Megan fights foreclosure in Culver City CA

[prac2]

when the house prices tumble, its time for us renters to buy...

[mrhowardb]

Such harsh comments...My goodness.. Anyway, Thank you Megan for sharing your ordeal. Maybe it will help others overcome their current situation....

[mforce1]

Sorry...she lost credibility, for me, when she stated she had a credit score in the *900s*

[conworldus]

I thought 850 was the max credit score.

[le238man]

Credit Score in the 900s? You frigging liberal airhead, Do you think were all stupid? Fucking idiot!

[MrCovering]

This lady should find a nice 2 bed room apartment for her and her daughter, With a 100k a year salary she could live decent in Culver City. With her income she could easily afford a 2 bed room for about 2500 hundred a month.

[dijornopizza]

hold on she makes that much money and dosent have dental insurance?

[mrhowardb]

@dijornopizza .....That is COLD blooded......

[Gunnarsguns]

I bet you could buy that $850.000 house in California for $150.000 in Missouri or some other place the greedy white yuppies havent ruined.Screw all you idiots in California.

[gamehound83]

@Gunnarsguns How's the meth problem in Franklin County?

Their is a trade off in cheap housing in Missouri

[84Kilroy]

Time to find a 1978 Fleetwood trailer in a

trailer park and tune into the god of Issac Abraham and Jacob, with Jesus help we will

prevail.....

[jamesjatkinson]

She borrowed way, way too much for her income level (there's a second loan in there too!) in an unstable industry known for strikes, booms, and busts. The good news is that renting is getting a lot cheaper in LA what with the glut of homes and condos on the market. My heart goes out to her but If she's still got that job, she'll be in good shape in a few years... just stop borrowing and live within your means!

[He101A]

Don't over leveraged. The bankers are not there to help you. Try not to borrow too much to buy anything. Instead of buying a BMW, buy a Honda Accord. Instead of buying a $500,000 house, buy a $150,000 condo. Then, save your money, and invest it. In a few years, you will have money to buy something better.

[jackinla8]

She was living debt free, making a 6 figure income, why not buy a less expensive house, and save your money

for the lean times that are an absolute in that line of work. We all have to live more realistically -- and defensively. Caveat emptor -- "Let the buyer beware".[

[cds162]

we the poeple lose again.. the banks win... they don't care about us..

we lose... such is the way of life

[noirgazette]

Some of you are missing the point. She was making good money to afford the house, but the writers' strike screwed over her income. Whether you live in an apartment or house, if you lose your source of income, you will not be able to pay for it. If some of you posters lost your job today, you would probably walk away from your house as well.

[161803]

@noirgazette no, you should not finance a house @ much more than 3.5x your annual income. she said $111K was a good year for her, so she should not have gone anywhere north of $400K.

[yuhavinit1]

acorn people are suppose to be mental. they are the only ones who are fighting for what is right. loving your neighbor is good. that's acorn

[yuhavinit1]

you did good, but i'm sad for us all who fall under the preditors. they have the cash, they have the law. we still have to fight

[qrs11]

This was very well and bravely delivered in a very difficult situation. Initial problem is income from her line of work can be unpredictable even in good times. Second, 800k loan is a whopper and too much for this income level.  Both factors leave her very vulnerable to unforseen expenses (medical, etc..) and income dips, which combined have shot her down. She's given it a good go, but now time to let go.

[jepp5000]

I used to be a resident of Culver City and I loved it. I know that they have excellent schools, and overall the city is safe. I think that her investment was great. I Also find it very unfortunate that her toddler is battling a immune disease as such.

[djrobsd]

I hate to say this, but you really should have done the math before buying the house. You make somewhere in the low 6 figures (a little over 100k) per year, and you're buying an $800,000 dollar home?! Honey that doesn't add up. Walk away from the house, and let go of the stress and start your life fresh and new again.

[pineapple1969]

I agree. She should of bought a $400,000 home and invested the extra money so when a financial crisis like her daughter's medical bills came up she wouldn't feel overwhelmed.

[He101A]

Read the fine print when you borrow money. Borrowing money from the bankers is like playing with snakes. Sooner or later, you will get bitten.