Originally Posted by
horsepwr
They're doing some stupid shyt right now. Like someone that got in a home before the big housing inflation, so this family had a nice home with good equity and so on. They decide to use some of that equity in these difficult times, and the snakes at the bank realize they have at least one house that's worth more than is owed, so they, the crooks that do the lending, pull a nasty trick to take that home. and take that home they did, because of one day late on the first payment due after the refinance, yes, you heard right, 1 day late. and not because they didn't have the money for the payment, but because they never received a payment book, bill, or brick & mortar address to send payment. not even a live person to speak to. But of coarse this guy never thought he'd loose his home over 1 late payment. He learned otherwise. 1 payment, 1 day past due. I bet if he had overpaid for the house like so many over the past 5yrs, they'd still be in it. But somehow things work out for the better when you least expect it. I know it was hard for this guy to see any light at that time, but he now has his family in a bigger, nicer, newer home that they're happier in.