My Son and His Wife Took Their Son on a $20K Cruise, Leaving Their Daughter Home — By Noon, I Was Standing at Their Table

Chapter 39

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I am looking at a lean filed against his car and a threatening letter from a loan company based in a strip mall in Hyia that specializes in high-risisk borrowers. Bill, these are not nice people. These are the kind of people who charge 50% interest and collect with baseball bats. I closed my eyes.

I could see it all now. The desperation in Austin’s eyes when he came to the cabin. He wasn’t just afraid of losing his job. He was afraid for his life. He had dug a hole so deep that he couldn’t see the sky anymore. And instead of asking for a ladder, he had decided to dig deeper, hoping to come out on the other side.

Where did the money go, Rachel? I asked. $300,000 plus the loans plus the theft. Where is it? Crypto. She said the word with the same disdain she would use for a contagious disease. He bought into a speculative coin scheme that crashed last month. He lost 80% of it in 48 hours. He was trying to win it back.

That is why he stole the 25,000 from you. It wasn’t just for the cruise. He was gambling on the market from his phone, trying to hit a jackpot to pay off the sharks before you found out. I felt a wave of nausea. It was the sickness of realization. My son was not just a bad father. He was a financial suicide bomber.

He had strapped a vest of debt to our entire family and pulled the pin. ‘What does this mean for the house?’ I asked. It means the bank is going to foreclose. Rachel said the payments on the equity line have not been made in 3 months. They are preparing the notice of default as we speak.

If we do nothing, you will lose the house. You will lose the land. You will be on the street in 60 days. I sat there in the cold white bathroom listening to the hum of the ventilation fan. 60 days. I was 68 years old. I had a pension and some savings, but I could not buy a new house in this market.

And I certainly couldn’t raise two traumatized children in a one-bedroom rental apartment. Austin had not just abandoned his children for a vacation. He had stolen their home. ‘What are my options?’ I asked. Rachel took a breath. ‘This is where it gets ugly, Bill. You have two choices.