March 5, 2010
Florida attorney Edwin "Eddie" Mulock is already a heart transplant and a kidney/liver transplant survivor, but a new adversity is looming on the horizon in the form of a foreclosure on his 42-year-old law practice.
Mulock told Bradenton.com that he has been unable to make loan payments on his business property because of the 2006 surgeries and the subsequent economic downturn, but has vowed to keep his career going.
Demonstrating resilience and a strength of spirit, Mulock - who is also a noted local child advocate and philanthropist - told the news provider, "I will be practicing law for a long time."
"I'm a survivor. Somehow, I'll make it," he added.
According to the Federal Deposit Insurance Company, which cites figures from the Mortgage Bankers Association, some 250,000 American families enter into foreclosure every quarter.
Recovery from foreclosure is time-consuming, but financial experts say affected individuals are likely to succeed if they straighten their financial situation, which includes paying new bills on time.
In the longer run, it is recommended to check one's credit report on a regular basis to avoid identity theft that can make applying for loans more difficult and to live within one's means so that spending does not exceed income.
Those facing foreclosure may access valuable information through the Federal Reserve Mortgage Foreclosure Resources webpage or via NeighboorhoodWorks.



