My House Is About To Be Foreclosed On! (What Should I Do?)

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2 янв 2023

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Комментарии : 619

@sunsetlane3924 Год назад

$1052 won't even get you a one bedroom apartment in my area. A house for that price is a steal.

@samh5218 Год назад

That about what I am paying for a two bedroom little townhouse with a garage and my own little backyard. If I were to sell it and rent I’d be paying more then or around that for a one bedroom.

@CarnivoreStork Год назад

Plus he can find another roommate. I seriously don’t understand his problem.

@blackworldtraveler3711 Год назад

@@CarnivoreStork Some people don't want or trust roommates. No way I would buy a home I could not afford to have roommates.

@redfox_84 Год назад

It's Alabama. ~200k house is why his mortgage payment is what it is.

@CarnivoreStork Год назад

@@blackworldtraveler3711 Back in the ‘50’s-80’s everyone had roommates starting out. But I would agree now, it’s becoming harder to trust people.

@javiervazquezz Год назад

Giving up on a 1k payment monthly for a home is a joke. You’re gonna be in a worst spot if you try to get into an apartment.

@larrybarbee4916 Год назад

Yup, same thing I said. I would be doing whether I can to catch up on the payments.

@Bertuzz84 Год назад

Yeah i never understood why they always want to sell the house and rent. I mean they obviously come from a place where incomes are high and house prices are low. So being priced out of the market isn't even on their radar. And on top of that, going back and forth between buying and renting is a huge money waste. It costs way more than being behind a few mortgage payments. Myself i'm living comfortable in a house that's got under a 50% debt ratio, and that i would be priced out of buying today. Because the average house price is 11 year salaries where i live.

@econocarr 11 месяцев назад

He still might keep it. Dave gave him options to catch up but if his life is unstable worst case scenario he pays half the house and the bank repossess it anyway next time around and you are left with nothing. I wonder if his driving expensive car or has any other debts that may hinder the plan to keep house. We needed more details.

@AndroidDigest 10 месяцев назад

He bought it less than a year ago. He can sell it, make some money, save up more money and get in a better financial situation. He gave him multiple options, but it's clear that there are cheaper rents out there. I ran into one bedroom apartment for like $500 just a few years ago. Yes it was small, like 500 square feet. It was in a decent part of St Louis. Not the most beautiful neighborhood but not the worst. There's plenty of lowering areas he could rent from and save some money if he really wanted to. It's clear he's in a desperate situation though and he can always save up and get another house

@ecclairmayo4153 3 месяца назад

@AndroidDigest - Exactly. He can't afford the house right now but in the future he might.its best sell

@dianecelento4974 Год назад

You're paying less than you can get an apartment for. Keep the house anyway you can.

@dianecelento4974 Год назад

@@ericcarlin I got that. On another comment I recommend he apply for mortgage relief to get caught up on his missed payments. He can then then fix up his house.

@craigslistrro709 Год назад

@@dianecelento4974 I agree with this..

@Bnhuskins Год назад

You’re not paying less especially in this situation. He should try keeping the house but he will pay more in the short term over renting.

@blackworldtraveler3711 Год назад

Actually he is not. He could rent cheaper and pay less each month to heat and cool. Look it up.

@patty109109 Год назад

No he’s not. His house needs work he cannot afford. And it won’t stop there, either.

@jimmymcgill6778 Год назад

If he cannot find a rental for less then the mortgage, he should not sell. He brings home 4k a month. He can afford to keep the house.

@milleniumann28 Год назад

Exactly I doubt he can find a rental for cheaper.

@Yaya-cl3tu Год назад

After taxes, he does not bring 4k home per month. 48k is peanuts, honestly.

@jimmymcgill6778 Год назад

@@Yaya-cl3tu I assume that is take home. Because he always ask for take home pay.

@GwenMotoGirl Год назад

$48k gross does not net $4k per month. Not even close.

@jimmymcgill6778 Год назад

@@GwenMotoGirl 48k divided by twelve is 4k.

@JK20239 Год назад

Guarantee he has a truck note of 1000 a month. Got to have that Silverado, f150 and or tundra

@evelyndaisy9722 Год назад

And an expensive wife or girlfriend 😂

@trainsandlocomotives Год назад

@@evelyndaisy9722 yup

@ceciliapetrowsky2572 Год назад

I’m shocked that Dave didn’t ask him about that.

@dknowles60 Год назад

@@ceciliapetrowsky2572 me too

@blackworldtraveler3711 Год назад

Yup there’s something he’s not saying.

@hanghad7645 Год назад

Very cheap mortgage payment. He has some other issues like spending habit with debt

@wldktz1 6 месяцев назад

His take home would only be around $2800 a month. He’s missed approximately 10 24hour shifts. That’s a $4000 hit to his finances.

@garrettmesser3977 Год назад

I paid $1100 a month mortgage when I was only making $30k a year. It’s doable if you’re responsible with your money.

@OUTDOORS55 Год назад

Same👍

@tezh5897 Год назад

Thats REALLY tight man! Literally no room for error when making that kind of payment with that kind of income.

@ecclairmayo4153 3 месяца назад

@@tezh5897- exactly. Plus all of the repairs and maintenance. He can't afford this house

@r8alvar Год назад

I bought mine for 81k in 2012 and paid it off in 2021. now it is valued at 240k. I can't imagine going into debt for the prices of today.

@adamr.kalucki4347 Год назад

Houses here in nyc are one million.

@r8alvar Год назад

@@adamr.kalucki4347 that is insanity.

@galupproperties3098 Год назад

I paid 52k in pa 2015 from my uncle who didn’t wanna do the improvements needed to sell the house. Lol. It’s 750 square feet.

@r.n.321 Год назад

I work in the Emergency Dept as an RN Educator, and EMTs/Paramedics should be paid way more than what they currently make,, they honestly do alot on the field prior to bringing people to the hospital. Unsung heroes..

@dknowles60 Год назад

48k is good pay in huntsville area

@EmpressMermaid Год назад

I fully agree. They are some of the most underpaid members of the Healthcare team and a very vital part of it. The work is also both mentally and physically exhausting and PTSD is common.

@blackworldtraveler3711 Год назад

It's not a big expensive city.

@dknowles60 Год назад

@@blackworldtraveler3711 wrong i live apx 70 miles away you dont

@KatrinaTrys Год назад

My husband is a paramedic and I agree 💯...

@midkort Год назад

Calls like this remind you why Dave is on the air. Thank you for all that you do, sir.

@davidloughrey4841 Год назад

No kidding!! Can you imagine this same call with if it was just Jade and George??!!

@thefogandthewhirlwind Год назад

Great will be his reward in heaven

@midkort Год назад

@@thefogandthewhirlwind Amen!

@JasonGroom 6 месяцев назад

See and to me, it is calls like this that makes me realize he should be ready to retire

@profitmix441 Год назад

Dave is about to buy this guys house and he’s going to pay 1,500 for rent

@mciti2594 Год назад

That payment amount is unheard of these days. I’d do whatever it takes to save that house. You can do this!! 🙌💪

@Bibleguy89-uu3nr Год назад

It’s not unheard of he has a 30 year.

@mciti2594 Год назад

@@Bibleguy89-uu3nr It is considering interest rates have gone through the roof now.

@IRLSuperb Год назад

And I was complaining that I’m paying 1200 on mines but it is worth a lot more than he’s at 260k . things have gotten tough when it comes to mortgages nowadays

@albertopazos6581 Год назад

He said ugh for 1985 house lol my house is 110 years old and thank god still standing very strong

@jimmymcgill6778 Год назад

Mine is one hundred sixty two years old.

@catholicfaithofmine2664 Год назад

Mine was built in 1954. We've done a lot to it as I still had original sinks toilets and bath. I save money then do the repairs. I don't go into debt making the repairs

@goodgirlvicki Год назад

My house is 75 years old lol but my brother and I had to do some updates on it.

@cutlerylover Год назад

Mine was made in the 80s too but has sever animal damage so my electric is FUGGED...Its not always about a house not being built well...BUT my wifes mothers home is over 100 years old and has plenty of life left :)

@superblump87 Год назад

Dave had that reaction because the house isn't very old and he knows it shouldn't be having insulation issues. Could be a sign of poor quality that could lead to other issues.

@choiceeyegheleme4297 Год назад

Dave should have asked him about other debts. Four months behind is a lot for someone employed.

@user-zu2bw7ig5v Год назад

Exactly what I was thinking

@dimediamond Год назад

Hope he can pull through and save this home. Sending positivity his way.

@Gruuvin1 Год назад

@@JC-du6sn is that better than "sending positivity"?

@trainsandlocomotives Год назад

And hopefully learn from this

@oldbloke204 Год назад

@@JC-du6sn Why?

@donnaatienza8001 Год назад

Me too.

@donnaatienza8001 Год назад

I sure hope this young man won't end up losing his home! God bless him!

@mamaneedsagrande Год назад

Having a 3-6 month emergency fund could’ve prevented this. If he got sick and couldn’t work for a while having an EF would’ve provided that cushion. Sounds like other debt is in play here as well.

@alinatamashevich3354 Год назад

He got some baby momma payments or a big truck....or both

@littleripper312 Год назад

@@alinatamashevich3354 He's 23 so I doubt he has baby momma payments. He's made some very poor financial decisions and got himself into a hole. He's 23 so it will be okay, he has time to change and learn.

@OTOWN2STOCKTOWN Год назад

That name tho

@alinatamashevich3354 Год назад

@@littleripper312 Yes young men are very responsible . My mistake

@shaynesbuzzworld3391 Год назад

@@littleripper312 I’ve known a 23 year old man with baby momma payments monthly to support two kids after the divorce.

@harrydiaz8122 Год назад

Horrible advice, it’s a budgeting issue not a house issue. He’s gonna pay the same at an apartment

@tvrecepion Год назад

I’m less than half way through this video, and there is more to this story than the caller is revealing.

@christians131 Год назад

The first thing I’d be trying to do is rent out rooms on top of working extra hours. I’ve met a few people who’ve done kinda extensive (in my mind at least) renovations with some borrowed tools and RU-vid university

@jimroscovius Год назад

He just has to quit eating out and going out with his buddies.

@unfairsanic5089 Год назад

He can still go out with his buddies but leave the card back home

@rodneyscott7108 Год назад

You have no idea what you are talking about. You don’t know if he parties too much or tithes to his church. Or if he eats out all the time or helps other family members financially. Of course it is obvious from your comments that you are not trying to be helpful or supportive to the guy, who is, after all, a first responder, who works long hours to help keep people safe. Seems like a little compassion might be in order.

@edhcb9359 Год назад

If I honestly thought giving this kid $4200 would solve his problems I would give it to him so he wouldn’t lose his home. But there are other hidden issues there.

@Chieffg Год назад

i just checked and 1br apt in his area are renting for more than his mortgage payment....he should keep the house and try to get current cause renting is worse !

@jimroscovius Год назад

It sounds like he's making excuses. You should never have bought a house.

@stevenporter863 Год назад

$1,052/month mortgage at his salary? There is more to the story (debt) than he is saying.

@april4657 Год назад

He's 23, he has time to learn from this

@jimroscovius Год назад

@Steven Porter That's what I was thinking. I was laid off four times while my mortgage was over $1100, and still could pay it.

@codegeek-il5fm Год назад

FHA only requires 2.5% down. I know we want to help Vets etc but that is way too much risk to take. if you cannot put 20% down on a house, you should not buy that house.

@DJ_Patent Год назад

Well he bought it. How’s that help now?

@ripwins Год назад

THIS IS THE 1ST OF MANY FORECLOSURES CALLS....THE RECESSION IS HERE🥺

@dknowles60 Год назад

this one is fixable

@mapachehombre1581 Год назад

If you owe the bank a $100 your in trouble if you owe the bank a $1,000 the banks in trouble

@amireallythatgrumpy6508 Год назад

If you owe the bank $1,000 you're still in trouble. If you owe the bank $1,000,000 then the bank MAY be in trouble.

@Chinunit22 Год назад

1052$ for mortgage? Wow!!!

@redfox_84 Год назад

That's normal for a house that isn't 400k+.

@Chinunit22 Год назад

@MrBean Living in Colarafonia Denver average mortgage rate here is over 3500$

@OtisFlint Год назад

@@redfox_84 Depends where you live. A 2 bedroom here is $2500 minimum.

@antinormality Год назад

He’s only $4,200 behind and it was due to a temporary situation. He can pay off a $4,200 debt and keep his house. Next he should work the baby steps and get the rest of his finances in order. I don’t think the house is the problem. I think the debt is the problem. Getting a roommate or two would also change the situation for the better.

@donaldlyons17 Год назад

Roommates with too little money or no money might make it all worst. In my experience people want to rent rooms because they need a place to stay not because they just want a room... The need creates issues in part because ability to pay is not linked to need.

@karinalopez1225 Год назад

I'm pretty sure that it is way more than $4,200, you are forgetting late fees, maybe by now attorneys fees if they already started the foreclosure process and sometimes even if you have insurance they will add insurance. I know this by my own experience.

@djpuplex Год назад

Can't make $1052 a month. Wow rent would be spot higher.

@Epidombe Год назад

But likely not as expensive as the heating and cooling on a house with noticeable air leaks and power surges breaking your electronics.

@dknowles60 Год назад

@@Epidombe wrong

@Epidombe Год назад

@@dknowles60 care to post proof of that?

@dknowles60 Год назад

@@Epidombe you dont live near the area i do

@donaldlyons17 Год назад

@@Epidombe Wow that is scary but a serious issue at the same time.

@ccjdis Год назад

Try to keep the house. It will be best for you even though you cannot see it now.

@reesercliff Год назад

if he can't afford this low mortgage payment what makes dave think he can afford to pay rent?

@superblump87 Год назад

If he can't afford the mortgage payment then he definitely can't afford repairs. Renting is less expensive.

@blackworldtraveler3711 Год назад

He has better options with renting something as small as a studio apartment with only an electric bill than stuck with a large house he can't afford with multiple bills.

@redfox_84 Год назад

It sounded like his house needed major repairs.

@dknowles60 Год назад

@@superblump87 not in huntsville

@superblump87 Год назад

@@dknowles60 house repairs are free in huntsville?

@blakegarritson1056 Год назад

23? He sounds like 40?

@patty109109 Год назад

Pro tip: houses are not a blessing if you’re living on the margin

@lyndaslocs Год назад

It seems like he should be able to pull this off. He's got a solid career. New houses can have nasty surprises in spite of having passed the inspection.

@kbanghart Год назад

I'd much rather have a newer house than older

@klintous Год назад

@@kbanghart his house was built in the mid 80s, that is on the side of a newer property, relatively speaking.

@jcfisher4988 Год назад

@@klintous uh uh, house in the 80s are almost 40y ears old and could have any combination of problems that arent cheap

@travisjames9292 11 месяцев назад

This is the truth. We got our house. Everything passed inspection. Bought in the fall, the septic failed in the winter, and the dog blew her knee out. Then, our daughter was born the following year. Between the dog and septic, it was 35k. Then, 2 years later, she blew out her other knee. 😅

@HairyTornado Год назад

I don’t think the house is the issue. I mean if he sells it he still needs a place to live and I doubt he will find rent for much less than his payment is. He just needs to work more and get on a budget.

@donaldlyons17 Год назад

No he seems to have an income vs. expenses issue but in some cases it can't be solved easily.

@barnabusdoyle4930 Год назад

I’ve always wondered why medical professionals work such unusual and brutal shifts.

@MexicanWorkEthic Год назад

I know homeboy is in AL but $1100 a month for a mortgage is not bad at all. Don’t know why Dave didn’t ask more about his debt and budget. He likely can fix this and keep the house but more needs to be asked.

@fxdnny Год назад

Haven’t heard these type of calls in a while.

@Epidombe Год назад

Im glad to have a break from “hi i have 1200 in debt only and im trying to figure out how to tackle it.” And by the end of the call they disclose that theyre 80k in the hole with a 400k mortgage. Making 37k a year a toothbrush cleaner

@hbarudi Год назад

Try to keep the house unless you can find an apartment for less than $750/month.

@chucklarry1726 10 месяцев назад

No money, no government help, and no help from family about to lose our childhood home need prayers please God bless.🙏 😢

@amtraker Год назад

Jade brings in a great energy to Ramsey... love it !!

@Jaystyr424 Год назад

EMTs definitely deserve more money. Having said that, what is wrong with this guy!? It's relatively easy to pick up overtime in this field. There is a huge need and this guy needs to hustle a bit more. It's really not that difficult

@gessrinky9129 Год назад

Man if I was about to lose my house I’d strap an N95 on and head to work….

@markhoffman Год назад

Legend has it, after the call the gentlemen bought a timeshare in Hawaii.

@markmurrell1894 Год назад

First time I've ever not heard Dave ask, "how much is your car payment?" He may have a 600 car payment.

@jackiemehauff66 Год назад

sell the car for a cheaper one. Dave 101

@CroisMoi Год назад

I think having other people on with him is very distracting. All they do is agree with him anyway.

@georgiesmith106 Год назад

He’s trying, plus he is 23 years, he needs good mentor. Get roommate…

@unfairsanic5089 Год назад

Bad idea to get a room mate. He can live by himself

@blackworldtraveler3711 Год назад

He need a home he can afford.

@georgiesmith106 Год назад

Why would getting roommate bad idea…?

@georgiesmith106 Год назад

185,000$ dollars house is very affordable house on his salary.

@UseYourManners123 2 дня назад

My husband, a nurse had Covid, he was almost dead, he was in hospital for 2 weeks and sick 2 before and after he was on oxygen for 3 months couldn’t work, I took care of him and our little boy. He finally was able to recover and got another job. Them he got Covid again he was weak, lost so much muscle, he missed more work then had to get another job then again he got sick! We were able to defer payments. Thank goodness. My house was purchased as a foreclosure at 90 I put down 20. It’s now worth 200-250. We now owe it 50! It was close !

@kennethkoppel1934 Год назад

In the same boat, but did construction and got too far behind to recover. Just trying to get ready to restart

@Teamshmo Год назад

He only needs $1000... Where is he spending his money? He has a three bedroom house too. Get two roommates for $500 a month each and you can make the payments again. Work at McDonald's on the weekend and you can get caught up on the behind payments and not even touch your first job's income. If this was needing an extra $5000 a month like it would be in an expensive area things would be a lot different, but his current situation can be solved without selling.

@JK20239 Год назад

2022 f150 . 800 dollar note. 300 dollar a month gas and 200 dollar a month comprehensive insurance.

@annarebecca3384 Год назад

No, his payment is $1052 per month.

@harrydiaz8122 Год назад

Agreed, Dave gave horrible advice. It’s a budgeting issue not a house payment issue. He’s gonna pay the same at an apartment.

@donaldlyons17 Год назад

@@harrydiaz8122 He might not be able to afford the repairs AND the other expenses so looking for a cheaper solution might be faster than trying to afford what he already can't.

@dannelson9124 Год назад

I'm sure he has other debt the house is not the problem.

@probablynot1368 Год назад

I agree. He must have been dependent upon having roommates to help make the mortgage payment. The drafts in the house and the electrical issues probably help drive the roommates away. Sounds like he bought the house without having an emergency fund.

@blackworldtraveler3711 Год назад

Bought a home he couldn’t afford laced with FOMO.

@jackiemehauff66 Год назад

He can move in with you. Where is he going to live for $1000 a month? mom's

@joshw7415 Год назад

Agreed

@donaldlyons17 Год назад

@@jackiemehauff66 Depends on how cool your landlord is. The people that used to leach off me were only asked for 200$ each month per person and rooms back then were going for about 400$ per room at the minimum (500 to 600 more typical) so if the landlord offers him a place for cheap it might be a great opportunity.

@3rddegreeburns494 Год назад

Why sell the house? $1050 mortgage is probably cheaper than renting an apartment. I don't see where his money is going with just missing some work. No savings? Must have a car note that's sky high.

@nephetula Год назад

Can't make a $1050 house payment while making $48k? Hoo boy...I think there's an awful LOT we're not being told here. (He's been slacking on the 4+ days he has off every week.)

@kayn2756 Год назад

He is poor at managing his money. He makes enough money but he is immature. Even if he sells and move to renting, he is still gonna be facing eviction. 48k and can't afford 1k a month?

@donaldlyons17 Год назад

Well depends on what the issue is.....

@anacorreia8058 Год назад

No excuse for not being able to pay rent/mortgage if you make 4x the rent/mortgage, none

@donaldlyons17 Год назад

@@anacorreia8058 Well you do realize there are people out there who have bought some stuff at such a high price they can't pay right? I used to live with one dude who made 600$ and he could not pay 200$ often. And another dude made at least 800$ but also could not pay 200$ (because of child support). So those two are proof making multiple time the rent amount does not make people able to pay!!!! Nothing personal but you seem to think in theory not in reality.

@pawelwisniewski6849 Год назад

@@donaldlyons17 in reality you don’t do business with people that make $600 or $800 a month , they should make this per week or more

@donaldlyons17 Год назад

@@pawelwisniewski6849 Well income is income. It is not like everyone is making 600 to 800$ per week!!!! You do realize someone making 2000 per month only makes 500 per week? And plus places to stay have been getting more and more expensive and it is also possible to make less than it cost to break even anyway.... Also talking about what people should be making has little to do with what people do make but the point was that there are factors besides income that effect ability to pay. Beggers can't be choosers....

@plants4thewin Год назад

I like that "Its not to abuse the system, its to give you peace while you GET YOUR SH&% together"....thats not how he put it, but I think its a good message.

@13soaringeagle Год назад

If he got sick because of his job he should have been covered by Workman’s Compensation. No reason to sell the house to only start paying 50% extra for rent. Why can’t he get roommates now? A 3 bedroom for a single guy is too much house unless you are house hacking

@dknowles60 Год назад

also has sick time

@leatharay3565 Год назад

Has to be an injury

@DoctorSmartyPants Год назад

Not so great insulation in the attic and electrical surges are not going to be found on a standard home inspection. The surges are likely not stemming from the house anyway. Homes do not have power conditioner on them. Surges come from your power company.

@A.--. Год назад

Ramsey Realtor is going to sell it to Ramsey.

@jackiemehauff66 Год назад

lol TRUE! $$$$$$$$$$$

@spoodoc7272 Год назад

Rent over 2K and one week behind = eviction and homeless tents in city side walk

@rachelharrison7961 Год назад

Don’t waive the house inspection!

@lagarde2011 Год назад

Would have been good to know more about the caller's financial situation. What are his other expenses beyond the mortgage. Maybe a car or other asset could be sold or downsized to raise the necessary cash. We're only talking about a few thousand dollars here.

@pseudonymshqipe854 Год назад

Lol

@pseudonymshqipe854 Год назад

True

@pseudonymshqipe854 Год назад

A 1 bedroom apartment in New Jersey would cost you over $1,200 a month in the majority of the state.

@dianecelento4974 Год назад

He might be eligible for mortgage relief program (HAF) grant. Please if you're reading this call them and apply. It's a grant that will cover your past mortgage and or property taxes. You never have to pay it back, it's a grant.

@dknowles60 Год назад

property taxes are in the mortage payment unless the guy put down 20% dont think the guy out down 40k

@stabilitypath4963 Год назад

@@dknowles60 he did FHA even if you put 20% down pmi it’s required and Tax & insurance to be included regardless of down payment in FHA loans!

@BagsNBaguettes_327 Год назад

Sounds like to me like he’s not working enough. Dave didn’t ask about what other debt he has which plays a factor on him not being able to pay his CHEAP mortgage. Good luck finding rent for anything lower.

@front331 Год назад

He can find rent for cheaper than that mortgage which is pretty cheap. Should have never bought a house at 23 years old.

@unfairsanic5089 Год назад

He can find cheaper rent, i live in texas and paying 879 a month including renters insurance and there alot of apartments being built rn this year

@kbanghart Год назад

@@unfairsanic5089 what part of texas?

@jackiemehauff66 Год назад

Dave given bad advice just to help the realtors that pay Dave.

@brooklynzoo81 Год назад

Congratulations!

@leadrecruiter Год назад

I would stop paying all my other debts and bills for two months and use my full paycheck to clear my mortgage. I am assuming he has no kids. But i get the feeling he is tired of this house.

@dknowles60 Год назад

but rent will always go up

@kbanghart Год назад

@@dknowles60 but people in his situation don't always see that

@jackiemehauff66 Год назад

DAVE, WHERE IS HE GOING TO LIVE FOR A $1000 A MONTH? YOU SAID YOURSELF, THAT THE HOUSE IS GOOD VAULE. .......BAD ADVICE!

@justinshearer8180 Год назад

I would work a bunch of overtime and get current on the mortgage then keep working overtime save that money and repair the house after that you can choose to get a roommate if needed because mortgage probably isn't much more than a one-bedroom apartment

@vjs4539 Год назад

Adulting is too hard for this kid. He doesn't want the responsibility.

@donaldlyons17 Год назад

Depends on the problem because he already had renters before....

@matthewgardner2144 Год назад

Everything is everyone else's problem.

@heslind Год назад

In the good times you need to prepare for the bad times

@nate3972 Год назад

How did no one stop Dave and ask why he would list the house for sale if he's planning to work overtime and get current on the loan? You only need to do one or the other

@Beautifuluproductions 10 месяцев назад

Interrogate the hell out the guy dag! lol

@brucefredrickson9677 Год назад

Yep...too young. "I realize I got myself into a situation."

@boots911 Год назад

Bad advice. He needs a personal loan to get current and then work overtime. Rent is probably 1600 in his area. You expect him to pay almost half of his income for rent?

@OTOWN2STOCKTOWN Год назад

Dave is not a fan of loans to put it mildly

@jeromehenry4484 Год назад

A personal loan is a good idea, but there's a high chance his Debt-to-Income Ratio is out of whack, so he will not be qualified at this time.

@Mohammad_Parwez 7 месяцев назад

There is another option to get a cash buyer for your property that can buy and close in 2-3 weeks. That way you can sell your property even before it gets to the foreclosure stage. Recently my mentor Smarty shared a story about a woman from PA who was just 1 week away from her property taken away from the bank. She saw the ad from Smarty and called her who in turn got her a Cash plus deal where the cash buyer not only purchased the property at the fair market price but also fixed it and resold and shared the upside with her. Do not let the banks take away your property, equity, credit rating, your self esteem and your peace of mind.

@olgasuner999 Год назад

I feel as Dave has a good heart you can hear in his voice as how much he wants to help this fellow and being himself in that place in his life he understands and connects with caller(s).

@americafirst9144 Год назад

Maybe Dave should start a non-profit to help the truly deserving out of rough financial spots.

@linhaton4957 Год назад

I didn’t realize that EMT’S we paid so low.

@natsdaley9615 Год назад

The wisdom 🙌

@stephaniecarleton3117 Год назад

I think he should keep the house

@rainacherienne1010 Год назад

Lots of good info from Dave here and actual help, really nice. Hope the guy pulls through and learns, that’s weird he doesn’t have a few thousands emergency fund to use now.

@summerforever6736 Год назад

good info? he told him to sell the house

@rainacherienne1010 Год назад

@@summerforever6736 Where he told him to sell? He said to work more and save the house and gave practical info about how foreclosures work, like you need to be behind 6-7 month etc.

@summerforever6736 Год назад

@@rainacherienne1010 he said to get in touch with his agent

@rainacherienne1010 Год назад

@@summerforever6736 True, in case he won’t pull through, it’s good to prepare for the worst.

@klintous Год назад

People like this raises the price/costs for normal responsible people that have a mortgage. 🙄

@CodyErhart-q2e 3 дня назад

We help people all day long keep their homes as well as help them sell their homes and keep their equity. Feel like this could have been better. Most people should actually be able to make money in this situation. Why is he not bringing this up as a #1 option?

@bobcostner2238 Год назад

most houses will soon be under water. example: owe 400K and worth only 200K

@alinatamashevich3354 Год назад

Only if one owns money on it!

@rachelscanlon5805 Год назад

Don't sell the house! How can a single guy making a base of $48k with potential to go get more hours not manage to find $1000 per month?

@wldktz1 6 месяцев назад

He’s probably only bringing in $2800 a month just for his base take home pay. That’s not a whole lot when you factor in other bills. He probably has medical expenses along with missing pay due to missing work. If he misses 10 shifts that’s approximately $4000 in missed take home pay.

@volvo8938 Год назад

you can drive uber and afford that house payment, something else is going on

@Seromontis Год назад

We are going to get a lot more housing issues with the people who did not get inspections due to the housing craze. Expect a nice 10% dip at least.

@dknowles60 Год назад

most houses can be repaired cheap

@Matt-cr4vv 10 месяцев назад

I’d try to find a way to make that work because it seems hard to event rent somewhere for materially less than $1K a month. I’d be hunting for some roommates or something but hard to let go of a cheap home unless you can replace it with something much cheaper.

@consumerdebtchitchat Год назад

Your house payment is a little over a thousand a month. In Tampa a 550 square foot studio starts at 1400. A one bedroom starts at about 1600. Annual rent increases on leases have gone up as much as 300 to $600. Do everything you can to keep from getting foreclosure on. You're just going to be jumping out of the frying pan into the fire. And whatever the heck your family is doing to bring you down financially, stop letting them. This is your livelihood and your housing you're talking about. Praying for you.

@Gavintyler21 Год назад

The question that comes up in my head,this caller said he was four months behind. When money starts coming in,for him does he have the option of paying the current month or does the money go towards the back due payments and fees and then going forward, you treat it like a debt snowball pay as much as I can when the money comes in?

@MYTMIC Год назад

Can't afford that on 48k, sell the house ASAP

@jusplay7309 Год назад

1985 is a new house not even 40 years old. Most homes around me are like 70 - 100 years

@cjblance6869 Год назад

Get a roommate or AirBnB those extra rooms. Apply for a loan mod. Don't sale your house.

@jimmymcgill6778 Год назад

So Dave's idea is to work after he worked twenty four straight hours?

@A_barrel Год назад

He usually sleeps during that shift, might get interrupted but he can still sleep.

@jimmymcgill6778 Год назад

@@A_barrel Still.

@unfairsanic5089 Год назад

Yes part time job

@cutlerylover Год назад

@@jimmymcgill6778 Dave suggest you work 24/7 until your debt is paid lol its not easy its very uncomfortable and miserable but thats the point, ANYONE can get out of debt if they want it enough most people dont want it that bad thats why they still have debt...

@jimmymcgill6778 Год назад

@@cutlerylover It's very hard to work if you are tired, And an EMT should not be tired when he is working.

@riri4 Год назад

Hope he can keep it that’s good he has some time

@annarebecca3384 Год назад

Wait. Catch up on the mortgage payments AND put the house up for sale? Seems like one or the other should be the plan...

@MichaelAnderson-wk1no Год назад

The house could take a while to sell, especially if it's not in the greatest condition. It's probably best to do everything he can to solve the problem and not place all of his bets on the house selling in time.

@dianawilliams8801 Год назад

Come on!!! Get as many shifts as you can and get current!!!

@mrsmith1339 Год назад

EMT's can pick up all the extra hours they can handle with other agencies, or non emergency patient transport. There are many more medical calls than fiire/rescue. I'm glad he is 24 and can handle it. What can you rent ofr $1000? I think the caller can work his way out of this.

@dknowles60 Год назад

he can

@philk8282 Год назад

Should try to sell it on his own for 30 days while he gets his finances together instead of losing 5-6% to a realtor right off the top. Dave telling him his house will sell quick at that price is short sighted at best. Plenty of cheap houses in Huntsville and newsflash the buyer pool has dried up

@Greeneggsandham123 Год назад

Right. Sounds like a lot of things wrong with house that has to be disclosed and decreases value.

@Bertuzz84 Год назад

5-6 % for a realtor ?! Here they sell your house for 1.25-1.75%. Looks like realtors are really making bank off of you suckers lol. Selling the house sounds like a dumb idea. He might end up being priced out of the market. I know that it's hard to believe in areas with high incomes and cheap houses. But even in America houses are now 6.5 year salaries. I know thats it's not yet 11 year salaries like it's with us. But i would be carefull nonetheless. Lots of well paid professionals are stuck renting the rest of their lives because they didn't buy in time.

@mantra1182 Год назад

Dave, you need some mortgage pro's on your team. This guy should ask about a loan remodification. He needs to work with his current lender to explore his options.

@dknowles60 Год назад

been there My banks stated we dont need to any thing PMI will pay us if we have to Forclose

@theqyldguy4473 Год назад

Work a second job on top of 24 hour shifts? Impossible.

@joechang8696 Год назад

I do not know about this type of loan, what happens when you fall behind? do you just incur interest, or are there penalties? the thing that concerns me most about debt is that if you fall behind, the penalties practically ensures that you can never recover - for many people

@wallygator1827 Год назад

There usually a monthly penalty for late payment. It isn't a lot 20 or 30 dollars.

@dmbgator86 Год назад

I’m confused. He’s paying around 13k a year on his mortgage, makes 48k but can’t afford his monthly payments? Ummm how??

@MichaelAnderson-wk1no Год назад

Probably some combination of a lack of a budget, lack of intentionality, bad spending habits, and having a bunch of other debt payments in addition to the mortgage.

@MichaelAnderson-wk1no Год назад

Probably some combination of a lack of a budget, lack of intentionality, bad spending habits, and having a bunch of other debt payments in addition to the mortgage.

@dmbgator86 Год назад

@@MichaelAnderson-wk1no I wish Dave would have dove into that more then.

@MichaelAnderson-wk1no Год назад

@@dmbgator86 Good point.

@donaldlyons17 Год назад

It is very safe to say he somehow spent 48K.