On a chilly night after work last November, Christopher and Jenell Chow relaxed, watching the evening news while their children scampered around their rented two-story stucco home. Someone knocked at the door.
An officer was standing on the doorstep, eviction papers in hand. That’s when the Chows learned that the North Las Vegas home they’d rented for two years was in default. They had 30 days to move out and find a new home for their five children, Jenell’s live-in mother, their two black Labs and a cat. The stress was severe: Jenell says she suffered a miscarriage the day before they moved out.
“We felt dumbfounded,” says Jenell, a stay-at-home mom. She and her husband, an electrician, lost their $5,000 rental deposit. “We would have been homeless if someone from our church hadn’t loaned us money for a deposit on another place. I believe the stress caused my miscarriage.”
Read the rest of the USA Today story here
{ 3 comments… read them below or add one }
Good deals perhaps for some. I, however, feel quite nauseous after seeing the house down the block on this list for nearly $100k less than I owe/paid 3 years ago. To put that $100k into perspective, that’s a decline of 42%!
Yeah, way to drive home prices down even more! Lame!!
Yeah, you can buy them for 1.00, but you are still going to be on the hook for the property taxes, upkeep, etc. Could turn into something that costs more than one ever thought it would.
Caveat: if it sounds too good to be true, it probably is…