Broker/ Licensed Tax Preparer
Purchased a home in Portland in 1976 for 34k.
refinanced a few times to pay off medical bills due to Cancer, Broken neck
Concentrated on family more then wealth.
Countrywide was supposed to be paying property taxs and did not.
Was told in Aug 08 they would be raising house payment from 1100. to 2500. a month due to "past taxes"
Knowing I could not pay that on a 40k yearly income. I did honorable thing an listed the home for sale ( by now kids are grown and gone and I also got tired of close quarters. Felt that if I could get 100k out of home we could move to country and build a Cob home and become self sufficient off-grid.)
Home was apprased at $450. I owed $180. Realtor was green but enthusiastic. listed it at $295. Accepted offer for $255. By time buyers realtor was done I ended up with $195. an had a 10k "prepayment" penelty that everyone said ( including countrywide) would be dropped as it was not a re-fi but a sale. They renigged on agreement First bottom line from Escrow was $500. left.. then $300. then $54.80