the idiot Sam the banks and lenders as well as the ex husband should be the target of his cheap worthless comments.
I agree I wonder if they have spousal support or child support seems like men have no responsibility what so ever
Crier, do u know her? You cannot make assumptions you are not very nice. My opinion, she has been working for 25 years give her a break. I send her best wishes from the USA 🇺🇸
Entitlement ....people believe they have rights they don't have . Banks are not welfare organisations.
Christien Scheepers everyone is entitled to a roof over their heads.
Victoria Delaney
No. Pay your way - it’s not free. Go to a homeless shelter.
Banks sold the mortgages to foreign vulture funds. That is the problem. Two incomes bought the home. With divorce it’s one income and perhaps some child support. I hope she didn’t add animals to the home after the divorce. They are very expensive. And hard to get housing with. The real shame is the government making sure the market has a good supply of available homes on the market costing 3x the average annual salary.
@@a016202 .... you are ABSOLUTELY CORRECT
ThisIsWhy of course people should pay for housing. I simply mean that there needs to be affordable housing options for all income levels. And yes, everyone should be entitled to a roof over their heads.
I can never really figure out the pet situation with lower income households. I get the companionship & such but one trip to the vet could break you & so much harder to find housing. It’s sad all the way around.