So far

I am going to brag here.  Just giving you the heads up.  Forever Friends stopped two foreclosure's this year.  TWO!

One of the women was just finishing treatments.  She had maxed out everything she had, cashed in her RRSP's, lived off of her line of credit until the bank shut it off, did everything she could do and was just about to go back to work and the bank called her mortgage.  The bank had done all they could for her.  Unfortunately in the banking world it is very black and white.  They tried to help her.  But they can only do so much.  When she was working she could handle the mortgage.  When she couldn't she fell behind every month.  She was in too deep to get out on her own.  She called us. 

She had to remortgage her house.  The bank "helped" her out and gave her a new mortgage with a new interest rate of 11.75%.  Again all numbers.  If your credit score is low, it doesn't matter why.  They just use that in black and white to set your new payments.   But she had to pay off the three months she had missed plus the charges for missing.  $200 per time.  If she couldn't have come up with the $3600 she was going to lose her home. 

Imagine winning the fight against cancer and to celebrate being foreclosed on.  Way to go lady!  You did a great job!  Now you and your kids need to find a new place to live!  (I hope the sarcasm is very apparent!) 

We worked with her bank, got her on track with what she needed.  We did it in less than a week.   She is doing fine again now.  Everything is on track.   She is back to work and all is well.   All over 3600.00 dollars.  Its not a lot of money when you have it but when you don't, its huge. 

The second story was very similar to the first.  Robbing Peter to pay Paul until the bank put a stop on the line of credit.  The remortgaging went better with lower interest rates but the catch up was impossible.

This woman was still in the middle of treatments with no end in sight.  She was falling behind further and further every month.  What she needed was not a quick fix but a longer term solution.  She needed on going help.  We were able to do that.  We made up her short fall for the year that she will still be off work.  She had a good job.  Worked for one of the crown corps.  Had good insurance that was paying her about 50% of what she was making.  She had a retirement plan she couldn't touch and had wiped out her RRSP's.  Had we not been able to help her she would have had to sell her house and move into low income housing.  

That's not what you work for your whole life to achieve.  Being forty something, successful in your career only to end up sick for two years, wipe out your retirement savings, lose your house and have to move your family into assisted housing and hope that in the middle of it all, the cancer doesn't kill you.

Imagine living on half of your paychecks now.  Just imagine...

Thanks for reading!