For Don and Rebecca Spendlove, just keeping a roof over their heads has taxed their mental, emotional and physical as well as financial capabilities.
The Nipomo couple have found themselves in the same situation as millions of other Americans: Their homes are worth less than they owe, their mortgage terms are crushing their finances and the specter of foreclosure is looming.
Their struggle may be emblematic of the times. Just across their street, in fact, a home has sat vacant for more than a year, the yard untended, the windows coated with dust.
“Our neighbor … just walked away,” said Don. “He said, ‘I’m not paying.’ He just moved away.”
The Spendloves find their situation embarrassing, but they’re willing to talk about it in hopes they can help others avoid the pitfalls that led them to a crisis they never expected to face.
Sphere: Related Content













