$1052 won't even get you a one bedroom apartment in my area. A house for that price is a steal.
@samh52182 жыл бұрын
That about what I am paying for a two bedroom little townhouse with a garage and my own little backyard. If I were to sell it and rent I’d be paying more then or around that for a one bedroom.
@CarnivoreStork2 жыл бұрын
Plus he can find another roommate. I seriously don’t understand his problem.
@blackworldtraveler37112 жыл бұрын
@@CarnivoreStork Some people don't want or trust roommates. No way I would buy a home I could not afford to have roommates.
@redfox_842 жыл бұрын
It's Alabama. ~200k house is why his mortgage payment is what it is.
@CarnivoreStork2 жыл бұрын
@@blackworldtraveler3711 Back in the ‘50’s-80’s everyone had roommates starting out. But I would agree now, it’s becoming harder to trust people.
@javiervazquezz2 жыл бұрын
Giving up on a 1k payment monthly for a home is a joke. You’re gonna be in a worst spot if you try to get into an apartment.
@larrybarbee4916 Жыл бұрын
Yup, same thing I said. I would be doing whether I can to catch up on the payments.
@Bertuzz84 Жыл бұрын
Yeah i never understood why they always want to sell the house and rent. I mean they obviously come from a place where incomes are high and house prices are low. So being priced out of the market isn't even on their radar. And on top of that, going back and forth between buying and renting is a huge money waste. It costs way more than being behind a few mortgage payments. Myself i'm living comfortable in a house that's got under a 50% debt ratio, and that i would be priced out of buying today. Because the average house price is 11 year salaries where i live.
@econocarr Жыл бұрын
He still might keep it. Dave gave him options to catch up but if his life is unstable worst case scenario he pays half the house and the bank repossess it anyway next time around and you are left with nothing. I wonder if his driving expensive car or has any other debts that may hinder the plan to keep house. We needed more details.
@AndroidDigest Жыл бұрын
He bought it less than a year ago. He can sell it, make some money, save up more money and get in a better financial situation. He gave him multiple options, but it's clear that there are cheaper rents out there. I ran into one bedroom apartment for like $500 just a few years ago. Yes it was small, like 500 square feet. It was in a decent part of St Louis. Not the most beautiful neighborhood but not the worst. There's plenty of lowering areas he could rent from and save some money if he really wanted to. It's clear he's in a desperate situation though and he can always save up and get another house
@ecclairmayo41539 ай бұрын
@AndroidDigest - Exactly. He can't afford the house right now but in the future he might.its best sell
@midkort2 жыл бұрын
Calls like this remind you why Dave is on the air. Thank you for all that you do, sir.
@davidloughrey4841 Жыл бұрын
No kidding!! Can you imagine this same call with if it was just Jade and George??!!
@fogandwhirlwind Жыл бұрын
Great will be his reward in heaven
@midkort Жыл бұрын
@@fogandwhirlwind Amen!
@JasonGroom Жыл бұрын
See and to me, it is calls like this that makes me realize he should be ready to retire
@r.n.3212 жыл бұрын
I work in the Emergency Dept as an RN Educator, and EMTs/Paramedics should be paid way more than what they currently make,, they honestly do alot on the field prior to bringing people to the hospital. Unsung heroes..
@dknowles602 жыл бұрын
48k is good pay in huntsville area
@EmpressMermaid2 жыл бұрын
I fully agree. They are some of the most underpaid members of the Healthcare team and a very vital part of it. The work is also both mentally and physically exhausting and PTSD is common.
@blackworldtraveler37112 жыл бұрын
It's not a big expensive city.
@dknowles602 жыл бұрын
@@blackworldtraveler3711 wrong i live apx 70 miles away you dont
@KatrinaTrys2 жыл бұрын
My husband is a paramedic and I agree 💯...
@hanghad76452 жыл бұрын
Very cheap mortgage payment. He has some other issues like spending habit with debt
@wldktz1 Жыл бұрын
His take home would only be around $2800 a month. He’s missed approximately 10 24hour shifts. That’s a $4000 hit to his finances.
@mciti25942 жыл бұрын
That payment amount is unheard of these days. I’d do whatever it takes to save that house. You can do this!! 🙌💪
@Bibleguy89-uu3nr2 жыл бұрын
It’s not unheard of he has a 30 year.
@mciti25942 жыл бұрын
@@Bibleguy89-uu3nr It is considering interest rates have gone through the roof now.
@IRLSuperb Жыл бұрын
And I was complaining that I’m paying 1200 on mines but it is worth a lot more than he’s at 260k . things have gotten tough when it comes to mortgages nowadays
@dianecelento49742 жыл бұрын
You're paying less than you can get an apartment for. Keep the house anyway you can.
@dianecelento49742 жыл бұрын
@@ericcarlin I got that. On another comment I recommend he apply for mortgage relief to get caught up on his missed payments. He can then then fix up his house.
@craigslistrro7092 жыл бұрын
@@dianecelento4974 I agree with this..
@Bnhuskins2 жыл бұрын
You’re not paying less especially in this situation. He should try keeping the house but he will pay more in the short term over renting.
@blackworldtraveler37112 жыл бұрын
Actually he is not. He could rent cheaper and pay less each month to heat and cool. Look it up.
@patty1091092 жыл бұрын
No he’s not. His house needs work he cannot afford. And it won’t stop there, either.
@dimediamond2 жыл бұрын
Hope he can pull through and save this home. Sending positivity his way.
@Gruuvin12 жыл бұрын
@user-my4iv6pp7l is that better than "sending positivity"?
@trainsandlocomotives2 жыл бұрын
And hopefully learn from this
@oldbloke2042 жыл бұрын
@J C Why?
@donnaatienza80012 жыл бұрын
Me too.
@donnaatienza80012 жыл бұрын
I sure hope this young man won't end up losing his home! God bless him!
@Chieffg2 жыл бұрын
i just checked and 1br apt in his area are renting for more than his mortgage payment....he should keep the house and try to get current cause renting is worse !
@Aznmf2 жыл бұрын
Guarantee he has a truck note of 1000 a month. Got to have that Silverado, f150 and or tundra
@evelyndaisy97222 жыл бұрын
And an expensive wife or girlfriend 😂
@trainsandlocomotives2 жыл бұрын
@@evelyndaisy9722 yup
@ceciliapetrowsky25722 жыл бұрын
I’m shocked that Dave didn’t ask him about that.
@dknowles602 жыл бұрын
@@ceciliapetrowsky2572 me too
@blackworldtraveler37112 жыл бұрын
Yup there’s something he’s not saying.
@christians1312 жыл бұрын
The first thing I’d be trying to do is rent out rooms on top of working extra hours. I’ve met a few people who’ve done kinda extensive (in my mind at least) renovations with some borrowed tools and KZbin university
@ChristopherAbelman5 ай бұрын
A lot of folks have been going on about the bull rally and said stocks that would be experiencing significant growth, any idea which stocks this may be? I just sold my home in the Boca Grande area and I’m looking to remunerate a lump sum into the stock market before stocks rebound, is this a good time to buy or no?
@PennyBergeron-os4ch5 ай бұрын
It’s hard to nail down specific predictions for the housing market because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.
@JosephineKenney5 ай бұрын
Such market uncertainties are the reason I don’t base my market judgements and decisions on rumors and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of a broker, before I started seeing any significant results in my portfolio, been using the same Adviser and I’ve scaled up 750k within 2 years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.
@HildaBennet5 ай бұрын
Do you mind sharing info of the adviser who assisted you?
@JosephineKenney5 ай бұрын
Her name is Sonya Lee Mitchell. Hope that helps
@HildaBennet5 ай бұрын
Just copied and pasted Peoples on my browser and her page popped up immediately, thank you for saving me hours of researching.
@albertopazos65812 жыл бұрын
He said ugh for 1985 house lol my house is 110 years old and thank god still standing very strong
@jimmymcgill67782 жыл бұрын
Mine is one hundred sixty two years old.
@catholicfaithofmine26642 жыл бұрын
Mine was built in 1954. We've done a lot to it as I still had original sinks toilets and bath. I save money then do the repairs. I don't go into debt making the repairs
@goodgirlvicki2 жыл бұрын
My house is 75 years old lol but my brother and I had to do some updates on it.
@cutlerylover2 жыл бұрын
Mine was made in the 80s too but has sever animal damage so my electric is FUGGED...Its not always about a house not being built well...BUT my wifes mothers home is over 100 years old and has plenty of life left :)
@superblump872 жыл бұрын
Dave had that reaction because the house isn't very old and he knows it shouldn't be having insulation issues. Could be a sign of poor quality that could lead to other issues.
@garrettmesser39772 жыл бұрын
I paid $1100 a month mortgage when I was only making $30k a year. It’s doable if you’re responsible with your money.
@OUTDOORS552 жыл бұрын
Same👍
@tezh5897 Жыл бұрын
Thats REALLY tight man! Literally no room for error when making that kind of payment with that kind of income.
@ecclairmayo41539 ай бұрын
@@tezh5897- exactly. Plus all of the repairs and maintenance. He can't afford this house
@HairyTornado2 жыл бұрын
I don’t think the house is the issue. I mean if he sells it he still needs a place to live and I doubt he will find rent for much less than his payment is. He just needs to work more and get on a budget.
@donaldlyons172 жыл бұрын
No he seems to have an income vs. expenses issue but in some cases it can't be solved easily.
@lyndaslocs2 жыл бұрын
It seems like he should be able to pull this off. He's got a solid career. New houses can have nasty surprises in spite of having passed the inspection.
@kbanghart2 жыл бұрын
I'd much rather have a newer house than older
@klintous2 жыл бұрын
@@kbanghart his house was built in the mid 80s, that is on the side of a newer property, relatively speaking.
@jcfisher49882 жыл бұрын
@@klintous uh uh, house in the 80s are almost 40y ears old and could have any combination of problems that arent cheap
@travisjames9292 Жыл бұрын
This is the truth. We got our house. Everything passed inspection. Bought in the fall, the septic failed in the winter, and the dog blew her knee out. Then, our daughter was born the following year. Between the dog and septic, it was 35k. Then, 2 years later, she blew out her other knee. 😅
@choiceeyegheleme42972 жыл бұрын
Dave should have asked him about other debts. Four months behind is a lot for someone employed.
@user-zu2bw7ig5v2 жыл бұрын
Exactly what I was thinking
@catherinewilke55835 ай бұрын
Right? I’ll pay the arrears and take the house 😂
@r8alvar2 жыл бұрын
I bought mine for 81k in 2012 and paid it off in 2021. now it is valued at 240k. I can't imagine going into debt for the prices of today.
@adamr.kalucki43472 жыл бұрын
Houses here in nyc are one million.
@r8alvar2 жыл бұрын
@@adamr.kalucki4347 that is insanity.
@galupproperties30982 жыл бұрын
I paid 52k in pa 2015 from my uncle who didn’t wanna do the improvements needed to sell the house. Lol. It’s 750 square feet.
@ccjdis2 жыл бұрын
Try to keep the house. It will be best for you even though you cannot see it now.
@mamaneedsagrande2 жыл бұрын
Having a 3-6 month emergency fund could’ve prevented this. If he got sick and couldn’t work for a while having an EF would’ve provided that cushion. Sounds like other debt is in play here as well.
@alinatamashevich33542 жыл бұрын
He got some baby momma payments or a big truck....or both
@littleripper3122 жыл бұрын
@@alinatamashevich3354 He's 23 so I doubt he has baby momma payments. He's made some very poor financial decisions and got himself into a hole. He's 23 so it will be okay, he has time to change and learn.
@OTOWN2STOCKTOWN2 жыл бұрын
That name tho
@alinatamashevich33542 жыл бұрын
@@littleripper312 Yes young men are very responsible . My mistake
@shaynesbuzzworld33912 жыл бұрын
@@littleripper312 I’ve known a 23 year old man with baby momma payments monthly to support two kids after the divorce.
@profitmix4412 жыл бұрын
Dave is about to buy this guys house and he’s going to pay 1,500 for rent
@amtraker2 жыл бұрын
Jade brings in a great energy to Ramsey... love it !!
@jimmymcgill67782 жыл бұрын
If he cannot find a rental for less then the mortgage, he should not sell. He brings home 4k a month. He can afford to keep the house.
@milleniumann282 жыл бұрын
Exactly I doubt he can find a rental for cheaper.
@Yaya-cl3tu2 жыл бұрын
After taxes, he does not bring 4k home per month. 48k is peanuts, honestly.
@jimmymcgill67782 жыл бұрын
@@Yaya-cl3tu I assume that is take home. Because he always ask for take home pay.
@GwenMotoGirl2 жыл бұрын
$48k gross does not net $4k per month. Not even close.
@jimmymcgill67782 жыл бұрын
@@GwenMotoGirl 48k divided by twelve is 4k.
@kennethkoppel19342 жыл бұрын
In the same boat, but did construction and got too far behind to recover. Just trying to get ready to restart
@tvrecepion2 жыл бұрын
I’m less than half way through this video, and there is more to this story than the caller is revealing.
@Chinunit222 жыл бұрын
1052$ for mortgage? Wow!!!
@redfox_842 жыл бұрын
That's normal for a house that isn't 400k+.
@Chinunit222 жыл бұрын
@MrBean Living in Colarafonia Denver average mortgage rate here is over 3500$
@OtisFlint2 жыл бұрын
@@redfox_84 Depends where you live. A 2 bedroom here is $2500 minimum.
@chucklarry1726 Жыл бұрын
No money, no government help, and no help from family about to lose our childhood home need prayers please God bless.🙏 😢
@jjw13095 ай бұрын
Same please God
@fxdnny2 жыл бұрын
Haven’t heard these type of calls in a while.
@Epidombe2 жыл бұрын
Im glad to have a break from “hi i have 1200 in debt only and im trying to figure out how to tackle it.” And by the end of the call they disclose that theyre 80k in the hole with a 400k mortgage. Making 37k a year a toothbrush cleaner
@harrydiaz81222 жыл бұрын
Horrible advice, it’s a budgeting issue not a house issue. He’s gonna pay the same at an apartment
@reesercliff2 жыл бұрын
if he can't afford this low mortgage payment what makes dave think he can afford to pay rent?
@superblump872 жыл бұрын
If he can't afford the mortgage payment then he definitely can't afford repairs. Renting is less expensive.
@blackworldtraveler37112 жыл бұрын
He has better options with renting something as small as a studio apartment with only an electric bill than stuck with a large house he can't afford with multiple bills.
@redfox_842 жыл бұрын
It sounded like his house needed major repairs.
@dknowles602 жыл бұрын
@@superblump87 not in huntsville
@superblump872 жыл бұрын
@@dknowles60 house repairs are free in huntsville?
@Mohammad_Parwez Жыл бұрын
There is another option to get a cash buyer for your property that can buy and close in 2-3 weeks. That way you can sell your property even before it gets to the foreclosure stage. Recently my mentor Smarty shared a story about a woman from PA who was just 1 week away from her property taken away from the bank. She saw the ad from Smarty and called her who in turn got her a Cash plus deal where the cash buyer not only purchased the property at the fair market price but also fixed it and resold and shared the upside with her. Do not let the banks take away your property, equity, credit rating, your self esteem and your peace of mind.
@Fishouta2 жыл бұрын
Not so great insulation in the attic and electrical surges are not going to be found on a standard home inspection. The surges are likely not stemming from the house anyway. Homes do not have power conditioner on them. Surges come from your power company.
@Jaystyr4242 жыл бұрын
EMTs definitely deserve more money. Having said that, what is wrong with this guy!? It's relatively easy to pick up overtime in this field. There is a huge need and this guy needs to hustle a bit more. It's really not that difficult
@MexicanWorkEthic2 жыл бұрын
I know homeboy is in AL but $1100 a month for a mortgage is not bad at all. Don’t know why Dave didn’t ask more about his debt and budget. He likely can fix this and keep the house but more needs to be asked.
@ripwins2 жыл бұрын
THIS IS THE 1ST OF MANY FORECLOSURES CALLS....THE RECESSION IS HERE🥺
@dknowles602 жыл бұрын
this one is fixable
@mapachehombre1581 Жыл бұрын
If you owe the bank a $100 your in trouble if you owe the bank a $1,000 the banks in trouble
@amireallythatgrumpy6508 Жыл бұрын
If you owe the bank $1,000 you're still in trouble. If you owe the bank $1,000,000 then the bank MAY be in trouble.
@hbarudi2 жыл бұрын
Try to keep the house unless you can find an apartment for less than $750/month.
@markhoffman2 жыл бұрын
Legend has it, after the call the gentlemen bought a timeshare in Hawaii.
@djpuplex2 жыл бұрын
Can't make $1052 a month. Wow rent would be spot higher.
@Epidombe2 жыл бұрын
But likely not as expensive as the heating and cooling on a house with noticeable air leaks and power surges breaking your electronics.
@dknowles602 жыл бұрын
@@Epidombe wrong
@Epidombe2 жыл бұрын
@@dknowles60 care to post proof of that?
@dknowles602 жыл бұрын
@@Epidombe you dont live near the area i do
@donaldlyons172 жыл бұрын
@@Epidombe Wow that is scary but a serious issue at the same time.
@plants4thewin2 жыл бұрын
I like that "Its not to abuse the system, its to give you peace while you GET YOUR SH&% together"....thats not how he put it, but I think its a good message.
@lagarde20112 жыл бұрын
Would have been good to know more about the caller's financial situation. What are his other expenses beyond the mortgage. Maybe a car or other asset could be sold or downsized to raise the necessary cash. We're only talking about a few thousand dollars here.
@pseudonymshqipe8542 жыл бұрын
Lol
@pseudonymshqipe8542 жыл бұрын
True
@pseudonymshqipe8542 жыл бұрын
A 1 bedroom apartment in New Jersey would cost you over $1,200 a month in the majority of the state.
@edhcb93592 жыл бұрын
If I honestly thought giving this kid $4200 would solve his problems I would give it to him so he wouldn’t lose his home. But there are other hidden issues there.
@antinormality2 жыл бұрын
He’s only $4,200 behind and it was due to a temporary situation. He can pay off a $4,200 debt and keep his house. Next he should work the baby steps and get the rest of his finances in order. I don’t think the house is the problem. I think the debt is the problem. Getting a roommate or two would also change the situation for the better.
@donaldlyons172 жыл бұрын
Roommates with too little money or no money might make it all worst. In my experience people want to rent rooms because they need a place to stay not because they just want a room... The need creates issues in part because ability to pay is not linked to need.
@karinalopez1225 Жыл бұрын
I'm pretty sure that it is way more than $4,200, you are forgetting late fees, maybe by now attorneys fees if they already started the foreclosure process and sometimes even if you have insurance they will add insurance. I know this by my own experience.
@jimroscovius2 жыл бұрын
He just has to quit eating out and going out with his buddies.
@unfairsanic50892 жыл бұрын
He can still go out with his buddies but leave the card back home
@rodneyscott71082 жыл бұрын
You have no idea what you are talking about. You don’t know if he parties too much or tithes to his church. Or if he eats out all the time or helps other family members financially. Of course it is obvious from your comments that you are not trying to be helpful or supportive to the guy, who is, after all, a first responder, who works long hours to help keep people safe. Seems like a little compassion might be in order.
@olgasuner9992 жыл бұрын
I feel as Dave has a good heart you can hear in his voice as how much he wants to help this fellow and being himself in that place in his life he understands and connects with caller(s).
@americafirst91442 жыл бұрын
Maybe Dave should start a non-profit to help the truly deserving out of rough financial spots.
@justinshearer81802 жыл бұрын
I would work a bunch of overtime and get current on the mortgage then keep working overtime save that money and repair the house after that you can choose to get a roommate if needed because mortgage probably isn't much more than a one-bedroom apartment
@spoodoc72722 жыл бұрын
Rent over 2K and one week behind = eviction and homeless tents in city side walk
@gessrinky91292 жыл бұрын
Man if I was about to lose my house I’d strap an N95 on and head to work….
@jimroscovius2 жыл бұрын
It sounds like he's making excuses. You should never have bought a house.
@stevenporter8632 жыл бұрын
$1,052/month mortgage at his salary? There is more to the story (debt) than he is saying.
@april46572 жыл бұрын
He's 23, he has time to learn from this
@jimroscovius2 жыл бұрын
@Steven Porter That's what I was thinking. I was laid off four times while my mortgage was over $1100, and still could pay it.
@codegeek-il5fm2 жыл бұрын
FHA only requires 2.5% down. I know we want to help Vets etc but that is way too much risk to take. if you cannot put 20% down on a house, you should not buy that house.
@DJ_Patent2 жыл бұрын
Well he bought it. How’s that help now?
@UseYourManners1236 ай бұрын
My husband, a nurse had Covid, he was almost dead, he was in hospital for 2 weeks and sick 2 before and after he was on oxygen for 3 months couldn’t work, I took care of him and our little boy. He finally was able to recover and got another job. Them he got Covid again he was weak, lost so much muscle, he missed more work then had to get another job then again he got sick! We were able to defer payments. Thank goodness. My house was purchased as a foreclosure at 90 I put down 20. It’s now worth 200-250. We now owe it 50! It was close !
@dannelson91242 жыл бұрын
I'm sure he has other debt the house is not the problem.
@probablynot13682 жыл бұрын
I agree. He must have been dependent upon having roommates to help make the mortgage payment. The drafts in the house and the electrical issues probably help drive the roommates away. Sounds like he bought the house without having an emergency fund.
@blackworldtraveler37112 жыл бұрын
Bought a home he couldn’t afford laced with FOMO.
@jackiemehauff662 жыл бұрын
He can move in with you. Where is he going to live for $1000 a month? mom's
@joshw74152 жыл бұрын
Agreed
@donaldlyons172 жыл бұрын
@@jackiemehauff66 Depends on how cool your landlord is. The people that used to leach off me were only asked for 200$ each month per person and rooms back then were going for about 400$ per room at the minimum (500 to 600 more typical) so if the landlord offers him a place for cheap it might be a great opportunity.
@barnabusdoyle49302 жыл бұрын
I’ve always wondered why medical professionals work such unusual and brutal shifts.
@patty1091092 жыл бұрын
Pro tip: houses are not a blessing if you’re living on the margin
@markmurrell18942 жыл бұрын
First time I've ever not heard Dave ask, "how much is your car payment?" He may have a 600 car payment.
@jackiemehauff662 жыл бұрын
sell the car for a cheaper one. Dave 101
@CroisMoi Жыл бұрын
I think having other people on with him is very distracting. All they do is agree with him anyway.
@manuellinares1737Ай бұрын
If you speak with your lender, you still have options. You can ask for a forbearance or ask them if you can move the past due amount to the back end of the loan. You may still want to make extra payments to make up for those, but you will be back to being up to date on payments.
@dianecelento49742 жыл бұрын
He might be eligible for mortgage relief program (HAF) grant. Please if you're reading this call them and apply. It's a grant that will cover your past mortgage and or property taxes. You never have to pay it back, it's a grant.
@dknowles602 жыл бұрын
property taxes are in the mortage payment unless the guy put down 20% dont think the guy out down 40k
@stabilitypath49632 жыл бұрын
@@dknowles60 he did FHA even if you put 20% down pmi it’s required and Tax & insurance to be included regardless of down payment in FHA loans!
@nate3972 Жыл бұрын
How did no one stop Dave and ask why he would list the house for sale if he's planning to work overtime and get current on the loan? You only need to do one or the other
@Beautifuluproductions Жыл бұрын
Interrogate the hell out the guy dag! lol
@heslind2 жыл бұрын
In the good times you need to prepare for the bad times
@rachelharrison79612 жыл бұрын
Don’t waive the house inspection!
@beverlyness79543 ай бұрын
I wish I'd known even a small amount of this information before I put my condo up for short sale during the housing crisis. Of course it was my fault in the first place for buying more than I could afford. I lost so much in equity and the ability to purchase a home in the future, I'm still living with the consequences today. Keep the house any way you can - it's an incredible price for both house and monthly payment.
@rainacherienne10102 жыл бұрын
Lots of good info from Dave here and actual help, really nice. Hope the guy pulls through and learns, that’s weird he doesn’t have a few thousands emergency fund to use now.
@summerforever67362 жыл бұрын
good info? he told him to sell the house
@rainacherienne10102 жыл бұрын
@@summerforever6736 Where he told him to sell? He said to work more and save the house and gave practical info about how foreclosures work, like you need to be behind 6-7 month etc.
@summerforever67362 жыл бұрын
@@rainacherienne1010 he said to get in touch with his agent
@rainacherienne10102 жыл бұрын
@@summerforever6736 True, in case he won’t pull through, it’s good to prepare for the worst.
@3rddegreeburns4942 жыл бұрын
Why sell the house? $1050 mortgage is probably cheaper than renting an apartment. I don't see where his money is going with just missing some work. No savings? Must have a car note that's sky high.
@catherinewilke55835 ай бұрын
Or he’s paying bills for a gf or family
@3rddegreeburns4945 ай бұрын
@@catherinewilke5583, possibly but to the point it puts you in jeopardy? I'd be telling someone "No" for a change. People bad with money tend to blow through theirs and then yours too, if you let them.
@catherinewilke55835 ай бұрын
@@3rddegreeburns494 most of these relationships are codependent, so the person with money is a chump.
@13soaringeagle2 жыл бұрын
If he got sick because of his job he should have been covered by Workman’s Compensation. No reason to sell the house to only start paying 50% extra for rent. Why can’t he get roommates now? A 3 bedroom for a single guy is too much house unless you are house hacking
@dknowles602 жыл бұрын
also has sick time
@leatharay35652 жыл бұрын
Has to be an injury
@kayn27562 жыл бұрын
He is poor at managing his money. He makes enough money but he is immature. Even if he sells and move to renting, he is still gonna be facing eviction. 48k and can't afford 1k a month?
@donaldlyons172 жыл бұрын
Well depends on what the issue is.....
@anacorreia80582 жыл бұрын
No excuse for not being able to pay rent/mortgage if you make 4x the rent/mortgage, none
@donaldlyons172 жыл бұрын
@@anacorreia8058 Well you do realize there are people out there who have bought some stuff at such a high price they can't pay right? I used to live with one dude who made 600$ and he could not pay 200$ often. And another dude made at least 800$ but also could not pay 200$ (because of child support). So those two are proof making multiple time the rent amount does not make people able to pay!!!! Nothing personal but you seem to think in theory not in reality.
@pawelwisniewski68492 жыл бұрын
@@donaldlyons17 in reality you don’t do business with people that make $600 or $800 a month , they should make this per week or more
@donaldlyons172 жыл бұрын
@@pawelwisniewski6849 Well income is income. It is not like everyone is making 600 to 800$ per week!!!! You do realize someone making 2000 per month only makes 500 per week? And plus places to stay have been getting more and more expensive and it is also possible to make less than it cost to break even anyway.... Also talking about what people should be making has little to do with what people do make but the point was that there are factors besides income that effect ability to pay. Beggers can't be choosers....
@Teamshmo2 жыл бұрын
He only needs $1000... Where is he spending his money? He has a three bedroom house too. Get two roommates for $500 a month each and you can make the payments again. Work at McDonald's on the weekend and you can get caught up on the behind payments and not even touch your first job's income. If this was needing an extra $5000 a month like it would be in an expensive area things would be a lot different, but his current situation can be solved without selling.
@Aznmf2 жыл бұрын
2022 f150 . 800 dollar note. 300 dollar a month gas and 200 dollar a month comprehensive insurance.
@annarebecca33842 жыл бұрын
No, his payment is $1052 per month.
@harrydiaz81222 жыл бұрын
Agreed, Dave gave horrible advice. It’s a budgeting issue not a house payment issue. He’s gonna pay the same at an apartment.
@donaldlyons172 жыл бұрын
@@harrydiaz8122 He might not be able to afford the repairs AND the other expenses so looking for a cheaper solution might be faster than trying to afford what he already can't.
@jusplay7309 Жыл бұрын
1985 is a new house not even 40 years old. Most homes around me are like 70 - 100 years
@leadrecruiter2 жыл бұрын
I would stop paying all my other debts and bills for two months and use my full paycheck to clear my mortgage. I am assuming he has no kids. But i get the feeling he is tired of this house.
@dknowles602 жыл бұрын
but rent will always go up
@kbanghart2 жыл бұрын
@@dknowles60 but people in his situation don't always see that
@michelesavino19287 күн бұрын
HOA Delinquent Monthly Assessments have sent me to collections. My assessments are high because a $6,000 balcony project assessment was placed in an installment loan adding $140 each month on top of $635. Collections wants $$8,000. Will accept a settlement request letter. My condo is paid in full. I’ve owned it 20 years
@jackiemehauff662 жыл бұрын
DAVE, WHERE IS HE GOING TO LIVE FOR A $1000 A MONTH? YOU SAID YOURSELF, THAT THE HOUSE IS GOOD VAULE. .......BAD ADVICE!
@georgiesmith1062 жыл бұрын
He’s trying, plus he is 23 years, he needs good mentor. Get roommate…
@unfairsanic50892 жыл бұрын
Bad idea to get a room mate. He can live by himself
@blackworldtraveler37112 жыл бұрын
He need a home he can afford.
@georgiesmith1062 жыл бұрын
Why would getting roommate bad idea…?
@georgiesmith1062 жыл бұрын
185,000$ dollars house is very affordable house on his salary.
@linhaton49572 жыл бұрын
I didn’t realize that EMT’S we paid so low.
@nephetula2 жыл бұрын
Can't make a $1050 house payment while making $48k? Hoo boy...I think there's an awful LOT we're not being told here. (He's been slacking on the 4+ days he has off every week.)
@Seromontis2 жыл бұрын
We are going to get a lot more housing issues with the people who did not get inspections due to the housing craze. Expect a nice 10% dip at least.
@dknowles602 жыл бұрын
most houses can be repaired cheap
@A.--.2 жыл бұрын
Ramsey Realtor is going to sell it to Ramsey.
@jackiemehauff662 жыл бұрын
lol TRUE! $$$$$$$$$$$
@annarebecca33842 жыл бұрын
Wait. Catch up on the mortgage payments AND put the house up for sale? Seems like one or the other should be the plan...
@MichaelAnderson-wk1no2 жыл бұрын
The house could take a while to sell, especially if it's not in the greatest condition. It's probably best to do everything he can to solve the problem and not place all of his bets on the house selling in time.
@cjblance6869 Жыл бұрын
Get a roommate or AirBnB those extra rooms. Apply for a loan mod. Don't sale your house.
@miryamishot5 ай бұрын
That's me right now, my ex who I'm still unfortunately married to pretty much left me without any money so now I'm having to pay one of the mortgages on my own spending the bare minimum. I'm not even grocery shopping as much anymore. Everything is the bare bare minimum,
@volvo89382 жыл бұрын
you can drive uber and afford that house payment, something else is going on
@BagsNBaguettes_3272 жыл бұрын
Sounds like to me like he’s not working enough. Dave didn’t ask about what other debt he has which plays a factor on him not being able to pay his CHEAP mortgage. Good luck finding rent for anything lower.
@Primitive_Code2 жыл бұрын
He can find rent for cheaper than that mortgage which is pretty cheap. Should have never bought a house at 23 years old.
@unfairsanic50892 жыл бұрын
He can find cheaper rent, i live in texas and paying 879 a month including renters insurance and there alot of apartments being built rn this year
@kbanghart2 жыл бұрын
@@unfairsanic5089 what part of texas?
@jackiemehauff662 жыл бұрын
Dave given bad advice just to help the realtors that pay Dave.
@jtowensbyiii60188 ай бұрын
I hope he didnt sell, the cheapest monthly payment he can get today is MORE THAN DOUBLE that price
@MYTMIC Жыл бұрын
Can't afford that on 48k, sell the house ASAP
@philk82822 жыл бұрын
Should try to sell it on his own for 30 days while he gets his finances together instead of losing 5-6% to a realtor right off the top. Dave telling him his house will sell quick at that price is short sighted at best. Plenty of cheap houses in Huntsville and newsflash the buyer pool has dried up
@1dontknow43212 жыл бұрын
Right. Sounds like a lot of things wrong with house that has to be disclosed and decreases value.
@Bertuzz84 Жыл бұрын
5-6 % for a realtor ?! Here they sell your house for 1.25-1.75%. Looks like realtors are really making bank off of you suckers lol. Selling the house sounds like a dumb idea. He might end up being priced out of the market. I know that it's hard to believe in areas with high incomes and cheap houses. But even in America houses are now 6.5 year salaries. I know thats it's not yet 11 year salaries like it's with us. But i would be carefull nonetheless. Lots of well paid professionals are stuck renting the rest of their lives because they didn't buy in time.
@rachelscanlon58052 жыл бұрын
Don't sell the house! How can a single guy making a base of $48k with potential to go get more hours not manage to find $1000 per month?
@wldktz1 Жыл бұрын
He’s probably only bringing in $2800 a month just for his base take home pay. That’s not a whole lot when you factor in other bills. He probably has medical expenses along with missing pay due to missing work. If he misses 10 shifts that’s approximately $4000 in missed take home pay.
@brucefredrickson96772 жыл бұрын
Yep...too young. "I realize I got myself into a situation."
@skinnydog4Ай бұрын
I definitely need help. My house is just now in foreclosure. I have an fha
@mrsmith13392 жыл бұрын
EMT's can pick up all the extra hours they can handle with other agencies, or non emergency patient transport. There are many more medical calls than fiire/rescue. I'm glad he is 24 and can handle it. What can you rent ofr $1000? I think the caller can work his way out of this.
@dknowles602 жыл бұрын
he can
@jreinel19662 жыл бұрын
1050 dollars and a health care worker?..i used to have a house paying 3495 a month,my job a limo driver,i lost my house when i got divorced..!
@blakegarritson10562 жыл бұрын
23? He sounds like 40?
@meliiajikal2 ай бұрын
He just country 😂
@mantra11822 жыл бұрын
Dave, you need some mortgage pro's on your team. This guy should ask about a loan remodification. He needs to work with his current lender to explore his options.
@dknowles602 жыл бұрын
been there My banks stated we dont need to any thing PMI will pay us if we have to Forclose
@stephaniecarleton31172 жыл бұрын
I think he should keep the house
@klintous2 жыл бұрын
People like this raises the price/costs for normal responsible people that have a mortgage. 🙄
@Matt-cr4vv Жыл бұрын
I’d try to find a way to make that work because it seems hard to event rent somewhere for materially less than $1K a month. I’d be hunting for some roommates or something but hard to let go of a cheap home unless you can replace it with something much cheaper.
@deadcell16 ай бұрын
Depends on the location. In certain parts of Texas you can rent a 1 bedroom for $500-$600/month. You can't even get a room for that amount in my state.
@Losermachine358 ай бұрын
Food house bills and fuel are insane right now tho so this strategy is hard!
@CodyErhart-q2e6 ай бұрын
We help people all day long keep their homes as well as help them sell their homes and keep their equity. Feel like this could have been better. Most people should actually be able to make money in this situation. Why is he not bringing this up as a #1 option?
@Mack.of.all.trades2 жыл бұрын
Sell your car, get current on the payments and then take rides to work for a month while you can get a car
@jeremyt77522 жыл бұрын
FHA and VA loans have strict regulations. The condition of this 1985 house can’t be that bad.
@boots9112 жыл бұрын
Bad advice. He needs a personal loan to get current and then work overtime. Rent is probably 1600 in his area. You expect him to pay almost half of his income for rent?
@OTOWN2STOCKTOWN2 жыл бұрын
Dave is not a fan of loans to put it mildly
@jeromehenry44842 жыл бұрын
A personal loan is a good idea, but there's a high chance his Debt-to-Income Ratio is out of whack, so he will not be qualified at this time.
@theqyldguy4473 Жыл бұрын
Work a second job on top of 24 hour shifts? Impossible.
@MyrnaGee11 ай бұрын
What is your advice if the bank/lender threatening to foreclose is a second mortgage? It was initially a HELOC many, many years ago that they termed out and made a regular loan. The balance remaining is only around $18K (monthly 290.00) but did fall several months behind. Just received a summons that they are planning to foreclose. They also named my HOA in the suit!!!
@iraklidzamukashvili9683 Жыл бұрын
I am facing same kind of problems.I might loose my first house that I love…I have only 6/7 weeks left. Any advice will help… God belss