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California Couple’s Descent Into Foreclosure, Bankruptcy
submitted by bbcrew
May 12 2008 The Borrowers: Sherrie Floyd, 44, a clerical assistant at the Kaiser Foundation, and her husband, Kevin Floyd, 45, a truck driver in Vallejo, Calif. The House: In June 1995, the Floyds bought a four bedroom, 2,100 square foot home in Vallejo at auction for $170,000. After cashing out of Mr. Floyd’s retirement fund, they put $11,000 down and financed the rest with a 30-year, fixed-

 
Topic:Money




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