I am a statistic. Soon you will see my name in the back of the
paper in the fine print of Public Notices. I have decided to let my
house go.
After working my tail off for seven years as a single woman… it
is time. The economy and lengthy unemployment have taken their
toll. Thank you, no phone calls of how sorry you are and it isn’t
really a sad day anymore anyhow. I have struggled trough the moral
issues and have ended the self-deprecation.
You see after looking at it, it simply made sense for my own
preservation. I lived in my home, mostly alone for seven years.
When I moved out of it for life changes, I put it on the market and
used it as a vacation rental. I was creative and aggressive. When I
did live there I found roommates from time to time but more often
than not at some point they found themselves unable to pay rent. I
let them stay anyway. It seemed more important to offer someone a
place to live than it was to chase the dollar. Was this a bad
business decision? Probably. Was this a decision for humanity? I
think so.
On a note of roughly $290,000 the mortgage company received
$237,000. Now they get to keep the $237,000, they get the house and
they get your money and my money from the federal government in the
form of a bail out. While yes, I did sign the paper, at this point,
with those details, I don’t feel immoral.
The bank will more certainly be “made whole” and then some. My
question too inside is if it is a well-collateralized loan, the
house is not upside down why do they get to keep everything and all
I walk away with is horrible credit? Not a single person associated
with them had an ounce of humanity when I tried to work with them
and tried to MAKE IT WORK.
When I finally got the cure figures the fees tacked on were so
outrageous that it was clear they did not at all want to “work”
anything out. It was laced with punishment and burden. How can they
get “forgiveness” for bad lending practices from the federal
government and not be required to extend forgiveness of any kind?
So after enough battle and fight — I quit. It was time.
It leaves me feeling discouraged though and jaded. In the last
days of this ordeal was made I found myself never wanting to owe a
single penny to another company ever. It made me feel as though my
government didn’t care about me and it made me feel, well, like I
am being robbed a bit.
My humanity is intact. I will give to my church, I will rescue
stray dogs and I will help little old men whose cars won’t start.
But it makes me want to quit playing the horrible game that seems
to be required of us in our over taxed, over regulated and under
represented country. There is no real way to secede, but if there
were I would explore it. The “good guys” aren’t good anymore and it
makes it hard for those of us who want to be.
Sincerely,
Kyle Fenner
Former home owner
Teller County