My name is Mike Dunn, my wife’s name is Karyn. I’m 66 and she’s 63. We’ve been married 45 years. I am a Veteran and a former Policeman. We live in the small town of Ellsworth, Wisconsin. We were self employed in the appliance business for over 20 years. In 2005 my wife was in the hospital for 80 days. We had health insurance but there were a lot of things it didn’t cover. We had to use our savings to pay the bills. We could no longer operate our business because of my wife’s inability to work. Real Estate was good at that time and I thought I could make a living there. I went to the bank, borrowed money and bought two investment houses. The bank wanted the two houses plus our own home as collateral. Our home was mortgage free at the time. By the time we had remodeled the investment houses and had them ready for sale, the Real Estate market had crashed. We tried everything to sell them but couldn’t. We paid the interest as long as we could but ran out of money. The bank foreclosed. The judge granted the foreclosure to the bank on 6-14-07. We were given a 3 month redemption period on the investment houses and six months on our home. On 9-18-07 the 2 investment houses were sold at a Sheriff’s sale. The bank bought them for $105,000.00 and $135,000.00. That left an almost $90,000.00 deficiency judgment against our home. Our home is worth about $190,000.00. The six month redemption period on our own home is almost up. The Sheriff’s sale is scheduled for 1-22-08. If we don’t find a solution by then they will sell our home and put us in the street. This is a very stressful and miserable situation. All this information can be verified at the Pierce County Courthouse, Clerk of Court’s office, 414 W. Main St., Ellsworth, Wi. 54011 Phone 715-273-3531 Fax 715-273-6855. We have lived in and loved our home for more than 22 years. Do you know of anyone or any group or any program or any way to help us save our home? Anything would help. Thank you.
Sincerely,

Mike Dunn
297 E. Main Box 613
Ellsworth, Wi. 54011