Saturday, July 31, 2010

Foreclosures Hit Close To Home

Via The Other McCain.

Stogie at Saberpoint is going through a tough patch.

Our savings kept us afloat for a year. When it was gone, I borrowed the equity out of my life insurance. That's gone too. We were hoping to ride out this recession, to survive until it was over. However, it is the longest lasting and deepest recession I have ever seen. And I remember when Eisenhower was president, to give you some perspective. (Okay, okay, I actually remember when Truman was president, but I was VERY young. Practically a fetus, mind you.)

It's just a matter of weeks before I lose my home. I never, ever thought I'd be in such a predicament. This happened to other people, sure, but not to me. I am a college graduate and a CPA. Accountants were supposed to be immune from unemployment. Not any more. The fact that I am well past 50 doesn't help. Seniors and new grads are the hardest hit.

Be sure to read the entire thing.

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