50 of 65
BACKNEXT
Jennifer Meharg: Fighting foreclosure
Jennifer Meharg: Fighting foreclosure
Jennifer with her sons, Jeffrey and Jacob
Payroll assistant, 28, Waco, Texas

I worked for a mortgage lender for five years until I was informed that I would be losing my job because of "economies of scale."

The small mortgage/banking company was getting out of the servicing industry and sold their 16,000 loans to another company, then laid off nearly everyone that worked in the servicing departments. My own loan was being sold to some foreign-based bank I had never heard of. Since then, it has sold again, and my soon-to-be-ex-husband and I fought foreclosure twice. The first time we fought it by filing bankruptcy.

Now, my 401(k) is gone. The 529 education plan I had started for my boys is gone. I did achieve my bachelor's degree during all this. However, my severance from the company barely lasted a month. And of course, they conveniently made our termination date at the end of the month, so that we had no insurance either.

My husband lost his job shortly after me, but luckily, I was able to find a great job, which is where I currently am. However, after I moved out, my husband could not handle the mortgage payments, and I am scrambling to get my things out before it forecloses. Times are tough -- and I know that I am not the one with the worst story out there!

NEXT: Jonathan Siders: Everything's on hold
Last updated November 15 2009: 6:21 AM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
More Galleries
For sale: Steve McQueen's 1967 Ferrari The red 1967 sports car is expected to fetch millions at auction. More
The 13 most WTF gadgets From the weird to the gross, these 13 gadgets will make you wonder why they even exist. More
Best-loved cars in America These cars and trucks topped J.D. Power's APEAL survey, which measures how much owners like their new vehicles. More

Special Offer
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.