MY HOUSE IN OREGON FORECLOSED ON APRIL 15TH 2010. MY POLITICAL CLIENT IN NICARAGUA DIED IN 2005 OF A QUESTIONABLE DEATH, AND I SUDDENLY WAS NOT POLITICALLY CORRECT TO BUILD THERE. MY WORK IN ABU DHABI STOPPED IN SPRING OF 2008. ANOTHER STORY TO BE TOLD. I HAD NO WORK TO SUSTAIN MY MORTGAGE AND LIVING EXPENSES. I RECEIVED GENEROUS FINANCIAL HELP FROM FRIENDS, BUT IT WAS NOT SUFFICIENT TO MEET THE BILLS. I STOPPED PAYMENTS AND EVENTUALLY THE BANK OF AMERICA TOOK THE HOUSE. NOW IT’S BACK ON THE MARKET, LISTED BY COLDWELL BANKER FOR UNDER $300,000. A REAL STEAL IN A BEAUTIFUL AREA, HALF A BLOCK FROM THE BEACH.
ALL THE LIP SERVICE TO HELP HOME OWNERS ENDS UP TO BE 5% THAT QUALIFY. THE REST GO UNDER. I AM NOT SURE OF THE PERCENTAGE OF BANK FORECLOSURES, BUT I AM SURE IT WAS NOT 95% OF TROUBLED BANKS GOING UNDER, LIKE THE HOUSE FORECLOSURES. THE TRICKLE DOWN THEORY DID NOT WORK FOR ME. I WANT A TRICKLE UP THEORY. HISTORY HAS SHOWN THAT HARDLY EVER HAPPENS, AND WHEN IT DOES THE LEADERS BECOME CORRUPT AND THE CYCLES STARTS ALL OVER AGAIN.
BANKRUPTCY SETTLED JULY 1, 2010 IN OAKLAND CALIFORNIA, IN THE HEARING THE FEDERAL JUDGE DISCOVERED AND ADJUSTED THE FEE I WAS BEING CHARGED BY MY LAWYER. WHEN THE FEDERAL GOVERNMENT STARTS FEELING SORRY FOR YOU, YOU KNOW YOU ARE AT THE BOTTOM.