Parents, if you're using your children as a co-signer on anything you've done everything in your financial life wrong.
@MrBrewman95
Жыл бұрын
Can you say this louder to my dad?
@robertbirch4163
Жыл бұрын
These are two adult boys still living at home. Sounds like they need to start paying their fair share. I would say old Todd is about two years past due. Pay up snowflakes !!!
@johnSmith-uz8nl
Жыл бұрын
These types of parents only care about themselves.
@performingartseducator
Жыл бұрын
@Stacy R. Me too. No. No. No.
@rogers5622
Жыл бұрын
@@johnSmith-uz8nl absolutely. I have one of them
@Smallvillefreak
Жыл бұрын
They needed Dave to cut through the vague statements and find out what’s actually going on.
@bmmk12
Жыл бұрын
My thought exactly
@fauxbro1983
Жыл бұрын
Yeah. Other than Jade, all the other hosts just pussyfoot around
@droid2D2C3P0
Жыл бұрын
He might not actually know, sounds like mom is keeping stuff from him or not sharing the whole story
@ctb3343
Жыл бұрын
@@droid2D2C3P0 he knows all he needs to know. He and his brother have to make the grown up decision to quit bailing mommy out.
@LyonsArcade
Жыл бұрын
Yeah I like George and Christina but this whole story was just nonsense and any advice is just lost on thin air because you’re not dealing with the actual problem. Dave would have sussed out the actual problem
@NextGenEvs
Жыл бұрын
Dave is much needed here!
@amireallythatgrumpy6508
Жыл бұрын
It's pretty easy to understand. You want Dave to answer your question, CALL ON A DAY HE'S WORKING!
@screwdriver_bandit
Жыл бұрын
So is a father.
@autordijanaferkovic
Жыл бұрын
@@amireallythatgrumpy6508 we want, Todd didnt
@robertbirch4163
Жыл бұрын
Todd is 20 years not 18 girl. Your judgment against mom is TOTALLY unfounded. She taking financial advantage of two boys not paying for nothing. CRAY CRAY. HELP DAVE these two people don't need to be giving advice to NOBODY.
@johnnastrom9400
8 ай бұрын
@@robertbirch4163 -- You missed the point of what NextGenEvs was saying.
@TheCuriousPsych
Жыл бұрын
I truly feel for him. I ended up homeless due my mom’s poor decisions. I have never been the same ever since.
@prettynatural1973
Жыл бұрын
Get better sir I’m loosing my moms house too forget about it. I’m done if I can’t refinance in November it just wasn’t meant to be.
@turtleanton6539
9 ай бұрын
Ooof😮
@RozeeBeez
Жыл бұрын
She got a home equity loan to make house payments with. Todd and his brother need to take the money they borrowed, get an apartment together, pay the rest back to the bank and leave mom with her own financial problems. If she loses the house- oh well!
@bucnner
Жыл бұрын
YES! Absolutely right!
@c.w.1925
Жыл бұрын
It’s sad but I’m so lost bc most ppl received stimulus payment during the pandemic. Lastly, ppl were able to apply for mortgage relief during the pandemic.
@war8036
Жыл бұрын
If you have over 5k in savings are over 18 and live in one of the most depressing cities I’ve personally ever been to(Toledo), LEAVE! PERIOD!
@geomodelrailroader
Жыл бұрын
That's the biggest myth out there you should never use a home equity loan as an emergency fund you can not borrow you way out of debt and it is dumb. No wonder they foreclosed on her.
@robertbell525
Жыл бұрын
@@geomodelrailroader yep all you are doing is delaying the inevitable
@dannwhitehead6193
Жыл бұрын
A lender can't foreclose this quickly. It's at least a 90 day process in the most expedited manner. There are a number of missing pieces to this story. Plus OH has a redemption period post foreclosure for 90 days.
@EmpressMermaid
Жыл бұрын
Makes me wonder if the mom is using this story to guilt trip her sons into bailing out her stupid financial choices.
@JasonGroom
9 ай бұрын
They can start proceedings as soon as they miss a payment, but it is going to be months before they can actually claim the house.
@broncos4life532
Жыл бұрын
Mom is definitely lying. Miss one payment then the house gets foreclosed? BS
@Jeff-xy7fv
Жыл бұрын
Exactly! There is a lot more to the story than meets the eye (ear).
@jimmymcgill6778
Жыл бұрын
Some shady companies will do that.
@brianh7085
Жыл бұрын
I work in mortgages and the company he said isn’t a lender it is a servicing company. This sounds like she did a modification to not get foreclosed on and is now missing more payments.
@reese85
Жыл бұрын
@@jimmymcgill6778I have loan care and they been pretty fair with me
@Elizabeth_lowkeyluxuries
Жыл бұрын
Loancare has been great with me as well
@shanep2760
Жыл бұрын
Definitely sounds like his mother is telling a lot of lies.
@jimmymcgill6778
Жыл бұрын
Or maybe the company is lying to her.
@shanep2760
Жыл бұрын
@@jimmymcgill6778 that's entirely possible. I just wish they would have asked, "if your mother could already afford the mortgage payment to begin with, why did she take out the sketchy loan?"
@Mary_J1998
Жыл бұрын
@@shanep2760 he said she wasn't able to afford the payments
@reese85
Жыл бұрын
Loan care isn’t a bad company from my experience with them
@robertbirch4163
Жыл бұрын
You heard nothing from his mother. Now Todd, mister I want to cash flow my mother's house has been talking ALL the smak.Mister I want to live rent free and never make a house note.I get my moms equity with the low interest rate.
@edwardflores4846
Жыл бұрын
He is not saying everything about their situation. He is hiding a lot of information from the viewers.
@littleripper312
Жыл бұрын
That's what I was thinking. He really needs to put some distance between his mom/bro and him. They need to sell the house, pay off the loans and stay separate going forward.
@creolelady182
Жыл бұрын
agreed
@dnajunkie1929
5 ай бұрын
I was wondering has she shouldered all expenses. Do they pay rent, utilities. Internet, phones or food? She may have something we don't know about like medical debt, where is dad????
@sarelloo
Ай бұрын
I don't think he's hiding anything, it sounds like he's young and dumb. And his mom manipulated him into cosigning a stupid 30k loan to pay her mortgage. Him and his brother probably could have just taken over the mortgage payments themselves, but weren't old enough to understand the situation.
@leeannvan1422
Жыл бұрын
The mom makes $60 K and can’t afford a thousand dollars a month for a mortgage note? Something sounds fishy and she’s doing other stuff with her money
@littlesongbird1
Жыл бұрын
I was about to say: I make that pay 1400 in rent.
@robertbirch4163
Жыл бұрын
Todd did say fifteen hundred like he would even know. Alot of people have been loosing their jobs, health and many other reasons foreclosures are getting bad.Just a thought ladies, many those adult boys should help their mother out with their bills.
@robertbirch4163
Жыл бұрын
Say dad stopped paying child support after those boys turned 18. Mom pays 18000 a year on mortgage. Then all the other things that go along with life. That is just getting by, I don't see excess cash floating around here. Maby IF the boys would pay their share mom wouldn't be in this pickle.
@goodgirlsguide
Жыл бұрын
Gambler
@im33lap
Ай бұрын
Don’t trust anybody including your parents when it comes to money!!’
@thadiesel7655
Жыл бұрын
Mom is keeping some important info from the kids. The boys don't know/understand half the situation.. Hopefully mom isn't bold face lying to them.
@rosewest5168
Жыл бұрын
I got that feeling too ...she's hiding something.
@robertbell525
Жыл бұрын
Yes, these sons are what 18 and 20 or something. They don't know what they're doing.
@suek7086
Жыл бұрын
This young man and his brother are great guys but they need to find out the truth.
@Ces999919822
Жыл бұрын
This is so sad. These poor kids have no idea what a mess they’re entangled in. I cannot imagine any parent who would do this to their child. This is a very good way to ensure your children never have anything.
@karenmcdermott2161
Жыл бұрын
They are adults not kids, twenty is not a child
@rogers5622
Жыл бұрын
@@karenmcdermott2161 I am sure their mother has been living like this most of their life ..
@jakem6076
Жыл бұрын
2010: Every other call is a foreclosure call 2023: What's a foreclosure?
@rnt45t1
Жыл бұрын
lol it's almost like we're in a housing bubble mid-pop!
@arga400
Жыл бұрын
@@rnt45t1 I'm not saying I'm looking forward to it BUUUUUUT lol
@elchapojr6219
Жыл бұрын
Mmmm think back to 2007-2012 😂
@Wablestomp2
Жыл бұрын
@@arga400as a 24 year old who has been stacking cash since the pandemic. I’m freaking ready for it. LETS POP THIS BABY
@MohammedAhmed-bc7zd
Жыл бұрын
Confusing call
@crystalbuda7595
Жыл бұрын
Go Kristina! Good job. I don’t like all of the comments about Dave being needed on this call. They gave good advice in the end. Dave would’ve given similar advice, just faster. But it’s OK for a new people to take a minute and figure out which direction they want to go with the call. They got it in the end and pointed out problems and next steps. I say, good job newbies!
@Matt-cr4vv
Жыл бұрын
The reason Dave was needed on this call is because they are so unversed in real estate that they’re not immediately calling it out that it isn’t legal or possible to take that home after one missed payment. They have to be 120 days delinquent to even begin judicial foreclosure which would take another couple months before the home would actually be taken from them. And through that entire time they have a right to get current. So where Dave would be needed is to immediately point out that the one month payment story isn’t true and so mom is being dishonest about something here. Either she’s multiple payments behind and they’re close to the judicial foreclosure process OR she’s just flat out lying to them. And that’s huge to truly advising this call that yes it’s bad for mom to have them involved in this at all to begin with but even bigger is that she is lying about something major regarding losing the home that they don’t grasp because they’re ignorant (the sons) of the laws surrounding it. They need Dave to call that out and break that reality to them to properly proceed forward knowing that it isn’t just mom involving them but also lying to them as well. They made a good effort handling this but the best advice is competent advice and competent advice means understanding the full context to guide that. Simply saying she shouldn’t get by Scott free isn’t the same thing as she’s lying to you about the foreclosure because what she’s telling you is happening isn’t legal or possible so she’s involving you when she shouldn’t be and you can’t actually trust what she’s telling you and that means there’s a much bigger problem than simply a boundary issue. Involving them is a boundary thing but lying to them, putting them in the financial risk and pickle they’re in, and preying on their ignorance is an entirely higher level in this thing above what he’s saying happened.
@jdagrees9609
Жыл бұрын
👏🏾 Kristina spoke to him with the passion of a TRUE mother !!! He needed to hear everything she said and I pray him and his brother take the advice !
@brianh7085
Жыл бұрын
This call doesn’t make sense. The lender he mentioned is a servicing company per a google search, not a lender. It sounds like his mom hasn’t been making payments got a modification on the loan and she’s not paying that either so they are foreclosing.
@coolaunt516
Жыл бұрын
I would love a follow up to this call.
@wattwalsh4982
Жыл бұрын
🖕🖕Thanks for being my subscriber Let me take you to something new profitable in this 2023 investment opportunity thanks 👍
@joeharvie8362
Жыл бұрын
Great to hear this kid had that much saved! He will do well long term.
@TheEblenRealestateTeam
Жыл бұрын
No with a parent like his... draining them
@Rokka340
Жыл бұрын
I went through the same thing more than a decade ago. Luckily, I had some emergency fund that we used to offset the debt, to keep the house longer. Good luck brother. I hope things work out well.
@djpuplex
Жыл бұрын
When in doubt blame the pandemic. Three adults making terrible decisions taking no responsibility. We were forced? At gunpoint? Sounds like mom is ruining her son's financial future like she probably did the husband.
That’s exactly what was going thru my head. That is so sad.
@rnt45t1
Жыл бұрын
The Devouring Mother. Look up the archetype.
@queen.kristal8395
Жыл бұрын
It’s not the sons fault.they are only 18 and 20
@mikemcbeth3216
Жыл бұрын
If not they will be homeless
@jimroscovius
Жыл бұрын
No one can force you to take out a loan. I'm tired of blaming "the pandemic". Sounds like the mom's not telling the truth.
@And1one757
Жыл бұрын
Nah its tru i lost my job because of the spanish flu still havent recovered
@jimroscovius
Жыл бұрын
@@And1one757 How long ago was that?
@And1one757
Жыл бұрын
@@jimroscovius 100yrs ago
@1SavageQueen89
Жыл бұрын
@@And1one757 😂
@Carolina480
Жыл бұрын
He’s a young kid he doesn’t know about life and financial dealings he has no idea what it is a co-sign and he sounds he’s easily intimidated and manipulating her boys to this mess I’m sore for those kids
@flea4061
Жыл бұрын
Three working adults. And no one was paying. There's more to this story.
@dummgelauft
5 ай бұрын
Mooching. That's what. Mom tried to be a smart butt with the "covid relief"..
@dummgelauft
5 ай бұрын
Between the three of them, they make 130k/year😮😮
@dummgelauft
5 ай бұрын
Boy. Go and get all the info.
@beckyshell4649
Жыл бұрын
It sounds like some "free" money was offered and mom said great deal I'll take it and go shopping.
I drill my elderly mom "there is no free ps5, iphone, govt benefits..." This is on her kids for not protecting her.
@johnz446
Жыл бұрын
Bingo. Exactly
@Primitive_Code
Жыл бұрын
Assumptions assumptions. I can assume a thousand negative things about you and you can about me. You don't know her story.
@AllynHin
Жыл бұрын
The lender for the $35k house loan won't talk to the son because he isn't on the loan, so calling them is a waste of time unless mom gets on the phone first and gives them permission to talk to the son. Even then, they may not talk to him. The best he can hope for is to have his mom call and then put the call on speaker so he can hear what's said. I am willing to bet she won't do it.
@moodiseverything9252
Жыл бұрын
he said he co sign on the loan ..so he can call...
@AllynHin
Жыл бұрын
@@moodiseverything9252 He was very vague and talking back and forth between the $35k loan on the house and the $8k loan he took out to help pay the $35k loan. I don't see any lender in their right mind letting a 20-yr-old kid cosign on a $35k loan. In order to cosign, you have to be eligible to get the loan yourself before you can cosign for someone else. Of course, this whole thing was shady. We needed Dave at the desk to get to the bottom of the BS.
@michellegrovak
Жыл бұрын
A lawyer should have been called immediately. Mom is stupid.
@And1one757
Жыл бұрын
They dont have any money call what lawyer
@Helibeaver
Жыл бұрын
I love the new fire we heard in Kristina
@aboutwhat1930
Жыл бұрын
Mom's using her barely adult sons as a piggy bank, twice now. They cosigned once and now are taking full personal loans. They haven't legally started foreclosure, it sounds, so they have time before anything goes to court. Right now sounds like threats, not empty threats but not at that stage yet.
@davidhale4647
Жыл бұрын
he is 20 18 is a adult
@CarnivoreStork
Жыл бұрын
Don’t give your money to your mom To pay off the loan.
@mph5896
Жыл бұрын
He will. Its flushing it down the toilet though. 😉
@Lourd-Bab
3 ай бұрын
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
@Lourd-Bab
3 ай бұрын
@PilouBen However, if you do not have access to a professional like JUDITH ANN PEACE, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments
@Lourd-Bab
3 ай бұрын
@PilouBen Judith Ann peace is her name
@Lourd-Bab
3 ай бұрын
Lookup with her name on the webpage.
@Lourd-Bab
3 ай бұрын
@PilouBen You are welcome.
@6ftNaturalBeauty
Ай бұрын
“Scam most likely”
@seanpaul1551
Жыл бұрын
Well one quick internet search for the company mentioned on the call and it looks like a refi company with pretty awful reviews.
@jeretso
Жыл бұрын
Mother is a lost case. Move out. Never cosign again. Let her learn her lesson and fail. Family is making $90k and cant afford $1500 mortgage.
@alleykeosheyan4779
Жыл бұрын
Agree! If they don't nip this in the bud now, I flat@ss guarantee that mom will be expecting them to foot the bill for her in retirement.
@momof2momof2
Ай бұрын
I just looked the company up... they should have also. They are as shady and horrific as they come.
@bradyjones8014
Жыл бұрын
To many “Uhhhh and uhhhh” bro needs to figure out the facts
@ZumbaFlower
Жыл бұрын
Please give him a free financial counseling packet. This case need to be follow up with Dave.
@adr8nalin92
Жыл бұрын
Dave would of dunked on this call. Kristina did great ! I got angry myself at the mom
@robertbirch4163
Жыл бұрын
Maby you should let those boys move in with you, rent free of course. You take the next 20 years.
@adr8nalin92
Жыл бұрын
@@robertbirch4163 why
@lkj0822g
Жыл бұрын
Yeah, chalk this one up to an expensive lesson learned. It's painful when you realize your parent is not a good person. She used you and didn't think twice about it. Could be substance issues here, or maybe she has mental issues. When the dust settles and you put all this behind you, you and your brother need to move on - the sooner the better as things are not going to change with her.
@lilmoney7825
4 ай бұрын
The advice to sell the house is probably the best.
@893263007
Жыл бұрын
It's nice to see a 13 minute call where they actually get to the bottom of issues, rather than just blowing them off. These are often large and complicated problems.
@Scarface_445
9 ай бұрын
They got to the bottom of 0 issues.
@ctb3343
Жыл бұрын
Quit bailing mommy out. She makes 60k and could afford the payment if she wanted to. She’s a bum.
@coolaunt516
Жыл бұрын
I googled Loancare--it's reviews put it as 1.2 stars and the online reviews are awful.
@dummgelauft
5 ай бұрын
Something doesn't make sense...there was mortgage deferral..but..loan..idk Also, i can almost bet there is mom's boyfriend somewhere in tbis story... Dave is needed here..
@Videpedia101
Жыл бұрын
Where's Dave when you need him?
@JakeStewart1343
5 ай бұрын
I'm sure he had more important things to tend to 🤷♂️
@krobdawg
Жыл бұрын
This is the most animated I've ever seen Kristina
@carojames6776
Жыл бұрын
Yes, she's well upset !!!!!!!!
@robertbirch4163
Жыл бұрын
She is totally in lala land. I thought she was not that gullible. 20 year old still living at home with mom. Not offering to pay his share. Putting all his money in the bank while mom tries to figure out how to pay all the bills.Probably got her child support cut off.
@joshw7415
Жыл бұрын
This poor young man…sounds like he’s been duped and guilted by his Mom into this situation, with minimal working knowledge. Somebody had better be looking for an apartment and then working 16 hours a day to get these loans paid off.
@WeBeatMedicare6969
Жыл бұрын
Weird situation…in any event, since they both put themselves in this situation to bail out Mom, they each need to get more income than 33K/year…food delivery service is good for supplemental income..or a PT job at like UPS/FedEx etc at night or whatever….and Mom needs to get another job too…
You’re not a 20 year old kid you’re an adult! Lol 😂
@amireallythatgrumpy6508
Жыл бұрын
The current generation won't reach adulthood until 30.
@Primitive_Code
Жыл бұрын
@@amireallythatgrumpy6508 They need Tik Tok's approval to reach adulthood.
@seanpaul1551
Жыл бұрын
Nice try though 😂
@mph5896
Жыл бұрын
Yeah, this young adult🤔. I was 14, working as a line cook😉, not really legally but😆
@loujon191
Жыл бұрын
Sounds like predatory lending. They need to get a lawyer ASAP
@wattwalsh4982
Жыл бұрын
🖕🖕Thanks for being my subscriber Let me take you to something new profitable in this 2023 investment opportunity thanks 👍
@jackiebridges7138
Жыл бұрын
This is so sad i would live in my car before i would ever guilt my kids to get a loan for me.this mother is manipulative to the Max...
@robertfrank6058
Жыл бұрын
This whole call will super weird. Mom using one loan to pay another yet has a good income. Then stops paying. Then instead of selling the home decides to transfer the debt to the kids to pay. Now they are going to be stuck paying for a home they don’t even own. Also not explained is why is the heloc company so quick to foreclose. None of this seems normal. Weird situation. Moral of the story is pay your house first before anything else. If you can’t afford the house anymore then call up a realtor and sell it before you risk losing it. You can’t afford to lose that kind of equity.
@johnSmith-uz8nl
Жыл бұрын
When you don't pay your loan on time the bank can always call in the loan. A lender can theoretically call your loan due for just one missed payment, depending on the terms of your mortgage agreement. However, commonly, you have to miss two or three mortgage payments before a lender decides to take this step.
@Matt-cr4vv
Жыл бұрын
Not true for a mortgage. Under Dodd Frank barring a few exceptions you can’t begin foreclosure until 120 days delinquent. There’s also a bunch of borrower notice requirements and time to allow borrowers to get current. Even if we were to ignore the multitude of law and regulations that say that’s not legal at a bare minimum they have to post public notice of the foreclosure sale three consecutive weeks before they can truly take the home. And during that entire time borrows can redeem the mortgage. So the idea that the lender can take the home after they missed one payment right away isn’t true or legal. Either the lender is lying or the mother is. After the recession the process to take a home is drawn out substantially with tons of rights to redeem the loan before they can legally take the home. So somebody is lying about this
@tomtensecretlanguage9273
Жыл бұрын
This is why the show won't survive without Dave Ramsey. The other 'hosts' are just dull.
@MegamanXbusterify
2 ай бұрын
It's very admirable that he opened up about feeling nervous as a first timer on the show with millions of people listening. Not everybody has the courage to do that.
@LocaW8ta
Жыл бұрын
Mom is preying on their ignorance. They need to fix this mess then move out and sever ALL financial ties.
@littleripper312
Жыл бұрын
"20 year old kid" Nope, you're a man. People who are 20 are men and women, calling yourself a kid and acting like a dependent is not okay. Why on earth is he taking a loan out with mommy and his brother, ridiculous. He needs to keep on good terms but separate himself from his family.
@amireallythatgrumpy6508
Жыл бұрын
The current generation are kids until 30. The days of adulthood at 20 are long gone.
@davidhale4647
Жыл бұрын
18 is a adult
@amireallythatgrumpy6508
Жыл бұрын
@@davidhale4647 Not in the US. An American 18 year old is cognitively at the level of 10 year olds elsewhere.
@aolvaar8792
Жыл бұрын
@@davidhale4647 Nebraska, Mississippi? Look it up.
@robertbirch4163
Жыл бұрын
Then if he did that he would have to pay rent. That little snowflake couldn't handle that. He wants to split a 35 k. Bill with his brother and take over a 260 k. House with a low interest rate and 100k equity. That boy is sketch, hope mom don't get ripped off.
@jacksonsplace9754
Жыл бұрын
First time Kristina on fire 🔥
@krassimirpetrov7131
Жыл бұрын
This is a crazy call
@Wall2000x
Жыл бұрын
"We were forced to take out a loan because we qualified for it..." Nobody forces anybody to do anything...it sounds like a loan not a mortgage...get a lawyer...
@suen5006
Жыл бұрын
Something is missing. This just doesn't add up. We need to talk to mom.
@janhatcher6991
8 ай бұрын
Wait a minute, you're the son and you have to take out along for your mother? No, that isn't right she needs to worry about her her own house.
@greggalletta8679
Жыл бұрын
This guy does not need to be a landlord
@wattwalsh4982
Жыл бұрын
🖕🖕Thanks for being my subscriber Let me take you to something new profitable in this 2023 investment opportunity thanks 👍
@Nolaman70
Жыл бұрын
Why not?
@jillgott6567
Жыл бұрын
Wait she was forced to get a loan because they qualified for it ? Something 's not right. Also during the pandemic not all workers but many were provided with additional monies over and above their unemployment. I think his mom has been juggling for years and has not been forthcoming with her sons.
@barnabusdoyle4930
Жыл бұрын
I would love to actually know what’s going on here. From what he’s saying, his mom put the house as collateral on a personal loan, I didn’t know that was possible. A mortgage comes with a wall of Federal protections so you can be late and miss payments long before the foreclosure process starts
@JakeStewart1343
5 ай бұрын
Dave was out of town. Cutting through the mud was tough for these 🤡🤡
@BarbieRocks8888
11 ай бұрын
Would you ever do a session on Lending corporations and foreclosure to educate the public? My mentally ill sister went to a lending corporation and they took out 4 loans on her. She lost her job during the first loan. Her family never co signed any of these loans but were mislead and paid for all her loans. The family paid for over 10 plus years. Now the home is in foreclosure. 😮
@buckeyedav1
3 ай бұрын
This was confusing as heck. I would not sell the house I would pay whatever is owed and all 3 stay there and work with Mom on setting up a budget and both sons rent free till their debt is paid off. Anna In Ohio
@Globerson
Жыл бұрын
Maybe Mom’s scamming sons
@JakeStewart1343
5 ай бұрын
💯
@firststar2
5 ай бұрын
That hurt personally because I am exactly what he is going thru
@JakeStewart1343
5 ай бұрын
You called with a dilemma that these two 🤡🤡 couldn't decipher??? 🤔
@cynthiasalcido8661
Жыл бұрын
This poor kid! 😢 why would his mom put him in such a bad situation what the actual F.
@unfairsanic5089
Жыл бұрын
Dont have kids if you use them for getting out of debt
@pattimartin859
Жыл бұрын
Thanks mom, no, I can't help
@onebridge7231
Жыл бұрын
To anyone with a mortgage from any bank or financial entity, there is ALWAYS the ability for them to call the loan after a set period of time. Read your mortgage and home equity loan contracts people.
@OfficialPosta
Жыл бұрын
Not wanting to liquidate her "low liquidity stocks" in substitute for her sons taking out loans sounds like a big red flag.
@alexandersnow1963
5 ай бұрын
There’s something way off here. Without going into details, I almost got foreclosed on, but for most states, it’s a long process and you have up until the final judgement to pay. Something is definitely not right here. I would pay this “loan” directly to the lender and not give her the cash
@janise01
28 күн бұрын
There was a lot of "we're going to lose the house" and "we had an opportunity to get a loan using the house as collateral" and "we this and we that" over his mom's house. This makes me wonder if it's actually his mom who took out the original loan and he and his brother are taking out personal loans to cover "their debt". Wish they had actually really hammered home who exactly is on each loan and who exactly is on the deed to the house. I know the caller said he was on the loan but there was some ambiguity on what loan and when. In addition I got the strong sense he has this mindset that his mom's debt is "their debt".
@mikesmith-wk7vy
Жыл бұрын
They are old enough to move out the children should leave the mom to her own mess she deserves it for doing that to her children
@chemist4151
Жыл бұрын
Irresponsible mom is lying to her sons, putting that fear mogul in them. I wonder why that loan was needed, anyway.
@JTG55EAGLE
Жыл бұрын
I just look up loancare… that company has terrible reviews
@motogp2375
Жыл бұрын
Sounds like mom stopped making payments to the house and want the kids to pay for her loan. Thats not cool. That’s very irresponsible and selfish of her.
@Elizabeth_lowkeyluxuries
Жыл бұрын
She makes what both of them combined make!
@motogp2375
Жыл бұрын
@@Elizabeth_lowkeyluxuries exactly! What kind of parent puts the responsibility on her children instead of guiding them.
@hamletshome220
Жыл бұрын
I would get in touch with a bankruptcy lawyer and file that day and the loan company will be served papers that will stop any forclosure immediately...
@roolyfe
Жыл бұрын
That sucks! However got hookwinked
@stephanied1028
Жыл бұрын
He doesn’t really know what’s going on. Mom has guilty tripped the kids into covering her mistakes. Mom needs to sell the house and pay the kids back so they won’t carry debt. She just needs to rent and separate her finances from her kids.
@Schoolforthesoul
4 ай бұрын
I would bet any attempt by the kids to tell the mom what a horrible position she put them in will be returned with a massive guilt trip about how much she has sacrifice for them, how much she has given them throughout their life, and they are ungrateful for everything she has done. Parents like that keep a tally of everything they think the world owes them. This works really well for convincing them self that all the problems they've ever had is because of everyone else.
@tlgmc1908
Жыл бұрын
This is not for everyone, but with enough equity you can get a reverse mortgage even with 3 late payments. it makes sure you can keep the home when your 62+, the loan will get higher but your heirs will have something instead of nothing
@mikesmith-wk7vy
Жыл бұрын
What kind of mom gets her children to take out loans against her house , she should have gotten every delivery job etc to make it through and not burden her children
@Liimpy
Жыл бұрын
So they used the house as collateral for personal loans and defaulted? This dont make sense
@angelmyers869
Жыл бұрын
I agree. I wouldn't trust anything the mom said. He was unsure about a lot of things. He needs an open book and concrete numbers.
@lindap.p.1337
5 ай бұрын
I don’t think there was enough info here to resolve anything. I would never have published this video. There are too many unknowns.
@Healingandchoices
Жыл бұрын
60k is often more than I make yearly. I have never faulted on rent or mortgage. Then again for that 60k or less all I do is work my tail off. Seems Mom sees her boys as a fall back vs being a Mom watching out for them.
@rebeccazeman9309
11 ай бұрын
Oh man. I know a few people who deferred mortgage payments bc they could and this is def the reason you shouldn't do it just bc. Bad idea
@RafaelHernandez-vt8fu
9 ай бұрын
The mom is lying to them. No way the process to foreclose is this fast.
@anthonykence9954
Жыл бұрын
Did the mom take.a Home equity home on the property or did she get forbearance when you were able to get that during the pandemic .
@cjmor6590
Жыл бұрын
hard to get around that stupid tax
@fsm12385
8 ай бұрын
Mom should have sold instead of taking her kids down with her , 1 late payment sounds shady
@roberthuster1503
Жыл бұрын
Man this situation sucks. Sounds like decent kids that have dreams. I am frustrated that they will probably get burned. I am praying for them. As a parent I'd rather die than leave my kids in a lynch. Parents don't leverage your kids
@bigbubba4314
Жыл бұрын
The mom was called by a collection rep, who threatened the mom with foreclosure. There are zero loans that are secure d by real estate that must be paid off in one week or else face foreclosure. The mom doesn’t understand her situation and did not explain it properly to the son.
@dimediamond
Жыл бұрын
What was the loan money spent on? Many puzzle pieces missing in the story. Hope it works out for him.
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