In 2003, my wife and I took out a loan to buy a three-family home. We rented out the spaces we weren’t using. She was an accountant. I was a carpenter. We raised our kids there. Then the 2008 recession hit. I could no longer find work, and my tenants struggled to pay rent. I applied nine times to the loan modification program, with no success.
By 2010, I could no longer make payments. The bank expected me to pay $3,700 a month, but my one tenant left was paying only $1,500 a month.
Unemployed, I couldn’t come up with the rest. This created tension between me and my wife. After being married 22 years, she left with our children. By 2013, the bank foreclosed my home. Fannie Mae took over my account, and sold my house to investors, who sold it to a private company. Now, alone, I’m facing eviction. This ordeal has made me suffer more than you can possibly imagine.