Mortgage Vs. Medicine

Their son should be eligible for SSI due to his disability which would make him eligible for SSI which would make him eligible for Medicaid and possibly attendant care which might free his mother some hours to work.

THEIR payment record, not "they're." Jeez.

Criminal? Should someone who did not have the income buy a mortgage of that size? What about an emergeney fund? Thinking of the future? What happened to personal responsibility? I have a budget. I have emergency funds? Is it the governement's responsibility to bail everyone out?

Criminal? Whats criminal is allowing people who could not afford a loan to access a loan of this size. Now, as some of your readers suggest, I am supposed to feel sorry for them? I have a budget. I live within my means. I save for emergencies? Is it the governements fault if I am not responsible?

What in the heck is a painter for a local college doing buying a $350k house?? If you must have a house for a disabled son they could have moved to many cheaper housing markets in around the country. And before anyone starts whining about extended family, they don't pay the bills. These people sought out no competent advise and if they did ....well , they either ignored it or they have a lawsuit. Either way they piled on one bad/tragic/dumb decision after the other and who is going to pay for it?? Every American, for years to come. Soo glad I bought a house I could afford in good times and bad because somebody got to spread the wealth! Yeah me!!

I bought my first an d last house. I had great credit. however tthe should never been put on the market. The bank should have granted the morgate. I am 100% disabled Vet and can not get treatmen tfor my illness at the VA. mY meds cost ast much as my mortage. I did not find this out until after I had moved from LA to Louisville. The neighborhood became a drug dealer haven. the house lost some value in shot amount of time. I was ripped off from the start. I have file bankrupty to start over. Whick I am the type that always paid my bill on time or early. Always had al large amount in my savings and Checking rarely used my credit cards. I do unsterdand what this family is going through. Our health care systme is failing tthe American public.

Yes, let reality hit them in the face. The true issue is not the house, or the remodeling, or even the loans that they needed that pushed this family to economic crisis. IT"S THE HEALTH SYSTEM. But, that's cold hard free market at it's best. Get over your rants and whines about how sorry you say you are for them and how they really should have been looking out for their future and not their son's well being, or the HIGH cost to keep him living. We all look out for the future and our families but, no one saw just how bad this economy became.

We allowed thieves to run our corporations all with the idea that they were invested into making the company better. NO! they were the wolves that we gave the keys to the hen house. Now after the raping and gutting of our American way, they want us to give them BILLIONS! AND WE DID with the 700 BILLION DOLLAR bailout. Ah but, don't worry when you run into hard times, reality is what you should see... not any support from your fellow man or the government that allowed this crisis because commerce works best with no oversite.

As for those who are not in this family's situation... keep praying to God and thank him for your good fortune.

Look, obviously you feel terrible for the medical side of this situation and it is unfortuante, but this is exactly why we are in this economic mess. Borrow money to buy house, then borrow more on top of what you have already borrowed and so on. Do any of these people who do this ever stop and say, hey i might have to actually pay for this one day? I mean what the hell is wrong with people? Does anyone pay for anything anymore? How about if you can't afford it, don't buy it. pretty simple

My heart goes out to these people. Now for reality.......
I can't believe this lady at one time worked at a credit union yet the couple didn't understand their mortgage loan. They appear to have purchased more home than they can afford.
There are no easy answers here and God knows GOVERNMENT NOT THE ANSWER PEOPLE!
I hope these people are able to get some help via some good charities.
If I had extra money I would be more than happy to help BUT I would want them to take some financial self help courses!

My family is in a similar situation - for ten years I have cared 24/7 for a disabled 38 year old daughter . Living on one income is very hard when dealing with medical bills in addition to the ever-rising cost of living. Although I have a lot of empathy for this family, you can't overlook the fact that they are somewhat responsible for the situation they are in. They seem to have bought more house than they could afford to start with, especially since they knew the house would require modifications. They also admit to not fully understanding the terms of the loan they were taking out. "They thought it would turn out OK." That kind of says it all. Being a realist and maybe even a bit of a pessimist can save you a lot of trouble in the end. We bought a very modestly priced home even though we could have gotten a loan for twice the amount and have never regretted it. We also drive ten year old cars and live frugally with no credit card debt. Now that our 401K has evaporated and the economy is falling apart, I'm so glad we made those choices. I hope people will learn the importance of doing your homework when dealing with home loans - you real cannot trust anyone. And I very much wish this family well.