There's an interesting article in the NY Post, today, about multiple foreclosures within two small blocks in the Staten Island. Here are the particulars.
Figueroa, 42, and her husband, Jos, 41, bought their $445,000 three-bedroom, two-story dream home less than two years ago from a developer. Neither had owned property before. They support four children with Desiree working as a waitress in Brooklyn and Jos as a UPS driver.
"I never thought they'd let me have the house because my husband and I have such bad credit," Desiree explained.
Unfortunately, six months later they realized that they couldn't pay the $3700 monthly mortgage, bills and buy groceries. Whose fault?
We got suckered into it and looked like idiots," she said. "I'm not buying another house anytime soon.
Ah, but ofcourse. Couldn't be their failure to budget beforehand that's at fault. Nobody takes responsibility for anything anymore. That the real problem in this country.