NOTES FOR THE NEW YEAR DAWN RICKABAUGH
Interest rate reduction: from 7.5% to 5%
ceeds,
but
absolutely
needed
the
money
immediately.
Payment reduction: from $713.20 to $510.00
No time for acknowledgments, recordings, or even
For this, Lady #2 paid me a fee: $2,000
for a wire to clear and be available for withdrawal.
Instead of staying in the middle, I instr ucted Lady
Because I was still in chain of title as the
#2 to pay Lady #1 directly, although the paperwork
beneficiary of a Deed of Trust on the house, I
at the courthouse kept me in a position to legally
basically used the existing note as collateral for the
intervene if there were ever any problems, which
loan. If she couldn’t pay me back as agreed… if
was fortuitous…
the settlement fell through, then I would proceed to
once again collect the monthly payments from
2012 – Lady #1 called me on a Thursday night at
Lady #2 until I was fully reimbursed, with interest.
8:30, saying that she was in a desperate place and
didn’t know where else to turn, and she needed
I drove an hour and a half to meet her in Gorman
$16,000 cash the very next day, or she was going
on a snowy Friday morning along the Grapevine
to lose out on a large financial settlement of some
and hand her the cash, along with a few mandarin
sort.
oranges from my backyard.
She said she only needed the money for one
In turn, she offered me a box of the most beautiful
month, and then would pay me back out of pro-
persimmons from her garden, and a great deal of
gratitude for ‘seeing her through this difficult time’.