KANSAS CITY, Mo. - The financial collapse on Wall Street a year ago, is an uncomfortable anniversary for a Brookside man. For him and many others, it was the beginning of the end.
David Jewell has been his own boss for more than 30 years. This year, he's learning how quickly the banks become boss.
"Here at a time when I should be sitting fat and sassy I’m starting over again at age 57," Jewell said.
This dad is living out of a borrowed truck, and a backpack. Luckily, his family is carrying the load until he can financially recover.
"I switch between two son's houses until I can earn enough income back again," Jewell said.
2009 wasn't supposed to be this way. The outlook seemed bright less than a year ago.
"I was looking at having another record year," Jewell said.
Jewell says the banking crash last fall meant the crash of his advertising and public relations business.
"One company after another that just said we're going to wait and see," Jewell said.
The wait and see attitude left Jewell with no income leaving him to wait to see how long he could hold onto his Brookside home.
"I started borrowing money from family because sure I didn't want to lose my home," Jewell said.
With no income his home began slipping away. The payments and fees were skyrocketing to a point of no return.
"It escalated -- they started going up. Now it's $6000 now it's $10,000 now it's $20,000 to catch up," Jewell said.
"The fees are unbelievable," HomeFree-USA Executive Director Elma Warrick said.
Warrick says the fees are a problem and the speed of foreclosures varies dramatically.
"If they are in a particular area, they tend to find themselves in a foreclosure moving quite quickly," Warrick said.
The Brookside, Waldo, and Plaza area are attractive and typically foreclose quickly counselors say.
Jewell lived in Brookside. His home grew unattractive fast as weeds overtook it.
While his home sits vacant, Jewell has nowhere to call home.
Jewell says the focus needs to be on more jobs. Until that happens, economists say more people will lose their home. Jewell says he'll switch his focus the last portion of his career from corporate business to promoting small business.
Copyright 2009 The E.W. Scripps Co. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.