70 Years Old And Just Lost Our House To Foreclosure!
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- Опубліковано 14 жов 2024
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I get the feeling there is a large piece of information here that’s not being given
Yea, the story really didn't add up.
As usual with most of Dave's calls.
Exactly...Something isn't adding up, because they are actually doing very well for their age...unless they are accustomed to a millionaire lifestyle..because for the average person, they are living well..
Here's the deal - multiple scumbag lawyers got her to take out a HELOC for a tuba degree. It's true!
So, she has $100,000 in savings, and yet, lose home to foreclosure?
Why didn’t they pay off the house in 40 years? They either had a 40+ year loan or kept refinancing and spending the money?!
my guess is refinancing for whatever they felt they need to spend on i don’t believe the lawyer story
Refinancing because people don’t live within their means. I could have spent much more money on a house but I bought something cheaper for 125k. I could afford it working part time if I had to. For me there’s no reason to have some huge house, everything is more expensive. I’d rather have money in the bank than impress people. Friends laugh at me all the time for driving around cheap vehicles too but I just laugh and say well the 500 bucks you spend every month on you car goes into my bank account because I drive paid for vehicles
multiple refinances. Met an 88 yr old with a home for 50+ yrs and still had a mortgage
@@peanutbutterisfu And in ten years you'll be laughing at them as you climb the financial ladder of success just another ten years away from retirement while your friends keep making themselves slaves to debt and looking at never retiring.
To still owe 245k on a home purchased 40 years ago is nuts. And they didn't keep up on home maintenance either making it worse. They may want to pass on home ownership. This particular couple may be better off renting. Home ownership isn't for everyone.
I like how Dave never took the bait on the "con artist Lawyer" thing. She kept wedging it in and he NEVER asked for more information on it. Ultimately, some lawyer is NOT the reason they are 70 years old, bringing in $95k, with $100k in savings, and lost their home after 40 years.
EXACTLY
Yep
That's what I'm thinking, how did they live there for 40 years and still have a huge mortgage on it?
Yes! I'm trying to understand how you lose your home with 100K in the bank and a 95k income????
And after living in it for 40 years no less!
Would love to know how long she's been a listener. They have 100K in the bank and 5K in nonmortgage debt. Anyone who has listened to DR for more than 10 minutes knows with that much in savings and that small a debt that you pay off the debt yesterday.
How is it possible to get foreclosed on with $245k owed, 100k in the bank, and 95k income? Her story is nonsense.
While living in the house for 40 years
Steve E refinance to start a business and put 100000 in the bank
The writers of this show aren't very bright.
@Nathan Michaels I believe he's saying that the calls are staged
They weren't making any mortgage payments
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How can someone possibly owe money on a house still after 40 years....
They fall into the refinance trap
Reverse mortgage
Out where I am here in UT the housing market has gone nuts. People who might have been within a few years of paying off have discovered all the "free" equity they have and now they all have new vehicles and ridiculously expensive vacation debt to pay off because they used their house as a giant low interest credit card.
interest only mortgage
Refinance to pay for medical bills or something else... trying to start a business... etc.
Too many details are missing here. Why would they want to buy another house at this point in their lives? They should be worrying about retirement and enjoying the rest of their lives.
They need a house to live in so that they're more financially secure in their retirement. Social Security hardly pays people anything and rents are always going to go up. There will come a point where they can't afford to pay rent anymore and they'd end up homeless. With a paid for house, they only have to cover the yearly taxes which is a lot more doable than renting.
@@pinkpanda5696 they have a 48k pension in addition to SS.
@@thisishowweroll8649 48k a year from a pension? They should be okay. That will cover living expenses. I still think they should buy though. If they want to travel, they could always rent out their house.
@@pinkpanda5696 I agree...a 48k pension is NICE! My mother was a teacher for 30 years and her pension is not half that.
Agreed
This doesn’t make any sense..... she had a home for 40 years.... 40 years y’all... she isn’t telling the whole truth.
Right! They must've refinanced at some point. Because most home loans are either 15-year or 30-year loans. They surely should've had the house completely paid off in 40 years. Especially with a $95k annual income.
Sounds like they got involved in a lawsuit of some sort and their house got tied up in it. You're right. This isn't the whole story.
Dude please, you are making massive assumptions! You cannot possibly know the backstory of these people's past 40 years of finances in 9 minutes.
song yardbird yeaa you can
@@songyardbird2513 I agree. I know zero about this lady... but at some point she messed up
They are 70. Move into a 1 bedroom apartment and enjoy the rest of your days. No need to buy another house.
I agree
I agree.
I agree with your general idea but rent can triple in the next 10-20 years of their lives.... and they need a mortgaged house to refinance a few more times
The problem with renting is it isn't stable, buying is. when you rent you're always subject to the owner. If the owner decides to increase rent, then you have no choice in the matter. If the owner decides to sell, then you have no choice in the matter. If the owner decides to not renew your lease, then you have no choice in the matter. You don't have to worry about any of those concerns when you buy. renting should only be a temporary thing until you're able to buy a place.
Why does everyone feel the need to buy a house? I don't get it.
A lifetime of poor money management.
patty109109 plus a sprinkle of victim mentality... they didn’t lose their house due a lawyer, they lost it from their poor decisions🙄
@@Loganm0213 It's baffling to me that Dave did not pursue details. He almost always does. Every single one of us want to know how a couple with a mortgage on a house compatible with a steady $90k income, with $100k int he bank, lost it to foreclosure. Obviously one or multiple refinances in their past, but how did it all happen...
@@patty109109 , If it had been a male caller he would have. Women, no matter what they do, are on a pedestal to Dave.
That's a lie! Multiple scumbag lawyers are following her around!
IDAK Mr. Maybe he’s being gentlemanly.
She’s not going to listen to him, I can hear it in her voice
You are right. He is not saying what she wants to hear.
Yep. Dave must obviously know when a caller refuses to take responsibility for themselves so he’s talking to the listeners not her. It’s also pointless telling a 70 yr old they failed in life. It’s sad when a lifetime of bad decisions finally play out. I don’t have sympathy for her but it’s sad.
😂😂
Sounded like what she really wanted was pity and free money from millionaires Dave Ramsey
What was the $100,000 in the bank doing? What was the $95,000 annual income doing? Why did they still owe anything after owning the house for 40 years? Why was foreclosure even in the equation?
They CHOSE to stop paying and allow foreclosure. Somehow, someway, it was the better option. Hmmmm
Something is off with this story.
Something doesn’t add up here: In the home 40 years, the house is worth $345,000, and they still owed $245,000???
30 year mortgage. Made minimum payments. A 100k income cannot buy you a 345k home without a significant down payment. So they took a chance and played cat and mouse with the bank. PMI, and still didn't pay off in 30.
Probably got a mortgage recently, after they paid the original one off, so they could take money out of the house for who knows what.
Why didn't Dave pick up on that ?
Sun Set he doesn’t want to embarrass her
@Sheriff Hoyt how do you make money from refinancing your house?
40 years and she only paid 100k of her house off? This makes absolutely no sense, she is definitely leaving details out and is not going to change this late in life
I'm guessing they did a cash out finance at some point to pay for something they should not have.
"Windshield, that's where the grace is. Rear-view mirror, that's where the pain is." Excellent advice Dave. I had an extraordinarily painful experience happen to me 15 years ago. Life was wonderful, and then suddenly it wasn't. For years, all I did was fixate on my pain. It took so long to finally turn around and look forward. It's so important (vital to happiness) that we count our blessings and look forward. We can look back to learn from our mistakes...just don't do it too often or you can get stuck there. "Windshield, not rear-view mirror."
A down payment on a home at 70 and 68? 🤯 I may be wrong, but isn’t that a little late to be buying a home ? I’m also confused by this math. 100k in the bank , 90k income and foreclosed?
I would be down sizing, renting something small, and traveling at 70.
None of this makes sense. 40 years in house shd be paid off
Miriam Bertram you’re right !! I didn’t even catch that.
Yup
Yeah I don’t get how the house was foreclosed 🤔
@@RealLifeMoney They no doubt refinanced a time or two and possibly have a 2nd mortgage (home equity loan). Makes sense if either is the case.
This woman sounds like a gentle narcissist. Nothing is her fault, everyone is a con artist and she had a 100k in the bank and refused to pay her bills!!!
Yep, agree with your analysis.
The only narcissistic trait here was perhaps blaming someone else, the lawyer, for their position to make themselves look better. But we have no proof of that, there may actually have been bad lawyers. She didn't sound like she was trying to make herself out as "better". One unproven trait doesn't make for a psychological diagnosis.
Daniel B okay that’s it would not pay for the house note
Trusting people get into trouble with people seeing them coming!
100% agree. she just wanted to keep her money in the bank and live for free in the house for months then blame the lawyer.
I like that Dave just kept things simple because there’s really no reason to argue with people who are this old because they will not change
haha I changed when i was older than that. Sold a condo when I was in a serious mess with it and moved cross country to a cheaper location and live in a luxury apartment. haha never put all of us old folks (or ant age for that matter) in the same basket. :)
95k a year and they lost the house what could the lawyer do
matthew williams that’s what I was thinking. Where are you from?
Kayla Nicholson Baltimore MD, what about you?
Arvind Singh Dallas Tx
@@TheBeautifulKayla i live houlton maine just think every ten years they go threw $950,000.
matthew williams whoa!! I didn’t know there was black people in Maine 😂
Did I hear this correctly...they had the house 40 YEARS and still owed $245,000?????
I guarantee you they got caught in the college scam and finance their kids college through refinancing their house
How did the house go into foreclosure when they had 100k in the bank? Still very sad for sure.
She could be a deadbeat! I know lots of people with money who just refuse to pay their bills!
I’m still confused about how this happened.
I wonder if they have drugs or gambling problems...Something ain't adding up..
I'm not sad for her, she's an idiot
I'm am attorney and used to do foreclosure work.
This lady is a classic case on those foreclosed. Owns house for 40 years,makes good money but blames her attorney for all her problems.
I wish Dave would have discussed with her the reasons why she lost her home.
I agree but Dave is only there to help guide the people who are asking for help to move forward. He knows this case is a little more serious and didn’t want to pry.
Dave knew but purposely avoided those questions
Like when a newly fired "dancer" lost her job for being fat and did not pay taxes, she had a guy that just said what she owed (stripper with pimp and on manager cooking the books - dave gave her a book)
This woman is the type that can't stop spending and blames everyone else for her problems.
Tt Hh Yep, the way she blames not paying off a house in FORTY YEARS on a lawyer is all you need to know.
@@mohnjayer we don't know how long the lawyer was screwing with this property. He could have had it for 10 years for all we know. She wasn't living in it, and the lawyer didn't have the proper insurance. A house doesn't fall apart from disrepair in a year, so, she's probably been living away from the home for quite a while.
Dave was way too easy on her. He has no problem calling younger callers “STUPID!!”.
True.. they either keep refinancing and spend all the money, they had the house for 40 years should have been pay off.
Yt Yt 👍🏽
It sounds as if their priorities are way out of whack. To have $100,000 in savings and a foreclosed home tells me their house wasn’t important to them. I’m in my 30’s and I’m applying everything I have towards my principal balance because I want my mortgage GONE ASAP.
seems like she wants to blame a lot of people other than herself for her issues and mistakes.
This is the most accurate comment I read. Thank you K Centanni
Dave at his finest; kind-hearted, encouraging, and giving wisdom to us all.
How did you not pay off your house in 40 years? 🤔
And having 100K in savings, and making 95K a year?? Makes no sense
How does the house get foreclosed if they've been paying it off for 40 years and have $100k in savings 😂
I know!,
That's a great question. I wish there had been more details given.
@@thisishowweroll8649 Me too
Sam Levine - Personal Finance yep I’m no financial guru but this makes not a bit of sense...
I think they should rent for the rest of their lives and keep their money.
Hmm...$100K in the bank... $4800/month pension and another 50K from side business...how did this home go into foreclosure?
Con artist lawyer
Boomer logic that's how. The lawyer insisted that they needed him and they sucked up all the bullshit just like they suck up propaganda and vote in pointless elections.
This one hits home. I’m 42 and have a severe problem looking in the rear view instead of looking at the windshield.
Just buy a RV an go on to meet all of the states of this beautiful country . Don’t worry about it
Buy a $20 silver Oz round also.
Jaime Cruz that’s a great idea we r going to do it
Exactly she can get an awesome RV and have lots left over and live off the pension...and her side business if needed
They depreciate by 50% in one year
Renee Citizen then buy an old one that has seen the bulkhead of the depreciation curve
I'm not really sure I would care anymore, average age is only 82-84. Also, how does your house that you've lived in for 40+ years go into foreclosure? Unless you either a) didn't pay the property taxes, or b) took out a loan and put the house as collateral (a lien) and didn't pay the loan back, then that's the only thing that makes sense to me. Otherwise, this house should have been paid for tenfold after 40 years.
Thanks Tom Selleck
@@notafan6 😯😂
Blake B and they didn’t keep up with the home, it is not going to change for these people. She is the con artist.
This was dave Ramsey's way of saying
"GAME OVER"
They owed $245k on a house they lived in for 40 years? Must have used their house as a piggybank. And didn’t even keep it maintained? Wow.
Had a house for 40 years, didn't pay it off, and lost it to foreclosure. At 70 years old, no way would I buy again. I'd just ride it out in the apartment or rent a place.
The single biggest disservice a parent can do for their child is to never teach them about money and debt.
They owed $245k and had been living there over 40years. I'm confused. 🧐
Constantly borrowing from it
I had neighbors that did the same thing. They lived in the same house for 30 years (and it went up a lot in value). They're trying to sell it now and they still owe about what it's worth.
It’s called refinancing
Their is weird
With almost $100,000 in savings. Wow.
It mystifies me how elderly people with this kind of income, good-size emergency savings plus a comfortable pension income can lose a house to foreclosure and still want to buy another house. Even if they were forced to stop working due to age-related issues, they should be able to still live comfortably, shouldn´t they, if they downsized? And shouldn`t it be easy to pay off $5000 of debt, considering their resources?...or is there something the woman is not telling Dave...
Riiiiight...I’m struggling, but my house is paid off. I’d be happy with half of what they have tho
They’re morons.
My mother worked like crazy from the time she was 16 years old. She was excellent with budgeting from a very early age. Even though she never made a lot of money, she saved every cent she could. Since she retired 17 years ago, she has lived modestly, but comfortably, and has enough money to be alright for the rest of her life (even if she lives to be 100 - which she might do!) Many years back, my mom met a very nice widowed lady who lived in public housing. The woman said that her husband was a surgeon and made more than $200,000 annually for several decades. She said that she and her husband lived a very grand lifestyle and never saved money. They went on expensive vacations, threw lavish parties, and bought the best of everything. When the woman's husband died, she was in her sixties and was left with nothing. They could have easily put aside $12,000 a year into RRSPs all those years (Registered Retirement Savings Plan in Canada), and the woman would have had plenty to live on after her husband passed.
I think when people are younger they think the gravy train will never end. Then they get older and they learn the lessons way too late. It's pretty sad.
Dave your so right they still have each other .I lost my home and my husband. It would of been alot easier to endure if he was with me still.
Yes indeed 😮
She sounds in denial of her own personal responsibility. All to eager to bring up this "con-artist lawyer" every chance she got.
Exactly...Her and her husband sound like the real con artist
That's why Dave said to drop the 'con artist lawyer' outta the sentence😂
The Lady is not really making any sense! Not enough Detail! The plan Dave gave based off her situation to go forward was good ! But Most US in The Comment Section want to know ; How did this Happen?? 🤦🏿♂️🇺🇸👆🏿
they're told to only answer what is asked.
Adrian McInnis my thoughts exactly!
I bet it was witchcraft.
Simple. She refinanced her home and used the refinance cash to live well beyond her means. When it came time to pay the debt, she didn’t have the savings to do so. Rather than owning up to her lack of adult responsibility, she blames a mythical “con artist lawyer” for her predicament.
Yt Yt that can’t be it because she has 100k in the bank and the make 90k , there is more to the story that is obviously personal.
I started off annoyed by her. And by the second half, i really couldn't stand her anymore
How to you get foreclosed on with 100k in the bank? doesn't make any sense
Because that was the remaining equity from the house at the liquidity event.
@@user-vz5du9db2b They got $100,000 from the foreclosure sale?
@@Arcwol I dont think u get money from a foreclosure sale. The bank gets it all.
@@suttsd No, the bank can only take what is due on the note. If there is anything leftover, it goes to you.
This story makes no sense.
love how he calls a 68 year old woman "kiddo"
She's a kiddo. She's less mature than he.
🤭
this video is for all the ppl that want to use their house as collateral for credit cards, cars and other loans!!! Pay off that mortgage and dont go back
I agree. This is a lesson learned for All of us watching this video, not making the same mistake as a 70 year old.
I lived in the St. Louis area for 18 years, Chesterfield is in the higher brackets for housing. She would need to move out of Chesterfield if she wanted to purchase a 150k condo. She should easily be able to find that.
I had no idea so I googled it and not only is it expensive for St Louis but for America. They just need to move further out to say Wentzfield or closer in to Richmond Heights.
It sounds like they didn’t put anything into their house in 40 years, neither repairs nor mortgage payments so they basically lived foe free for 40 years.
There's no point in looking back and regretting mistakes you can't undo. I've been there and it gets you nowhere. Just get on with it and make the best life you can from where you're at.
Good health, 100k in bank, have 95k annual income...go play golf 🤷🏿♂️
They make $100K a year and weren't able to pay off a $345K home in 40 years? Also, how can your home be foreclosed on if you have $100K in savings? Wouldn't you use that money to help? Something sounds way off here.
I bought a mobile home for 25k 4 years ago and 7 acres of land for 35. We start building our home in 2 years when we finish saving for it. On our own land that we have raised dozens of fruit trees and plants along with our young kids and many memories. I couldn't imagine having a home payment at 70. Im not taking anything with me out of this life. Im living it and staying as responsible as i can until i am 65. Then its all out bucket list checks.
Love how Dave overlooks the additional cost of a car, insurance, utilities, etc.
Why do I feel there is more to this story🙄
I mean her voice made me realise, so much. Watching this for the third time. I love how Dave wants to make them happy, that they got back the house.
I don't feel like we're getting the full picture of what's going on. They must have cashed out the equity in their home or did a reverse mortgage or something.
Probably repeatedly
Ramsey: very proud of you, very well done kiddo. You will be a millionaire by 80, thanks for your call
70 you don't need a big house just get a smaller nice house . People crazy
IM thnking aout my downsizing options and Im not even 40 yet. Its a reality with the way inflation is
An estimated $28.3 billion is lost to elder fraud scams each year, according to a recent AARP Study. It found that 72% - or more than $20 billion - is taken by individuals who are known to the victims, like family members, friends or advisers i.e. attorneys.
I don’t see the problem? You got income, pension and savings. Why do you need a house? Go live life. Can’t take it with you.
Many people get an RV and live in it quite cheaply.
@amelie ginkel Actually many live into the 80s so yeah 15 is possible. My grandmother just passed away at 99.
I don't see why Dave isn't recommending staying in the apartment. He's telling OLD PEOPLE who have lived a 95K 'holding onto debt and spending everything' lifestyle to live a 45k 'scorched-earth saving' lifestyle and save to buy another house.
Have you ever tried to get a 70 year old man to buy a different newspaper let along change his whole financial lifestyle?
Suuuuuure.
Joe Smith I’m totally with you...
Totally go to a fancy retirement home and live it up!!
I'm confused, she said they've been living in the house for 40 years?? And still not paid off?
Blames con artist lawyers (Plural). None of what she said fits the math.
And we ALL KNOW there is no such thing as a Con Artist Lawyer
There is con artist lawyers , but this story did sound odd. There's been multiple of them and how is her house not paid off after 40 years :/
She got sued, the lawyer couldn't get her out of it, and she lost the house? Now the lawyer is a con artist because he didnt win?
@@joshmiller3673 yep!
Josh Miller yes I thought the same thing her business maybe got sued and and the lawyer couldn’t win the case and lost the house and now blaming the lawyer calling him a con she seems like she’s entitled
They must’ve done a reverse mortgage
Hanna W Good thinking. I was wondering how they could owe almost the entire value after 40 years.
We had to talk family members out of that mistake. They make decent money in retirement, travel several times a year, and live very comfortably, but keep borrowing to remodel. Imagine our shock when they showed us the paperwork they wanted to sign on a reverse mortgage for their home! It is their money and they are generous, but we don't want them destitute because they couldn't budget.
@@eurekahope5310 Ahhhh ha! yes
My grandmother almost lost her home to a reverse mortgage because the house wasn’t kept up, taxes weren’t paid,and the homeowners insurance canceled; she couldn’t find another insurance company to insure the home so the bank purchased home insurance to cover themselves and paid the taxes for years. They then demanded a huge lump sum payment for those cost and called the city which condemned the home. Luckily my family got a volunteer attorney that represented them and she was able to sell the home for a significant profit. I’m sorry this happened to these people but at least they have the pension, jobs, $100 k and each other.
Hanna W Wow, reverse mortgages are worse than I thought. They sound like vampires since many elderly people will naturally struggle to keep up their homes. How atrocious to take the home of a person too old or infirm to maintain their home after telling them they could live there until death.
Eureka Hope Most older ppl are too stubborn to sell their homes and think that the bank will cut them a break. Also, most family members can’t or are reluctant to come up with the money because the house basically belongs to the bank whether you pay the past due amount or not. Luckily for my grandmother, she had the nicest house in an up in coming area so she was able to turn a profit. The only reason that she sold her home-was because the attorney and her doctor got involved and deemed her incompetent which allowed my mother to step in and force the sale. But yes, my grandmother almost lost her home to foreclosure. Reverse mortgages are horrible.
If you Still have your health you can regroup.
They're 70!😅
HOW COULD YOU HAVE A HOUSE FOR 40 YEARS AND NOT PAY IT OFF?
A). Kept refinancing and taking out cash
B) Paying interest only
C) Reverse Mortgage
BINGO!
or D) All of the above.
Am I the only one that’s stuck on the fact they had that house for 40 years and still owed almost 250k on it
Yep and didmt keep it up
They had 100k in savings but lost the house? How did that happen?? Or am I missing some details
NurturingTalents
now that makes sense
NurturingTalents no its not the equity of the sale of the house because they lost the house.
how did this couple lose their house because of a con-artist lawyer? specifically, I mean.
and how is the lawyer's lack of malpractice insurance relevant?
she drops these little comments but doesn't elaborate, which makes me think she's hiding something.
I get the feeling this couple was involved with something like a shady business deal that went bad, and they don't take responsibility for a lot of negative things that happen because of their bad decisions.
I guess if the lawyer was insured then she could have been covered for any financial damages? So the only option would be to sue the lawyer, but either if they can't or if he's broke then they're SOL. That must be why Dave didn't probe her any further on what specifically happened. If nothing can be done then why open that wound again talking about it? Would have been helpful to us if we knew more. At least I know to check that any future lawyers I hire are insured.
Somebody went to her for a mistake she made because the lawyer has no insurance. I assume they and the lawyer were in something together and he bailed out. What they were into I don't know. Did they miss a payment and said he'd keep the house for them and they wouldn't have to touch the savings to keep the house and they kept not paying the mortgage? That's the best guess accept for refinancing.
They did a reverse mortgage. Dave knows this and knows there’s no point in bringing it up. Damage is done.
Yeah...she is not telling all. I am sorry she has had this happen in winter of life. Time is what she does not have on her side. I am praying for them. .
You'd think at 70 years old they would have their house paid off by now....
Don't judge. That could be you one day. Nothing in life is guaranteed.
@@cashboy7406 she's not judging, you clown.
Most people would expect the same thing. Don't be intellectually dishonest.
You would think that at her age she would own up to her mistakes.
nattydreadlocks1973 That’s the biggest takeaway
God bless you Dave. You give good advice. I will be your fan for life! I have had several setbacks in my career recently over the past 3 yrs, but looking on the windshield instead of the rear view mirror has kept me on top. My life is getting so much better. Thanks to God.
When she started, I thought she was going to say she lost a $500k house almost paid off and got nothing. She STOPPED MAINTAINING the house and caused the value loss which left them losing some equity, but in the grand scheme, they lost the amount they could save toward a house in 3 or 4 years.
.
It not a crippling blow to their finances.
I cannot wrap my head around this. I’m so perplexed good thing Dave is good at this stuff
This episode is so great! Very encouraging on many levels! Thank you Dave, you encouraged me to look forward to my next chapter. It's got to get better!
@DaveRamsey. Please contact them and let them know If they were foreclosed they can contact whoever foreclosed on them and request the surplus from the sale of their home that was over whatever they owed. Its perfectly legal but no one usually contacts the owners to make sure they have the money they are legally owed.
You don't own your home until you pay it off folks. Its a liability, four walls that you sleep in. Even then you still owe taxes and insurance payments. Unless you can afford it, you in essence are just renting for the equity if/when you sell it.
my dream home is the house I can afford :D
It’s never yours just don’t pay those taxes and you will see who actually owns it.
You cannot own things that you pay taxes on year after year and if you don’t they take it.
You’re pretty much still renting from the state now if the bank is paid off
Don’t know how you can’t afford a home with 95K income. Everyone else’s fault but hers.
Matt Enderle Not in Chesterfield. She’s going to have to move the other side of the tracks which she’s not entertaining.
Nic E $6500/mo take home and can't afford a house? Sounds like a budget problem.
Nic E 😂😂😂hence the tears
Some missing details on what’s really going on. Money in the bank gives them the opportunity to downsize.
I’m actually seeing a lot more foreclosures and homes for sale recently. It seems concerning
I guess the bomb is starting to light up
House rates are at 3%. Housing prices are up
Ppl living beyond their means startin to feel the pinch?
Sandy : im 68 and my husband is 70 and we lost our home
Dave : youre gonna be ok kiddo
Stability, stability stability ... and low risk low risk low risk. I am 45 right now, not doing horrible but have my work cut out for me. During those times of my life when I have had financial healing, it has come during a season of stability .. everything the same day in and day out. You just need to be able to put together a whole lot of boring run of the mill Tuesdays to get strong again financially.
I am selling my home and buying a mobile home to put on my property that is free and clear so I can retire. I am so happy to be able to retire with a retirement and paid for property and home. Debt free looks so awesome to me. And retirement......OMG. AWESOME So blessed. Thanks Mr. Ramsey.
But gave a great plan for this woman. I'm impressed ..hope she listens.
40 years in the house and lost it? How is that? What went wrong???
Good advice Dave. Owning something out right is pretty awesome
Everybody is asking the same question. How do you own a home for 40 years and not pay it off?
40 years and wasn’t paid off?! Wow....
I want to hear the lawyer's side of the story. She probably refused to pay him for his services and he attached a lien on the house. They should have had the house paid off more than 10 years ago if they were paying for 40 years.
Imagine being 70 years old and having learned nothing during your life and blames evrryone else but herself. Forget her
How do you still owe over 60% on the mortgage after 46 years all because of a lawyer!?!?!? Something stinks here
Agreed.....and you notice she also said that it wasn't upkept, and no repairs made for a number of years....... (maybe hoarders or something since she said the lack of upkeep caused it to lose $100k in value)
I'm 70 live on a beautiful lake in a mobile home, taxes are $300 a year it's super quiet and I've half a million in the bank.
I never knew Dave ever went broke. Thanks for sharing! Respect!
Ummmm are we supposed to feel sorry for them ? 100k in the bank.. 95k household income.. only 5k in debt ?????? Those are pretty good cards! She’s not telling Dave something!
I would just rent, travel and enjoy. No one can predict how the next day is. My mom is 68 and dad was 73. One night my dad just heart just stop beating out of nowhere and left us without any warning.
im not a huge fan of dave, but i really appreciate his warmness and understanding towards this woman
Sounds fairly good except for the house foreclosure.. what the heck happened there? Kinda sounds like you had the lawyer "fighting" the foreclosure instead of you just paying it.
Hurts my heart to hear this....wickedness ...i hope this family recovers from this criminal
What criminal? You're taking what she says at face value. When you're still paying on a house after 40 years, owe nearly a quarter million dollars on it, have $100k in savings and nearly that much in savings, and you still get foreclosed on, I can guarantee you that's not the fault of some lawyer.
These guys sound like they lost their home to a reverse mortgage. Two big things which they can call the mortgage in on a reverse mortgage is: failure to pay the taxes on it or not maintaining the property.
245k mortgage at 68/70 with only 45k in reliable income.
They were bound to lose the hose at some point.
Im calling bs.
She left out like all the important information
That is why I rarely watch. It's all bull.
nattydreadlocks1973 Riiiiight
Dave, you are awesome, positive and real. Thank you for your Godly wisdom.
This story hits close to home. My parents (mid 60s) just refinanced again on their home they bought 25 yrs ago. Meaning, they will never be able to pay it off. It’s too big for them and won’t downsize. So my brothers, sister and I just watch on the sidelines. I’ll tell them to stay away from lawyers 🤣