Could you spare us a dollar or two?
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Could you spare us a dollar or two?
In 2003, Robert Provost snapped up a $2.5 million villa with its own boat dock in Sarasota, Fla. A finance chief for an auto-sales chain, Mr. Provost earned more than $250,000 a year and had an impeccable credit history.
Then he lost his job. Mr. Provost missed one $10,500 mortgage payment, then another. This month, the 53-year-old put his house, a five-bedroom with sweeping views of an intercoastal waterway, on the market for $3.4 million. But the listing has thus far attracted little interest. Mr. Provost says he expects to receive a notice of default from the bank — the first step to foreclosure — in the next month or two.
"A foreclosure would be devastating," he says. "My wife and I would have to start from scratch."
http://www.msnbc.msn.com/id/26869897/
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SamCogar- Number of posts : 6238
Location : Burnsville, WV
Registration date : 2007-12-28
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