Crap Again!

[LadyKay]

About 2 years ago my husband and I was on the verge of losing our house. By some miracle we manage to work out a repayment plain with the mortgage company just 1 day before the house was to go up for auction. We spent the next 6 months paying back on the repayment plain. We paid off the payment plain, went back to regular payments and things were going okay. A bit tight at times but okay. About a month ago my husband got laid off from his job. He got called back for a few days of work then got laid off again! Needles to say we have falling behind a few months on our mortgage payment and they are threatening us with foreclosure once again! We have sent off paper work to them bagging them to work with us. My husband believes his work will be picking up by next month. So we are at a wait and see what happens state. I barley made it through the last time we went through this. I don't know if I can do get through this again. We only have 2 more car payments until the car is paid off. But that is going to be late also. I keep seeing myself living in a tent somewhere. I don't know why I am bothering you all with this. I guess I just need to tell someone what is going on. I really hate all of this. Sorry...

[TheGimp]

*hugs*

my mother and 2 younger brothers and i went threw this as well i feel where your commin from and it seems to help to vent

Edited September 30, 2009 by TheGimp

[KatRN05]

I sincerely hope that the mortgage company will work with you. Whatever happened to that Home Affordability program where you could refinance to a lower interest rate or get a loan modification that Obama endorsed? I know I tried to get into that same program, I didn't hear anything from the bank after calling everyday of every week for two months. If they do end up foreclosing on you, you are better off filing Chapter 7 bankruptcy, that way you won't be liable for the loan when they foreclose on your home if that's what happens. You would still be able to keep your car. I'm not saying bankruptcy is the right way but shit happens and I've been through the same thing.

Edited September 30, 2009 by KatRN05

[LadyKay]

I sincerely hope that the mortgage company will work with you. Whatever happened to that Home Affordability program where you could refinance to a lower interest rate or get a loan modification that Obama endorsed? I know I tried to get into that same program, I didn't hear anything from the bank after calling everyday of every week for two months. If they do end up foreclosing on you, you are better off filing Chapter 7 bankruptcy, that way you won't be liable for the loan when they foreclose on your home if that's what happens. You would still be able to keep your car. I'm not saying bankruptcy is the right way but shit happens and I've been through the same thing.

Yeah we did a home affordability program thing too and never heard anything back nether. That was about 4 months ago. Wonder if anyone got any help from that?

[KatRN05]

I heard only a handful of people got help other than that I haven't heard anything else. The thing is banks are not obligated to help anyways and most of the time, they won't help unless you are past due. I heard some guy on the radio saying that it took him being late for 4-5 months before the bank would even help him. I had surgery back in May and I stopped making payments. My surgery was more important to me and I made it clear to the bank that I was gonna receive less than half of my income while I was off for a month. I was putting off filing bankruptcy but I gave in and did it.

Edited September 30, 2009 by KatRN05

[dragonluv]

A lot of great advice was given in the previous posts.

I do not have information to share or offer for possible help.

I wish you the best in getting things resolved.

If I may, hugs,

april

[LadyKay]

People here are always so nice and caring. You are good people. Thank you!