Monday, 07 June 2010

Written by Teresa Beougher

1 Comments

So it seems to me every new article that comes out in regards to strategic defaults these days needs to bring up the “morals” of the situation.  I find it comical in the sense that, the banks, mortgage brokers and the likes didn’t seem to take “morals” into account when they started lending money with the creative loans and such to anyone basically who could sign their names and in some instance if they couldn’t sign their name there was someone else that could do it for them.  When you do a mortgage loan with no documentation and give thousands of dollars to Joe Somebody that didn’t have to state any income how’d ya think that situation was gonna come out?  Where were the morals and ethics there?

Thursday, 13 May 2010

Written by Teresa Beougher

3 Comments

My thoughts turn daily now on the belief that We, the American People are being held hostage by the Banks, Wall Street, The Federal Reserve and The Treasury as well.  I’ve read several articles that are implying that perhaps the 1000 point drop on the Dow wasn’t because of someone’s “fat finger”.  Currently there are many “theories” as to why and how this happened.  Hell, even Congress is holding a hearing to make sure this doesn’t happen again.  Even though I am technically not a conspiracy junkie, I am left to ponder that perhaps this wasn’t merely an accident and that the clear and concise nature of this action was to send “The message" of whom the Masters of the Universe truly are.

Friday, 09 April 2010

Written by Teresa Beougher

7 Comments

So the foreclosure story here comes to and ends on 05/12/2010. That’s the date of the sheriff sale. I had thought more time would pass however; my thinking hasn’t gotten me very far in this life so I’ve decided to stop at least for the time being.

The hardest part of this entire mess is knowledge that you made a HUGE financial mistake and in trying to rectify it, you managed to actually make it worse. Having that baggage on your back just makes the journey that much harder. Not to mention, trudging down that road by yourself when you and your spouse have pulled away emotionally from each other adds to the agony.