My Daughter Bought a Condemned House With Her Boyfriend

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Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 1 July 2021

⏱️ 4 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Ramsey Call of the Day is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Christy Wright, Anthony ONeal, and Dr. John Delony. Part of the Ramsey Network. Delivered to you five days a week. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Ramsey Call of the Day, part of the Ramsey Network.
0:11.4	Jennifer's in Champaign, Illinois.
0:13.7	Hi, Jennifer. How are you?
0:15.8	Hello, Dave. I'm blessed today. How are you?
0:18.9	Better than I deserve. How can I help?
0:21.9	Okay. I'm calling on. How are you? Better than I deserve. How can I help? Okay.
0:22.6	I'm calling on behalf of my daughter to see what I can do to possibly help her out of a situation that she has gotten herself into.
0:32.6	She's a single mom with two school-aged kids.
0:35.8	She has a good job where she makes about $32 an hour and has some excellent benefits
0:42.1	with that.
0:43.8	Unfortunately, she has a lot of debt and not a lot of assets.
0:49.8	In her case, what the situation did she get herself into?
0:58.0	She bought a house that was condemned.
1:05.1	Why? With a gentleman. Because she was with a significant other who talked to, well, basically she went along with the, drank the Kool-Aid and went along with the story.
1:10.3	Unfortunately, her name is the only one on the loan, and it's a personal loan.
1:15.5	It is not a house loan.
1:17.5	So how much does she have on the personal loan?
1:21.1	Her personal loan is right around $24,000.
1:24.8	Is the property in her name?
1:27.5	It's in both their names.
1:29.6	Where's Goober?
1:30.7	Where'd he go?
	...

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