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I'm with the crowd that says this chick gets what she deserves. I make considerably less than $70,000 a year and support my wife and daughter. (as of a week ago, 2 daughters) And we have enough savings to last well over a year, and that would be without sacrificing anything.
Lenders in California were really pushing the Interest Only loans a few years ago, and this chick is just another victim. The California market was overinflated, and everyone knew it, but they wanted to keep doing business, so they got people who otherwise couldn't afford to buy a house there to do the IO thing. Sucks to be her, but being ignorant isn't an excuse.
If she had any sort of financial intelligence, there is no way she'd be broke after 2 months coming off a $70,000 a year income. Cry me a river, boo hoo. Sell your f'ing jewelery and report that story to CNN.
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If you have any poo... fling it NOW!
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