twitter facebook stumble upon rss

How Iyanla Lost Her Home and Survived

sign up for the momlogic newsletter Tweet This

In a candid interview, motivational speaker and former talk show host Iyanla Vanzant opens up about losing her daughter to cancer, losing her home to a subprime mortgage, and refusing to pay for health insurance.

Ilyana

In an interview with The Root, Iyanla talked about how between 2001-2003, she lost her 31-year-old daughter to colon cancer and two siblings also passed away. While dealing with the foreclosure of her million-dollar, four-bedroom home she bought in 1995 on five acres of land in Anne Arundel County, Md., she was going through a divorce. Vanzant explained what happened and how she's still standing.

The Root: You said you got a bad mortgage deal you didn't understand. What kind of mortgage did you have?
Iyanla Vanzant: What I had was a balloon payment on the end of my mortgage. So I had to pay the interest for five years, then pay the total amount of the mortgage at the end of those five years. While at the time it seemed like a very good idea, [but due to] the changes and fluxes in my income, when it came time to make the balloon payments, I didn't have the money to pay it. And so they forced me to sell my house.

The Root: You are a best-selling author, TV personality and attorney. What else was going on financially that prevented you from saving your home?
Vanzant: I'm self-employed, and my income is tied to what I do on a daily basis. My daughter had been diagnosed with a fatal form of cancer, and I had gone through a very painful divorce. I was really not out in the world working because I was nursing my daughter back to health and spent hundreds of thousands of dollars to care for her. I was paying her maintenance and care, her mortgage, her car, all of her bills and my bills. So it was really due to a major shift in my income, which is very similar to what people are going through right now.

The Root: I imagine when you're going through something like that, it feels good to know you're not the only one.
Vanzant: I didn't do anything wrong. And I think that's what happens with people who have shady mortgage deals. They start to feel like "I should've known better; I should've done better." If you have a mortgage payment and you don't have a job, you can't pay the mortgage. It's just that simple. I wasn't comparing myself to other people ... life happens. Probably if my daughter hadn't been ill, I would've had another kind of reserve. I would've been working and earning income. I also lost a major publishing deal at that time. I also canceled a major television contract at that time.

The Root: In 2007 you were living without health insurance ...
Vanzant: No. I had health insurance, and that is was $444 a month. In 2007, I had surgery to remove a bone spur in my foot. At the end of the year, my premiums jumped to $695. Never mind the 14 years I paid the premium and never used it. But because of this one medical condition, they take what they spend on a year, average it out and that's how they determine your premium. They never lowered my premium when I didn't use it. So now my premium is up to $695 which is absolutely ridiculous. And I'm not going to pay it. I want to say I can't afford to pay it, but that's not really true. It's just robbery. And they did the same thing with my grandson. When my daughter (his aunt) passed away, I put him in grief therapy. And so at the end of the year, I wanted to change carriers ... He was 13 years old, and they wouldn't insure him because of a pre-existing condition. It's grief counseling. It's not tuberculosis or muscular dystrophy ... these are just gouging practices.

The Root: Do you have health insurance now?
Vanzant: No, I do not have insurance.

The Root: How are you handling that?
Vanzant: I had health insurance for 14 years and never used it. I had one corrected procedure on my foot, and I don't think I need to be robbed $695 a month for me, $110 a month for my grandson with another carrier, and another $110 a month for my granddaughter. That's almost $1,000 a month for people who aren't even sick.

The Root: What reactions have you gotten from your supporters?
Vanzant: Oh my God! People think I'm homeless! [Laughter].

The Root: Really?
Vanzant: It's so kind. I got $20 in the mail. I keep getting e-mails about it. But people think I'm homeless, and I guess that's because I didn't go into the minute details of the story, so it's like people think this happened yesterday.

The Root: Where are you living now?
Vanzant:
I'm renting a house that sits on 30 acres of land that are historic properties. The land that I live on housed the post office and the train station that black people used in this area if they were traveling on the train up to the North beyond Maryland or if they had to go to the post office. Those two structures are on the property that I live on.

The Root:
What's next for you?
Vanzant: I've gotten offers to do all kinds of stuff. I have another publishing deal. I just put out another book--"Taping the Power Within." It will be 20 years old in September and a revised edition was re-released. I'm in the midst of writing a book .... My current pet project is to reunite fathers with their children. That's what I've been called to do, by any means necessary, to work with the fathers, the mothers and the children, so that these fathers can be in a relationship with their children. That's how we're going avoid the prison's revolving door.

The Root:
How are you going to do this project?
Vanzant: It will come to me.

The Root: In your teachings, you say there's a lesson to be learned in life experiences. What lesson did you learn?
Vanzant: The greatest lesson for me was never count on what you might have. Count on what you do have. Had I counted on what I did have, I would've never gone into that kind of mortgage deal. I also learned just how much I can do without. I learned to do without the house. I learned to live without my daughter, which was much more challenging. Still is challenging. I learned to live without my husband. I learned that true healing is a process .... Once the process begins, you have to buckle up and ride it all the way through. Even though it may not seem like it at the time, you always come out better than you were. Always.



next: You Can Dress Like Pregnant Nicole Richie!
54 comments so far | Post a comment now
Anonymous March 25, 2009, 10:31 AM

She obviously makes alot more money than me. I have no sympathy for her.

NIKKI March 25, 2009, 3:52 PM

HOW RUDE…..SHE LOST HER DAUGHTER AND MARRAIGE. NO MATTER HOW MUCH MONEY YOU HAVE, HARD TIMES ARE HARD TIMES.

Ellen S. Ringer March 25, 2009, 4:15 PM

I empathize with Iyanla Vanzant. Obviously, she has gone through much dis-ease in her life and as a caregiver, one can understand the pull that occurs when there is an influx of mounting responsibilities. No parent wants to outlive their child. It is usually assumed that the elders will leave before the young. There is no guarantee that we will live our lives without financial, emotional, physical and psychological problems reining into each daily/weekly/yearly appointment. What I do not comprehend is Iyanla’s former husband belonged to another woman and he left his family for Iyanla. How can she not know that a payment was coming? I have climbed that ladder and it is almost certain that we cannot take fire in our buxom/buttocks and not get burned.

Dr. Ellen S. Ringer

Chrissy March 25, 2009, 7:37 PM

SHe is obviously a never giving person - to take care of her daughter that way and now her grandchildren.
She deserves our praise and morale support.
She lose her home because she stopped working to care for her ill daughter. That’s not the same as someone who intentional lies about their income to get a mortgage and then can’t afford it and wants to blame everyone else for losing their home.
In fact, she’s not blaming anyone. How refreshing.
I was Iyanla anzant the best!

Yvonnes March 26, 2009, 7:03 PM

I wish Iyanla all the best. She seems to be a wonderful, strong person. However, I will caution, one hospital visit could easily cost her thousands of dollars. That could be for testing alone. So, if there’s any way she could insure herself/dependents again, I certainly hope she will.

Slady March 27, 2009, 8:50 AM

She should check into other heath carriers especially for the children. Child Health Plus will insure children and the premiums aren’t that high. She should also insure herself as the other person stated. As for the mortgage, I’m going through hell for trusting the lawyer and the broker for “arranging” a “deal” for me. I had the money to pay , but the credit was not the best. I know what she’s going through.

Monica April 3, 2009, 5:46 PM

Iyanla has been through a lot. Losing a child is never easy. you can’t get them back. A home and husband is replaceable, if you desire to do so. She is a brilliant women and very much in touch with the SOUL of an individual. I have almost every book Iyanla has ever written and still refer to them often. I’m looking forward to her returning to her writing routes and lectures. Stay strong Iyanla, your fans still need to here from you.


RHONDA  May 13, 2009, 10:31 PM

mS. VANZANT,
PLEASE CONTACT ME ON THE FATHER AND CHILDREN PROJECT I HAVE SOME POWERFUL, INFORMATION TO SHARE WITH YOU.

stephanie hendrix June 9, 2009, 7:03 PM

I think about you all the time and never even met you, but what i do to understand you is listen to your tape self value self worth and self love and it is powerful, i play this tape every other week as new clients enter into the detoxification unit here at redgate, i would like more tapes on self esteem, empowerment boundaries and you name and speak it GOD BLESS you and keep you.

Anonymous June 9, 2009, 7:05 PM

Iyanla has been through a lot. Losing a child is never easy. you can’t get them back. A home and husband is replaceable, if you desire to do so. She is a brilliant women and very much in touch with the SOUL of an individual. I have almost every book Iyanla has ever written and still refer to them often. I’m looking forward to her returning to her writing routes and lectures. Stay strong Iyanla, your fans still need to here from you.

- Monica

Kxeytgfx June 28, 2009, 4:18 AM

6YpZXa comment5 ,

Great. Now i can say thank you!

what is the drug ultram July 2, 2009, 3:52 PM

It is the coolest site, keep so!

tramadol florida delivery July 2, 2009, 5:24 PM

Beautiful site!

cheep paris adipex July 4, 2009, 5:07 AM

Very interesting site. Hope it will always be alive!

I want to say - thank you for this!

what's in tramadol July 4, 2009, 7:28 AM

I bookmarked this link. Thank you for good job!

tamiflu generic July 5, 2009, 3:51 PM

Perfect work!

message boards on adipex July 5, 2009, 5:10 PM

Perfect work!

is tramadol a opiet July 6, 2009, 3:24 AM

Incredible site!


Back to top >>
advertisement