  Gnome Member Username: Gnome Post Number: 1687 Registered: 08-2007 |
What a bite in the rear. She says she was trying to work things out with Countrywide, but time ran out. bummer. http://www.freep.com/apps/pbcs .dll/article?AID=/20080820/NEW S01/80820065 | ||
Crumbled_pavement Member Username: Crumbled_pavement Post Number: 486 Registered: 08-2007 |
Is any part of our local government free of corruption? | ||
Foxyscholar Member Username: Foxyscholar Post Number: 204 Registered: 12-2007 |
Why/how does her house being in foreclosure have to do with corruption? Housing issues are a NATIONAL crises...and a CATASTROPHE in metro Detroit.... Looks like Countywide is an equal opportunity mortgage predator.... A tidbit: somebody explained to me that the term "mortgage" means DEATHGRIP.... Wow... | ||
Crumbled_pavement Member Username: Crumbled_pavement Post Number: 487 Registered: 08-2007 |
Because she hasn't paid back taxes and her financial situation would be cause for dismissal from some jobs. Corruption may not be the word, but it certainly doesn't paint her in a good light. | ||
Alan55 Member Username: Alan55 Post Number: 2065 Registered: 09-2005 |
Actually, if her house WASN'T in foreclosure, and met the criteria for foreclosure, then you could call her corrupt. The fact that she is experiencing what millions of other Americans are speaks in favor od her honesty. | ||
Foxyscholar Member Username: Foxyscholar Post Number: 205 Registered: 12-2007 |
Alan55 answered more wisely than I would have. I saw only a news clip about her home's foreclosure. I didn't read/hear that the foreclosure was due to back taxes.... But then again, like Alan said, she AIN'T alone.... And apparently poor stewardship is punishable in the corporate sector, it does not appear to be so in the public sector, ergo KK and his deputy, who DECLARED BANKRUPTCY! In all caps due to the absurdity of it all.... (Message edited by FoxyScholar on August 20, 2008) | ||
Chrissy_snow Member Username: Chrissy_snow Post Number: 118 Registered: 07-2008 |
I don't see why her financial problems would cause her to lose her job. She's not a banker or broker or in any type of financial career making decisions on others finances. All this shows is that she's one of the few in Detroit not on Kwame's RICO plan. I still respect her and pray for her to get through this. I have more respect for her than someone like Beatty who made over $140k and uses public funds meant for low income people to buy her house. Who's paying HER mortgage? Because with no job and no savings, her house should be in foreclosure too. Makes you wonder! | ||
Crumbled_pavement Member Username: Crumbled_pavement Post Number: 488 Registered: 08-2007 |
" I didn't read/hear that the foreclosure was due tback taxes" Read the link posted by Gnome. And saying "is any part of our local government free of corruption" hardly frees Kilpatrick and his crew from not being corrupt AS WELL. Read my caps... | ||
65memories Member Username: 65memories Post Number: 607 Registered: 10-2003 |
non-news | ||
Foxyscholar Member Username: Foxyscholar Post Number: 206 Registered: 12-2007 |
If non-payment of back taxes was cited, fine... I believe it. I stated that I barely saw a news clip....it wasn't to imply that just because I didn't read it doesn't mean it's not the case. Ok. | ||
N7hn Member Username: N7hn Post Number: 61 Registered: 02-2008 |
wonder if she now feels Detroiter's are OVERTAXED? | ||
Stinger4me Member Username: Stinger4me Post Number: 255 Registered: 08-2007 |
What about paying your taxes, living within your means and paying the bills? | ||
N7hn Member Username: N7hn Post Number: 63 Registered: 02-2008 |
NOOOoooooooooo NOT THAT!••••••• | ||
Detroitrise Member Username: Detroitrise Post Number: 3436 Registered: 09-2007 |
Pot, meet Kettle.  | ||
Gumby Member Username: Gumby Post Number: 1800 Registered: 11-2003 |
quote: Good in theory but with peoples salaries remaining stagnant or lowering and energy costs skyrocketing our "means" ain't what they used to be. It is real easy to stand back and judge without knowing the full story. | ||
Detroitrise Member Username: Detroitrise Post Number: 3440 Registered: 09-2007 |
Gumby, the woman should have got a fixed mortgage rate. | ||
East_detroit Member Username: East_detroit Post Number: 1987 Registered: 11-2003 |
Couldnt tell from the poorly investigated/written article, but was the house her primary residence or a rental property or some other property she has been trying to sell? | ||
Stinger4me Member Username: Stinger4me Post Number: 258 Registered: 08-2007 |
It is pretty simple, DON'T SPEND MORE THAN YOU MAKE. | ||
Gumby Member Username: Gumby Post Number: 1801 Registered: 11-2003 |
Yeah I agree (I got one on my house just before the market crashed) but I was commenting on the fact that Stinger4me and many other people like him find it easier to see things as black and white and seem to leave out the extenuating circumstances that make up reality. Stinger4me I am not trying to pick on you as you may have just been making an off the cuff remark or even a joke, so no harm meant. | ||
Gumby Member Username: Gumby Post Number: 1802 Registered: 11-2003 |
On second thought Stinger4me after your last statement it is obvious that you don't look at all the circumstances involved so your arrogance has been shown. | ||
Firstandten Member Username: Firstandten Post Number: 270 Registered: 05-2006 |
"It is pretty simple, DON'T SPEND MORE THAN YOU MAKE" Its not always that simple especially if you have a mortgage that's not a fixed rate. Any kind of financial set-back can send you reeling. That along with increase taxes and insurance can really hit one hard. And while that is happening you see the worth of your home going down until you owe more on it than its worth on the open market. | ||
Sean_of_detroit Member Username: Sean_of_detroit Post Number: 1549 Registered: 03-2008 |
"It is pretty simple, DON'T SPEND MORE THAN YOU MAKE" Well, yes, but you have all those credit card companies giving you free money... so it's easy to spend more than you make. Especially sense parents seem to be teaching squat to their kids about finances (many are in the same boat their kids are in, or worse). | ||
Sean_of_detroit Member Username: Sean_of_detroit Post Number: 1550 Registered: 03-2008 |
Oh... on a funny side note to the housing crisis in general... TBS has been showing a bunch of Bernie Mack Show reruns (he was a great comedian). However, one show has him talking about how he got clobbered in the stock market, and he urges investors to invest in real estate. He talks about it being the best move you can make... investing in your house. Very interesting to say the least. It definitely got me thinking, how many shows and books (many not sitcoms, but actually considered reputable financial advice givers) urged their audience to buy real estate... as your home is your best asset (is your home even REALLY an asset at all?). It adds so much irony to the whole mess. The fact that anyone notable is having a problem, should not surprise anyone, because of this kind of stuff. We were required to read "Rich Dad, Poor Dad" in high school... another giver of great advice...  | ||
Rid0617 Member Username: Rid0617 Post Number: 265 Registered: 03-2008 |
I have a rule when it comes to investing. If I lose a nickel it was a bad investment. The house I exempt from this because eventually it will be paid for. I also have and will never take an ARM. Countrywide has proved that point with their predatory lending | ||
Sean_of_detroit Member Username: Sean_of_detroit Post Number: 1552 Registered: 03-2008 |
Yeah, but if you are even, or even don't make very much, it was still a bad investment... | ||
Lodgedodger Member Username: Lodgedodger Post Number: 424 Registered: 05-2008 |
Oprah said never be afraid to invest in your house. It's always a good investment. Property taxes in Detroit are stifling. | ||
Quinn Member Username: Quinn Post Number: 1660 Registered: 01-2005 |
1. My property taxes are lower than grosse pointe, ferndale or pleasant ridge here in Indian village thanks in part to kwamster. 2. Worthy's situation is kinda our business... In a similar fashion to previous arguments about kwame's ability to do his job, that's a pretty disruptive personal situation for someone with an important job, and 3. As much as I hate embarassing stories like this (I feel for her... This could happen to me), it does speak to her intelligence and organizational skills. I mean she's an attorney for Christ sakes... Read contracts before you sign them! (Message edited by quinn on August 21, 2008) | ||
Raggedclaws Member Username: Raggedclaws Post Number: 214 Registered: 08-2006 |
Whatever the specific circumstance may be, she obviously lacks the ability to manage her own finances. What does that say about her ability to do her job as prosecutor ? Does it speak to her credibility ? | ||
Buyamerican Member Username: Buyamerican Post Number: 747 Registered: 02-2007 |
I am disappointed in Kym Worthy and her inability to keep her home. I would think that she would be a more responsible person. She certainly must make a substantial income and I would like to know the circumstances of just how this happened. It doesn't make her a bad person in any sense of the word, but she is in the public eye, more now than ever, and she should be totally unimpeachable. | ||
Detroitbred Member Username: Detroitbred Post Number: 59 Registered: 06-2008 |
Since we don't know all the facts, we shouldn't sit in judgement. On the surface it seems like something of a black eye for her, but at least she didn't steal anyone elses, or the cities money to pay for her problems, unlike someone else we know. I hope she can get it all worked out. There is a lot of this going around...she is not alone, but it is a shame. |
