How Did You Not See How Unbelievably Stupid This Was?
The Ramsey Show Highlights
Ramsey Network
4.5 • 840 Ratings
🗓️ 3 November 2025
⏱️ 9 minutes
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| 0:00.0 | Brought to you by the Every Dollar app. Start budgeting for free today. |
| 0:06.5 | I'm a young veteran, and I joined the military right out of high school. I did my four years, |
| 0:11.4 | got my degree. And two years ago, at the age of 22, I moved my wife and kid to Florida |
| 0:16.5 | to start a military-sponsored internship program at one of their approved companies. |
| 0:22.2 | At the end of that internship, the owner of the company |
| 0:24.5 | promised me $180,000 salary if I bought his house. |
| 0:28.8 | That promise was put into an offer letter |
| 0:30.6 | and an employment contract, |
| 0:32.4 | and that offer letter solely qualified me |
| 0:34.6 | for no money down VA Jumbo loan. |
| 0:37.1 | So I proceeded to buy his house for |
| 0:39.5 | $830,000 with an $845,000 mortgage at a 6.75% interest rate and a nearly $7,000 month |
| 0:49.0 | payment. Immediately after I closed, he cut my pay, making that offer letter fraudulent. |
| 0:55.0 | And over the course of the past two years, my pay's progressively been cut as he ran the company to the ground. |
| 1:01.0 | And as of two weeks ago, I'm completely unemployed. I'm owed over $150,000 in wages. |
| 1:08.0 | I've since vacated the house. I got a rental house for my wife and kids. I start a new job |
| 1:13.3 | tomorrow, but I'm being forced into a short sale and will be about $200,000 underwater. So my |
| 1:21.0 | question is, what would you do if you or me and what are my options to minimize the damage to my credit |
| 1:25.8 | and my future home buying privileges. |
| 1:32.3 | So at what point in this process and how many times in this process did your heart try to tell your head how stupid this was? |
| 1:45.9 | I could tell you a long story of how I was convinced it was very legit company. |
| 1:52.0 | I mean, I interviewed to do this. |
... |
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