Kim Canfield, Home ATM UserHere we go again! This broad and her jack-ass husband purchase a house that has been in their family since the 1920's, paying a mere $155K. Great. But what did they do next? Yep, you got it. Tap the home ATM, beeyatch. They refinanced 3 times for a total of $330,000! Why? Yep, you got it. Had to pay off credit card debt.
2008-02-17: Seeking protection
Kim and Robert Canfield filed for bankruptcy last summer to save their home from foreclosure. The Saugus couple makes about $5,500 a month after taxes. Their monthly mortgage payment had climbed above $3,000. The house has been in Robert's family since the 1920s, but they could no longer afford the payments.
The Canfields bought their home from a relative in 1996 for $155,000. For the next five years, they made regular payments on a conventional mortgage loan. Then, between 2001 and 2004, they refinanced three times, ultimately borrowing $330,000. They used much of the money to repay thousands of dollars in credit card debts.
"I guess I'm just stubborn," Kim said. "I want to keep my house."
(It's not your house, anymore, idiot.)
................................... $330,000 ...............................
The Canfields bought their home from a relative in 1996 for $155,000. For the next five years, they made regular payments on a conventional mortgage loan. Then, between 2001 and 2004, they refinanced three times, ultimately borrowing $330,000. They used much of the money to repay thousands of dollars in credit card debts.
"I guess I'm just stubborn," Kim said. "I want to keep my house."
(It's not your house, anymore, idiot.)
................................... $330,000 ...............................
2 comments:
They sure as hell didn't use any of that money to fix the house or buy furniture. Christ spend $10 and buy a real chair cover. That sheet makes me want to throw up....
I was thinking the same thing. That is a large sum of money. If they didn't spend it on the house or furniture, then what? Cars, vacations, food/dining, medical,...?
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