I'm not surprised Betty's still doing a juggling act, the question is how long can she keep it up...
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Betty The Restauranteur
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At this rate, I vote "forever".Fool me once, shame on you. Fool me twice, you speak with the Fraud department. -- CrazedClerkthe2nd
OW! Rolled my eyes too hard, saw my brain. -- Seanette
she seems to top me in crazy, and I'm enough crazy for my family. -- Cooper
Yes, I am evil. What's your point? -- Jester
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Quoth eltf177 View PostI'm not surprised Betty's still doing a juggling act, the question is how long can she keep it up...
Frankly, leaving forclosures this late was not necessarily a kindness -- she's surely going to lose the home and restaurant (and be dead broke), but I suspect that the longer this goes on, the deeper the hole she and her hubby will find themselves in.
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You are 100% right, Mental Mouse.
But if you read through the entire thread you'll see why Ghel's bank has resisted foreclosure up to this point. But rest assured, in the end that's exactly what's going to happen. There's too many people here hoping for a miracle, while the realistic realize there's no happy ending here for anyone - the bank's going to end up with a run-down restaurant and little else to show for it...
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Nothing new. The checking account is occasionally overdrawn, and the real estate taxes are past due for this year. But nothing bad enough that we have to do anything about it yet. I expect Betty's situation to slowly go downhill again, like it has in the past, but it will take a while to get there."I look at the stars. It's a clear night and the Milky Way seems so near. That's where I'll be going soon. "We are all star stuff." I suddenly remember Delenn's line from Joe's script. Not a bad prospect. I am not afraid. In the meantime, let me close my eyes and sense the beauty around me. And take that breath under the dark sky full of stars. Breathe in. Breathe out. That's all."
-Mira Furlan
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Quoth eltf177 View PostTaxes are late again? .... The late fees must be piling upI'm trying to see things from your point of view, but I can't get my head that far up my keister!
Who is John Galt?
-Ayn Rand, Atlas Shrugged
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I wonder how much longer the Federal, State and local tax departments are going to wait. OTOH if they foreclose they get nothing. So maybe getting a little from time to time is a better deal, but they'd better not be counting on collecting any late fees and/or interest...
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Well, the real estate taxes are only past due on the restaurant for this year. And the real estate taxes are current for the house. So that part's actually not that bad.
Both loans are current, even though the checking account is frequently overdrawn. We make sure we get our loan payments as soon as the money's available, although that hasn't been bad, either, since there's enough money in the checking often enough to make the loan payments (which are still set up as automatic for the restaurant loan).
I don't know if Betty has done anything to take care of the federal and state tax liens that were on her credit last time we checked it. That's the biggest cause for concern right now."I look at the stars. It's a clear night and the Milky Way seems so near. That's where I'll be going soon. "We are all star stuff." I suddenly remember Delenn's line from Joe's script. Not a bad prospect. I am not afraid. In the meantime, let me close my eyes and sense the beauty around me. And take that breath under the dark sky full of stars. Breathe in. Breathe out. That's all."
-Mira Furlan
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No, nothing has changed since my last post. Betty continues to be intermittently overdrawn. She still hasn't paid the real estate taxes for the restaurant. It might go on like this for another year or more before we do anything."I look at the stars. It's a clear night and the Milky Way seems so near. That's where I'll be going soon. "We are all star stuff." I suddenly remember Delenn's line from Joe's script. Not a bad prospect. I am not afraid. In the meantime, let me close my eyes and sense the beauty around me. And take that breath under the dark sky full of stars. Breathe in. Breathe out. That's all."
-Mira Furlan
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I checked the original thread about Betty.
OK Ghel, I give up: How much longer is the bank going to allow this nonsense to continue? What will it take to make the right people say ENOUGH?Last edited by taxguykarl; 03-18-2017, 08:54 PM.I'm trying to see things from your point of view, but I can't get my head that far up my keister!
Who is John Galt?
-Ayn Rand, Atlas Shrugged
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Quoth taxguykarl View PostOK Ghel, I give up: How much longer is the bank going to allow this nonsense to continue? What will it take to make the right people say ENOUGH?
And I doubt Goodhair is in any rush either, it would make his business decisions look bad...
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