THESE people bought a house in the heart of ENGLEWOOD, and are regretting it now. That the boy only got his ass kicked once is a miracle. Now the ass-wooping might cause them to foreclose on their "dream home". Seems more like a nightmare to me....
Foreclosing on a dream
'I WOULDN'T WISH THIS ON MY WORST ENEMY' | Subprime loan and a run of bad luck have left Theresa Adamovitz with mortgage payments that she can't meet
December 10, 2007
BY KARA SPAK Staff Reporter/kspak@suntimes.com
Theresa Adamovitz had one thing to do before putting up her Christmas tree this year: File for bankruptcy.
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The modest home in the 6100 block of South Loomis was a dream come true for Adamovitz and her then-husband when they bought it in 1997.
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She totaled a car she still owed money on. Her job switched to hourly pay, costing her $500 in monthly income. Her son got mugged, needed surgery and lost his job. Her ex-husband didn't make his payments on the loan. The adjustable rate mortgage kicked in, jacking up the monthly payment to $1,853 from $1,175.
Buying something in the wrong neighborhood is a bad mistake no matter what.
1 comment:
one should try to find a neighborhood where the people behave in a civilized manner.
they should have watched the movie OMEGA MAN to get a feel for how things might go.
idiots !
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