"You Don't Sound Like A Motivated Person"

Brought to you by the Every Dollar app. Start budgeting for free today. >> I wish I was calling to talk about my own more of my own financial situation. Um, you know, cuz I'm doing the baby steps getting out of debt right now. Um, which is a lot of what I've heard you call the stupid tax because I've I'm 28 and I've made a lot of mistakes. a lot of mistakes over over the years, but um I guess one of them is um led me to moving back in with my parents, with my daughter who's now four years old. And anyways, I've been here and when I first moved back in, like I was still like being pretty irresponsible, like just kind of floating through life. And I've really gotten my act together these past few months. And crazy things have happened to where my mom left my dad about 2 months ago and I took over all the bills and all that. But now, um, I'm looking at my father basically owing about $10,000 on property taxes. And if it's not paid within a month, um, the house is going to go to auction. So, I'm just juggling a lot right now. And it occurred to me, okay, well, maybe I can call the Ramsey show and I got a hold of you guys. Wow. So, your parents' finances are a mess and you have taken over them with two whole months of experience controlling yours. >> Yes, sir. >> Okay. What do you make a year? Uh right now before taxes I'm bringing in about 3,600 a month. Sometimes a little bit more, sometimes a little less, but right around. >> Okay. And what does your mom make? >> Uh well, my mom uh she doesn't live here anymore. She actually moved to another state. >> Oh, I'm sorry. Your dad lives there? >> Yes, sir. >> Oh. And what does he make? Uh, it varies, but I'd say on a on a good month, he's making about 3 to 4,000. >> And why have they not paid their taxes? >> It was just um a lot of infidelity throughout their marriage, you know, on all levels, including financial, just never being on the same page about things. >> Mhm. So, they don't have any money. I guess you wouldn't have called me. You would have just paid the taxes. Yeah. Okay. >> Yeah. Well, um, my father, he he has about 2,000 in his savings account, >> Mhm. >> give or take. And, um, yeah, but my mom definitely uh, no savings like that. And >> And you're in touch with her? You have the ability to get in touch with her? >> Yes. Yes, I do. >> Okay. All right. And what's the house worth? Um, I'm I'm looking at this number here. Let's see. Uh, if I see this correctly. Oh, wow. It says a judged value 215 uh,000. >> Okay. What's that? What are you reading there? >> This is the notice of sale. >> Oh, that anything to do with reality. What do you think the house is actually worth, dude? Um, I'm not sure. Probably at Probably like around 150. >> Okay. All right. And what is owed on it? >> Uh, nothing. The house is paid off. >> Oh, okay. All right. Wow. That's really sad. Um, so I I would tell you to go to ramseysolutions.com and click on real estate trusted real estate agent. Get one of the one of our trusted people and tell them what's going on and see if they have any knowledge of tax uh property tax in Texas that I don't have. There's a possibility you could apply for some kind of a thing. take your dad's 2,000 and maybe, you know, 2,000 a month for the next 4 months or whatever and clear the thing, right? There's a possibility they have some kind of a program for that. Um, or there's a possibility they, you know, they they give you these notices and then it's a while before they actually do it. It's not really 30 days. I don't I want you to get more knowledge than just the threat in the mailbox. And I don't know. I don't I don't have the knowledge >> to give you. >> Yes. Yes, sir. Well, I did I spent like about 2 hours on the phone with uh these tax office people and because they were on payment plans um in the past, it's pretty much said that house will go to auction January 6 if it's not paid in full. >> Mhm. >> And like I said, I wish I was calling >> and you don't you don't have the money and they don't have the money. So, what's our option? There's two options. Um, neither one are good. Uh, your dad can file a chapter 13 bankruptcy and that will stop the auction. >> Okay. >> Okay. >> Um, and before I lost the house at auction, I would do that. Uh, but I I really think that um it might be a good idea for your dad just to sell the house. Your dad and mom sell the house now. Mhm. get an investor, call one of our Ramsey trusted real estate agents and let's sell the house and pay the tax before before the auction, okay? Because they're going to lose this house and you guys don't have any money to stop them. >> And and so, you know, you can go into chapter 13 bankruptcy, but all we're doing there is kicking the can down the road because your parents are going to screw that up. >> I'm curious, how many years of the property taxes, what's a year's worth of property taxes on this house? Do you know? Um, well, it's it varies, but I think it goes all the way back to 2020, about 5 years. What? >> Right. So, here here's the this is kind of an outside the ball uh outside the box idea here, but does your dad, between all the stuff they have, do they have $6,000 worth of stuff that you can sell quickly plus his two that gets you or wait, we got to get uh we got eight more. Sorry, my math was bad for a second. 8,000. Does he have $8,000 worth of stuff? Uh yeah, I think so. And I I I have um >> that's the quickest turnaround on this thing. I mean, to be honest with you, if he really has $8,000 worth of stuff and watch his cars, >> I would do that. >> Uh no, not really through his cars, but he's got a lot of um cuz he's a a welder. He's um builds fences, so he has a lot of material, steel here. And um >> yeah, get it all. Yeah. Just kind Yes, sir. >> Yeah. Get us get it sold and get the money and go pay the tax. >> That's it. >> And but your dad's going to have to get off his dad gum butt. >> Mhm. >> Or he's going to lose his house. And it's not fair that you have to do this for him. This is supposed to be a grown man. >> Mhm. >> I mean, this guy's what, 60 years old? >> Yes, sir. 62. >> Yeah. So, maybe he ought to act like it. Hello. So, yeah. I I don't really want you fixing this for him, but I I if he's got the assets, if he got a bunch of junk around there, he can take salvage or whatever and sell it and scratch up 10 grand to go with his two or eight grand to go with his two grand, get this thing paid. That's the answer. Um other than that, yeah, he can file bankruptcy, but it's not going to work cuz it's going to crash. He's not unless he catch if he catches it up. That's his only shot at making this work. Create your free every dollar budget today. The simplest way to budget for your