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Terese, a firefighter, and her husband Breylan, a police sergeant, had always dreamed about owning a spacious house in the suburbs.
Although they didn't think they could afford their 'dream home,' they started searching in an affluent area just south of the airport and across the street from the 190-room estate owned by famed heavyweight boxer Evander Holyfield.
After discussing their financials with a mortgage broker, the family was presented with a deal and payments they could afford. The interest-only, adjustable rate loan sounded good at the time.
She continued to make regular payments for all of their mortgages in order to maintain their good credit. But within a year, they were in the eye of the storm and their savings dropped to around $75.
The Hickses decided they had no other choice but to "play the game" and stop paying their mortgage, even if it meant damaging their hard-earned credit.
Nothing beats feel good policies that cause people to stay in homes they never could afford to buy at taxpayers expense..