We Were Victims of Fraud

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 28 October 2023

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today's episode features Ken Coleman & George Kamel. The Ramsey Show Highlights 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, Dr. John Delony, George Kamel & Jade Warshaw. Part of the Ramsey Network. Delivered to you seven days a week. Budget for free with EveryDollar: Click Here The Ramsey Show Listener Survey: Click here to be Entered to Win a $500 Gift Card!!! Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	brought to you by the every dollar app start budgeting for free today we're going to
0:07.0	Courtney who's joining us in raleigh north carolina Courtney how can we help
0:10.9	hey thank you for taking my call you bet um so we just um completed a very significant home repair, very unexpected, for about $270,000.
0:25.4	Oh, my gosh.
0:26.5	Hold the phone.
0:28.3	Did it burn down and you rebuilt it?
0:32.0	We were actually victims of fraud.
0:35.3	Oh, no.
0:36.2	There was significant water damage, termite damage, a lot of issues that were hidden.
0:43.9	Oh, so they sold you a house that was just a disaster, and you didn't know it.
0:48.9	Is that what I'm hearing?
0:50.7	Yes.
0:51.3	Oh, my gosh.
0:52.0	But 270 grand, did you just gut this thing down to the studs and start over?
0:57.3	Basically, yes.
0:58.4	Oh, bless your heart.
1:00.3	Oh, my gosh.
1:01.3	And you have no recourse here?
1:04.2	We actually do.
1:05.7	We are pursuing that path, but we are of the mindset that we are in control of our destiny. And so we want to,
1:16.3	you know, consider any levers that we can pull to accelerate getting out of this mess. We were
1:21.9	lucky to be able to cash flow about $150,000 of it, but we had to take out some loans, a 401k loan and a home equity loan to just get through it.
	...

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