Thanks for checking the records.

It looks more like she took advantage of the lenders than the other way around.

Trustees deed recorded in Feb and May 2008. So, being conservative, they have had these 5 months with no payments plus probably several more before that (or they would not have foreclosed.)
The sense of entitlement is astounding. I cannot believe anyone would be sympathetic if they knew these facts, along with those mentioned in Post 5.

You’re "Spidey Sense" seems to be working.  I have no idea how authoritative this is, but I found this comment on the OB Rag Blog:

I have no sympathy. Channel 8 reported a more complete story. She refinanced and used $300k+ in a business venture that failed. According to sources readily available online, the house was offered up for auction one year ago with an estimated default of over $633k, and the original sale price when she and her previous husband bought it was $198k. She styled herself a foreclosure and short sale specialist.

And in case you haven’t guessed, yes, she’s a realtor as well.

Igor hits it again. He says “dumb”.

The time that a “refi” turns into a “tragedy” is when cash is extracted. Otherwise, it generally reduces payments, especially if you have owned it for 19 years. sounds like someone couldn’t keep their hand out of the cookie jar. In that time, you would have amassed a 75 or 80% home equity if you did not cash it out, considering California’s appreciation.

Boo hoo. the only tragedy here is the journalists’ ignorance of the truth to tell a story. Mira Mesa may look poor on the outside, but for what you could have sold a house there for, you wouldn’t have known it. Remember, this is sandwiched between Del Mar, Carmel Valley, and Poway. Very, very rich areas.

Chuck Ponzi

Igor says “outraged” and I agree.

It’s just hard to say, isn’t it? Did she take her equity for vacations and unneeded expenses, or did she have to use it to cover medical bills? She can only become a “foreclosure specialist” in the past couple of years, did her past business fail on her?

There is simply no telling.

I think most foreclosures over the years have been because people were victims of circumstances. Disability, unemployment, etc. These aren’t things that are usually people’s fault- they just happen.

Now though, everyone is quick to blame the banks and “subprime lending”. Then as “victims” of the banks, they feel the banks owe them something.

Yes, there were victims of predatory lending, but I still believe most foreclosures were simply the result of a bad bet on the future of home prices.

Whatever happened here, it doesn’t appear to be the result of predatory lending.

Wow. To an extent, I’m at a loss for words in regards to this video. Without knowing the specifics, I can only say that the whole thing seems rather tragic.

She is one of many who are struggling in the face of these economic times.

Unfortunately, I do believe many Americans were taken advantage of during the long-lived “subprime” party. With that being said, many Americans could have helped their circumstances by taking the time to educate themselves to a greater extent.

Th ironic twist with this video is that it states that this woman’s business specializes in avoiding foreclosure!

God forbid, she may have just lost her business too! In lieu of her current circumstances, who in their right mind, after seeing this video, is going to call her to request her “avoid foreclosure” services?

Again, wow! Thanks for sharing.