I have written about this before, to vent my frustration and anxiety about my parents future.
Without drip feeding, they've (my DF) has got themselves into a financial mess. I say DF as he has protected DM from the extent (although I should add I'm annoyed DM has never questioned anything and only now is begging to see)..
Basically, they've lived outwith their means for what appears most of their lives. Beautiful home (perfectly affordable mortgage, but they lent on it until the cows came home), cars, holidays, always ripping out things and replacing. Many years about I did wonder where the money came from; both modest jobs in government. Whilst well paid, modest in means.
I suppose I'm writing mainly in anger, to vent. They would have never stopped lending had the bank not pulled the plug. They now have a huge consolidation loan from the same bank that kept lending them. The bank want the house. DF buries his head in the sand. I begged him 3 years ago to get independent financial advice, but no. The same bank he allowed to strangle him them, will do so now. His pride is in he way.
I feel sad about their future. They should be comfortable, instead, they (I suspect) have to sell the house. More worryingly, it's been on the market for 7 months with no chance of that to change anytime soon.
Even selling the house will not enable them to buy again mortgage free. Although DF thinks selling it a solution, it's back to square one and still lending on a mortgage, albeit less. I wonder what the hell they will end up in.
Tonight I tried to talk to DF, he shuts me down, won't take my thoughts on how they can maybe sell the house quicker.
The situation just seems so desperate. DF's car recently needed£1500 of repair work (he doesn't look after anything, neither of them do), he didn't have the money. He sold it to we buy any car for 1/3 of its value. Moreover, he gave almost all the money to the solicitor who are frankly pathetically hopeless at marketing the house. What's even more annoying is my parents' inability to question the service and just pay it anyway in the vain hope the house will sell.
I wish I didn't feel so permanently anxious about this. I feel like they're barely living, constantly stressed, angry, and yet they've enabled this situation.
There is no will or no financial security for either of them should anything happen. Everything is gone.
I really don't know what more I can do. I'm terrified their home will be repossessed and of the implications of that for them both. That said, I feel my anger at them both rising daily for the gravity of the situation and how desperate they've let it become.
:-(
What can I do?
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Relationships
Parents in dire straits
LadyofDunedin · 11/07/2016 00:50
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