Overcoming Foreclosure » Links http://overcomingforeclosure.com Resources for preventing foreclosure Mon, 16 Mar 2009 01:28:02 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 Real Life Foreclosure Story: Living The Good Life http://overcomingforeclosure.com/real-life-foreclosure-story-living-the-good-life.htm http://overcomingforeclosure.com/real-life-foreclosure-story-living-the-good-life.htm#comments Tue, 11 Sep 2007 13:25:54 +0000 OC http://overcomingforeclosure.com/real-life-foreclosure-story-living-the-good-life.htm Dr. Housing Bubble Blog has an interesting anecdotal story about the whole foreclosure process about a couple in California that recently had their home seized. It sounds like a story of a family that lived the high life (they had $25k in credit card debt and two car loans for two new luxury cars) and it came to a crashing halt when one of them lost their job.

The real story is the fact that they were over-extended, caught up in enjoying life, and didn’t have a backup plan when their rate reset and the husband lost his job. Could they have sustained their lifestyle without the hike? Probably not.

Anyway, it’s an interesting read and a bit of an eye-opener.

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