Cardboard Box

Just when I thought it couldn’t get any worse than this. I learn we could have our house taken. There’s nothing like the thought of a bank taking your house to make a person feel like throwing up. That’s exactly how I felt when Matt came home and told me the bank his company has several construction loans with is upset (and rightfully so) they are not getting paid. With condo sales down the tube there just isn’t any money to pay the bank with. So the folks at the bank took a peak at Matt’s and two others personal financial statements finding assets for collateral. Awesome. At least the bank Pres. (who is a very nice lady) had the decency to cry.

It looks like we’ll keep our house for now. They might take our personal rental properties but as far as I concerned that’s way better than the house where we live. Sigh. If you feel so moved a prayer or two would feel nice.

Matt keeps telling me most well known companies had to go something like this before things got better.

Take Starbucks for example. Howard Schultz was about to take his first family vacation in years and just before boarding the plane he gets a call from his company. There had been a huge freeze in coffee bean land and price per pound is steadily increasing. So Howard canceled his vacation and decided to purchase several years supply of beans only to find a few weeks later the price fell. Now he was stuck with years of coffee beans at a very expensive cost but he could not pass this onto the consumer.

You’ve heard of a small company called FedEx? Well, apparently the CEO, Fred Smith, once went to Vegas to make payroll.

Heard of EchoStar? They are based in Colorado and the company is doing well. In 2003 alone raked in 5 billion. Billion. Things didn’t start out so well for Charles Ergen either. After putting his life savings into two satellite dishes he was ready to test them out. He drove to the top of Lookout Mountain for their maiden voyage and a huge wind gust took them both out of his truck and smashed them on the road. He was able to salvage one and the rest is history. Billion dollar history.

I’m not saying our company will be anything like Starbucks, FedEx or Echostar but this is the bottom and we only can go up from here. If not there’s always Vegas and cardboard boxes.



7 Responses to “Cardboard Box”

  1. Everyday Yogini Says:

    Oh, Erin. You guys will definitely be in my prayers and thoughts… things are really hard for so many right now.

  2. ggsmama Says:

    Erin, no! I know this is a terribly stressful possibility and I will keep you guys in my prayers.

  3. Oh, no! I can’t even imagine how stressed you are right now — I will send some good “mojo” your way.

  4. the mama bird diaries Says:

    I’m sorry for your stress. I hope things get better, real soon. 🙂

  5. Sheesh. I know you guys will make it through this rough spot just fine. Not that it doesn’t help your stress level, though.

    Here’s hoping things are ALREADY looking up.

    Love ya.

  6. Melissa Says:

    Wow. I’m really sorry to hear this news. I’ll be keeping you in my thoughts definitely! The power of positive energy – from me to you. Hope you feel it!

  7. Oh Erin, you are mostly definitely in my prayers. I hope things look up soon, I can’t imagine how scary that must be. Just know you have lots of prayers coming your way. ::hugs::

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