I need to vent for a moment. Pardon the bad words...
This is a situation that absolutely pisses me off to the core. It is unforgivable, it is disgusting, it is theft, and it should be punishable by beheading. (I don’t mean that figuratively – I mean it literally).
I just got a call from a single mom. Her name is Anne and she has three kids. She is struggling to make ends meet. She is living in a rental house and doing her best to scrape together the monthly rent payment to her ne’er-do-well Landlord.
Actually, “ne’er-do-well” does not do this guy justice. He is a colossal dirtbag of the first order. His name is Ryan and this is what he has done…
Each month, since July of 2011, Anne has been making her rent payment of $1150/mo. She is always on time and has never fallen behind despite her financial struggles. Last week she received a certified letter informing her that Ryan has not been making his payment. He has simply chosen to let his investment property slip into the murky abyss known as ‘foreclosure’. But here’s the issue – he hasn’t said one word to Anne about it. He just keeps collecting her rent payment each month – pocketing the money – and then turning to the bank to whom he is contractually obligated and giving them a gigantic middle-finger. This guy has pocketed 17 monthly payments - almost $20,000 ($19,550 to be exact) – of a single mother’s hard earned income with absolutely no intention on telling her about the train that is headed for her front door.
Now that the missed payments have tallied up to this insurmountable debt, the bank has no choice but to foreclose on the property and evict this family of four – all with 30 days notice.
Listen – I know there are A LOT of people struggling right now; I get it. We’re all doing the best we can to navigate the choppy waters of this tough economy. That said, think twice before you actions directly affect someone else who is equally challenged in today’s economy. Call it Karma, call it the Golden Rule, call it what you will – what this Ryan guy has done, despite his own personal circumstances, is an unforgivable act and he ought to be ashamed of himself. Off with his head.