I'm losing my house

[deliciousV]

And it feels like a rape. We could easily afford it when we built it (on land thats been in my wifes family for about 100 yrs). But being in the transportation industry things collapsed quickly, first came the 5 dollar a gallon diesel fuel, then the load offers decreased. So we moved into a local courier deal that seemed to solve that, we had an area to deliver office depot to daily, and it was averaging 700 pieces a week, we were paid per piece and were cleaning up. Then the rest of the economy started to crumble and one of the things office managers did to save was to send somebody out for office supplies instead of paying a delivery fee. The pieces fell to around 300. We got behind a few payments and the mortgage people had no interest in working with us at all, add to that a breakdown and a 2000 dollar repair bill, we missed another payment, then they wouldn't even accept a payment anymore, square it up or nothing. This whole time we were begging for a modification program, we've applied for and fit perfectly into the Obama plan, but they won't approve it, we had to have mortgage insurance when we financed, they'll get a payout, they'd rather take that than give a mod......we're fucked. Forgive the whining, I know its still on us to meet our obligation and within the banks right to do what they do, but to know that the govt will pay them for doing it and then our house will sit empty for years does kinda piss me off.

and then there's this, this exactly what we've been thru and we are being forclosed on by Indymac http://iamfacingforeclosure.com/blog/2009/12/01/anatomy-of-a-government-abetteded-fraud-why-indymaconewest-always-forecloses/

[Jujubees2]

That sucks man. My brother moved from New England down to South Carolina a few years ago because he could get a bigger house for less money. But when he lost his job last year he also lost the house.

Luckily he found an apartment for his family to live in that they can afford.

[opie's twisted balls]

That genuinely sucks! Sorry to hear and can only hope that things turn around.

I've been on the receiving end of dealing with a cunty bank and know how insufferable they can be. My concern is that we're going to see more situations like yours where the banks are anticipating the market turning around and view this as a good opportunity to pick up a bunch of property to resell when the values rise. Dirty shitbags!

[Dude!]

sorry

i worry every day about how
everything would collapse for me
including my house
if i lost my job

[STC-Dub]

Sorry man, I could be in the same boat in a few month.

[Crispy123]

Sucks man, Im sorry. I lost my house in '08 and it is still hard to think about.

[Chigworthy]

Having been in the home buying market for the last 8 months, it is jawdropping how many foreclosures there are right now.

[tanless1]

Have you considerd sliding into a company driver sittuation ? ....Just for a few years.
There should be positions opening up w/ the fed regs...and file bankruptcy. I'm surprised and shocked they aren't working with you. Get w/ a lawyer asap, maybe they can save your house....just let the rest of the shit go.

[Death Metal Moe]

It's the new way with these cocksuckers at the bank. Someone I know is in the process of losing his home right now. MONTHS before there was even a missed payment he called his bank and begged them to work with him. He got readjusted and saw the problem coming. He of course didn't want to lose his home and the investment he had put into it so far. Each time they told him to fax a bunch of info to them, 3 times in a row they lost it on him. What could he do? He jumped through their hoops and they still fucked him.

Then the animals on the phone started. These pieces of living garbage will yell, lie and promise you ANYTHING and it seems they're ALL managers! Isn't that funny? They talk down to you, don't listen and write whatever notes they want to in their "file" which I'm surprised exists because I'd have bet hard cash these mouth breathers couldn't spell let alone speak English.

They even fucked up the short sale that came in on his home. They just don't care right now, about anything. You, your home, your future, your credit, nothing. They say they want to help keep you in your home, they don't. They're scumbags plain and simple. They don't want to consider your situation, they don't want to work with you.

It seems they'd really rather have you out of your home and let it sit vacant in an awful economy than actually work with you through this economic problem.

It's stories like this that make me happy when one of the execs jumps out the window and hits the pavement.

[TripleSkeet]

I am so sorry for you man. This is one of my biggest fears. I hope everything works out for you. Stay strong.

[Brad_Rush]

Sorry you are going through this...

[Dougie Brootal]

sorry man. this is bogus.

[goreds2]

I am so sorry for you man. This is one of my biggest fears. I hope everything works out for you. Stay strong.

+1

Best wishes.

[strawberrypop]

How horrible. I'm so terribly sorry. You must be under so much stress and strain right now.

I can't believe they wouldn't work with you and arrange a payment plan. Get a lawyer immediately, even if it seems like you can't afford one. It may be that some of what they're doing is illegal. If it isn't, it's definitely immoral. I don't know how these people sleep at night.

Take care. Most importantly, don't let the strain get between you and your wife. You guys are a team and will need each other.

[strawberrypop]

and then there's this, this exactly what we've been thru and we are being forclosed on by Indymac http://iamfacingforeclosure.com/blog...ys-forecloses/

I was JUST looking at that, and suddenly it disappeared when i tried to go back, and is just giving a 404 error.

Here's a less pretty looking version:
http://www.freerepublic.com/focus/f-news/2420418/posts

[topless_mike]

sorry yo.
the thought of this just sends chills down my spine. you'd think that a bank would want to keep its customers and do what it can to make sure they stay put.

dood. stay strong. shit will work out some how.

[DOHO@HOME]

I'm feeling so fucking ill right now reading all of this shit, I've put my family into the modification program and have been waiting since May 2009.
I've been getting the good old fashion run around and worrying about it every waking moment.
What the fuck can we do at this point, where is the help we were offered by the man?
The great american dream is no longer looking like a dream.:glurps:

[JimBeam]

Sorry to hear man but hopefully things will turn around.

My wife's a teacher, currently a leave replacement which is essentially a temp until they decide to give you tenure, and we dread every year towards the end of school that they'll say they can't take her back next year.

No way we could ge by on just my salary.

We have a baby coming in March and she keeps rationalizing that " well we won't have to pay daycare " but i don't think she understands all the other bills we pay.

I think it's crazy that they won't work with you.

It's one of those things that makes me question the fiscal responsibility of sending $100 million to a foreign country when we have people here that really need help.

Obvioulsy I know that the people of Haiti and other countries need money and we shoulkd always help them but when I heard the term " we gave them $100 million " I was like " Wait we just had that lying around and it wasn't being used. "

Again good luck w/ everything and I hope it all works out for you.

[SouthSideJohnny]

Sorry to hear budday. Things aren't lost yet.

Every state is different, but if yours requires judicial foreclosures, you will want to defend the foreclosure by explaining this in defense of the foreclosure lawsuits. The trend is to require lenders to attend "mediation" where they have to meet in good faith to try to resolve the foreclosure, typically by modifying the loan.

Another option to consider is a Chapter 13 bankruptcy. Yes, it sucks to have to file bankruptcy, but it's worth it if it means being able to keep your house. Hire a bankruptcy lawyer for a few hundred bucks if you decide to file. Trust me, it's not worth trying to do it by yourself.

My best advice is to locate a real estate attorney in your city. Be sure to find one that has been a real estate lawyer for at least five years. Every starving lawyer is now a "foreclosure defense" expert, even if they've been doing it for two months. Also, be cautious about any loan modification company that isn't run by an attorney. Lot's of scams and ripoffs that make a bad situation even worse.

Good luck in getting it straightened out.

[deliciousV]

Sorry to hear budday. Things aren't lost yet.

Every state is different, but if yours requires judicial foreclosures, you will want to defend the foreclosure by explaining this in defense of the foreclosure lawsuits. The trend is to require lenders to attend "mediation" where they have to meet in good faith to try to resolve the foreclosure, typically by modifying the loan.

Another option to consider is a Chapter 13 bankruptcy. Yes, it sucks to have to file bankruptcy, but it's worth it if it means being able to keep your house. Hire a bankruptcy lawyer for a few hundred bucks if you decide to file. Trust me, it's not worth trying to do it by yourself.

My best advice is to locate a real estate attorney in your city. Be sure to find one that has been a real estate lawyer for at least five years. Every starving lawyer is now a "foreclosure defense" expert, even if they've been doing it for two months. Also, be cautious about any loan modification company that isn't run by an attorney. Lot's of scams and ripoffs that make a bad situation even worse.

Good luck in getting it straightened out.

This is what we've been looking in to since I wrote this, its a real balancing act at this point, if we risk it and go to the forclosure hearing in Feb. and plead our case a judge could still just crack a gavel and rule against us, and as for a chapter 13, it's a consideration but because of the income hit we've taken we really need a modification. The 13 would require us to make our current payment and divide up the amount in arears over 3 to 5 years on top of it, I'm not sure that will help.
Our income falls exactly into the Obama mortgage mod plan, our sitiuation is exactly what it was made for, our mortgage company has done everything possible to keep us from getting that program. On 3 occasions we called to check our status and were tole that we made too much money, when we asked how much we made they had us in their computer as making 3x what we really made, we made them chang it, called back in a week and they had changed it back ect ect. fruadulant shit like that to disqualify us. Thats how I know we're gonna loose our house, they've been obvious about stacking the deck this whole time.

[disneyspy]

check out your states health and human sevices dept. here in michigan,which was hit hardest by the bush policies they set up this to help people about to lose their homes and apts

http://www.mfia.state.mi.us/mars/

dont worry about the arabic words,we have alot of them here and they're not terroris,well dont let it scare you

[stronger129]

Im sorry for your situation...it's awful all around.. we have a two year old, I lost my job and cant get another one.. I've applied everywhere even the local grocery store and babies r us as well as office jobs doctors offices and such.. now my husband may be loosing his job things are so bad.. we have just over a hundred dollars in our savings and less in checking..I feel like I cant sleep anymore...I feel like I am praying ever five min and then vomiting from anxiety. It sucks!

[strawberrypop]

Oh, stronger, I'm so sorry. I know how that feels. It's so dark and scary. I hope you have people you can lean on - I made the mistake of trying to shoulder it all myself and not letting people help and saying that I didn't want to burden them with worry or make them end up feeling guilty and helping me when I knew they had it rough, too. I spent many nights crying and praying and being angry with God for not answering...but He did, eventually.

I'll keep you in my prayers. Good luck with everything.

[TripleSkeet]

This is what we've been looking in to since I wrote this, its a real balancing act at this point, if we risk it and go to the forclosure hearing in Feb. and plead our case a judge could still just crack a gavel and rule against us, and as for a chapter 13, it's a consideration but because of the income hit we've taken we really need a modification. The 13 would require us to make our current payment and divide up the amount in arears over 3 to 5 years on top of it, I'm not sure that will help.
Our income falls exactly into the Obama mortgage mod plan, our sitiuation is exactly what it was made for, our mortgage company has done everything possible to keep us from getting that program. On 3 occasions we called to check our status and were tole that we made too much money, when we asked how much we made they had us in their computer as making 3x what we really made, we made them chang it, called back in a week and they had changed it back ect ect. fruadulant shit like that to disqualify us. Thats how I know we're gonna loose our house, they've been obvious about stacking the deck this whole time.


Dude, with a story like that, what you need to do is document the phone calls and what was being said and by whom. Then call a reporter for your local newpaper. They can usually be a big help in situations like this. And the bank definitely doesnt want the exposure. In Philly the Daily News throws stories like this on the front page all the time.

It may not work, but it cant hurt to try.

[thepaulo]

I'm truly serious about this. God needs to come down and make a better world.

[FUNKMAN]

sorry to hear it!

then you watch CNBC, and they're on the side of the banks. god forbid Obama says he wants a little more money from the banks, the analysts or whatever you call the panel on CNBC cry " your killing capitalism "

God forbid you say something against the constant record bonuses or salaries, the CNBC panel is crying "where are you going to get the best executives" if you only pay them 10 million instead of 20 million a year?

and these mother fucking banks that give you 1% interest on your money and taking anywhere from 6 to 30% interest on money you borrow via loans and credit cards, which is basically somebody else's money "not the fucking banks", and they're bailed out by taxpayer money...

i'll ask this simple question again

if someone walks up to you in the street and puts their hand in your pocket to take your money, what will be your reaction?

what the banks are doing is no different. but they have a bunch of help from Washington

it's too big an issue for even the President. although I think he could expose exactly what is going on and sway public opinion enough to make some real change

[Death Metal Moe]

I understand that the banks want and need the money from mortgages and I don't think anyone who enters into an agreement with the bank really wants to stiff them.

What I don't understand is why aren't the banks willing to work with people a little more? I see the banks being stuck with A LOT of empty homes earning them absolutely no revenue in the next few years. How is that good for their bottom line? Empty homes not being kept in working condition, just slowling deteriorating. Pipes freezing. Animal damage. Ice melt and freeze.

If the banks would help people though this hard time they would still have people in those homes when the economy turns around. I don't see why they're just forcing people out. At the rate people are losing homes I don't think there's enough new buyers out there. Especially after the bank ruins people's credit through a foreclosure.

[deliciousV]

In a shocking developement, we recieved a package in todays mail APPROVING us for the "Home Affordable Modification Program"! Please understand that when I started this thread last week our impending forclosure was a done deal. We had just recieved a letter saying we were ineligible for this same program based of some very inflated income figures they were using and our forclosure hearing was sceduled for next Tues. I had contacted a lawyer who had told me not to even bother going to court, in SC the hearing is a rubber stamping of the lenders request. So we believed all hope was lost. But it seems that our Mortgage insurance company had prepared their own package complete with our correct income and presented it to the Mortgage company, and as they have since told us this package came with the implication that they know we qualify for the program so they won't pay out on the default.
Anyway, this thread is null and void as it now appears I will keep my house, all the payments I missed and late fees are gone and my new interest rate makes my house payment 400.00 less than it was, so now I can afford my house......whew!!!

[Aggie]

In a shocking developement, we recieved a package in todays mail APPROVING us for the "Home Affordable Modification Program"! Please understand that when I started this thread last week our impending forclosure was a done deal. We had just recieved a letter saying we were ineligible for this same program based of some very inflated income figures they were using and our forclosure hearing was sceduled for next Tues. I had contacted a lawyer who had told me not to even bother going to court, in SC the hearing is a rubber stamping of the lenders request. So we believed all hope was lost. But it seems that our Mortgage insurance company had prepared their own package complete with our correct income and presented it to the Mortgage company, and as they have since told us this package came with the implication that they know we qualify for the program so they won't pay out on the default.
Anyway, this thread is null and void as it now appears I will keep my house, all the payments I missed and late fees are gone and my new interest rate makes my house payment 400.00 less than it was, so now I can afford my house......whew!!!

answered prayers! :clap: so happy for you and your family!

[Death Metal Moe]

Very glad you got a happy ending.

It's not the norm these days, believe me. Count your blessings on this one.

[Jujubees2]

Fantastic!!!!!!!!!!!!!

[Hottub]

Finally a story with a happy ending.
Great to hear.

[Lady Resin]

Wow! Just wow!!:thumbup:

[Misteriosa]

In a shocking developement, we recieved a package in todays mail APPROVING us for the "Home Affordable Modification Program"! Please understand that when I started this thread last week our impending forclosure was a done deal. We had just recieved a letter saying we were ineligible for this same program based of some very inflated income figures they were using and our forclosure hearing was sceduled for next Tues. I had contacted a lawyer who had told me not to even bother going to court, in SC the hearing is a rubber stamping of the lenders request. So we believed all hope was lost. But it seems that our Mortgage insurance company had prepared their own package complete with our correct income and presented it to the Mortgage company, and as they have since told us this package came with the implication that they know we qualify for the program so they won't pay out on the default.
Anyway, this thread is null and void as it now appears I will keep my house, all the payments I missed and late fees are gone and my new interest rate makes my house payment 400.00 less than it was, so now I can afford my house......whew!!!

holy crap!!! :clap: that is amazing! i am so happy for you!

do you know if the ins. co. asked why the bank was using the inflated figures?

[Insert all those sport clichés about winning at the last minute!]

[Donnie Iris]

I didn't know houses could become loose.

[Death Metal Moe]

I didn't know houses could become loose.

It happens when you slam the back door too hard for years.

[TripleSkeet]

I didn't know houses could become loose.

I had been dying to make this joke since the thread started. Thank goodness all worked out well.

[jennysmurf]

I had been dying to make this joke since the thread started. Thank goodness all worked out well.

Me too! I'm just too much of a goody-two-shoes to do it in this forum. I'm glad someone was able to now that things are looking up! Donnie Iris is the winner!:king:

*Boo! Someone fixed the title! Way to take the wind outta our sails!*

[moochcassidy]

I'm really glad things worked out for you. I was getting seriously depressed reading this thread. Nice to see somebody get a break for once.

[Hottub]

Me too! I'm just too much of a goody-two-shoes to do it in this forum. I'm glad someone was able to now that things are looking up! Donnie Iris is the winner!:king:

*Boo! Someone fixed the title! Way to take the wind outta our sails!*

Let's just try and keep it happy for now. If DV wants this thread moved to another forum he can let us know, and you guys can make spelling jokes all day long.

He is keeping his home!!!!:clap:

[deliciousV]

Did I really write "loosing"? If so then I deserve a beat down. I enjoy a good thrashing from the spelling and grammer police as much as the next guy.

[angelinad128]

OMG! So happy for you!

[mikeyboy]

In a shocking developement, we recieved a package in todays mail APPROVING us for the "Home Affordable Modification Program"! Please understand that when I started this thread last week our impending forclosure was a done deal. We had just recieved a letter saying we were ineligible for this same program based of some very inflated income figures they were using and our forclosure hearing was sceduled for next Tues. I had contacted a lawyer who had told me not to even bother going to court, in SC the hearing is a rubber stamping of the lenders request. So we believed all hope was lost. But it seems that our Mortgage insurance company had prepared their own package complete with our correct income and presented it to the Mortgage company, and as they have since told us this package came with the implication that they know we qualify for the program so they won't pay out on the default.
Anyway, this thread is null and void as it now appears I will keep my house, all the payments I missed and late fees are gone and my new interest rate makes my house payment 400.00 less than it was, so now I can afford my house......whew!!!
FANTASTIC! I'm really glad to hear it all worked out.

[disneyspy]

Did I really write "loosing"? If so then I deserve a beat down. I enjoy a good thrashing from the spelling and grammer police as much as the next guy.

you looser


congrats

[Brad_Rush]

congrats!

[FUNKMAN]

Congrats!

so what's the catch? did they increase the length of the loan or something?

http://www.chefelf.com/starwars/images/ep3_judge.jpg

never trust a banker!

[IMSlacker]

Wow. PMI to the rescue. Who'd a thunk it?

That's great news! I'm really glad things are working out.

[Donnie Iris]

Did I really write "loosing"? If so then I deserve a beat down. I enjoy a good thrashing from the spelling and grammer police as much as the next guy.

It was probably in poor taste anyway. Congrats.

[deliciousV]

Congrats!

so what's the catch? did they increase the length of the loan or something?

http://www.chefelf.com/starwars/images/ep3_judge.jpg

never trust a banker!

Yes, that is part of it, but they had to lower our interest rate to make our house payment equal 31% of our income, in doing that it lowered the payments without tacking on too much to the end.

[Misteriosa]

Did I really write "loosing"? If so then I deserve a beat down. I enjoy a good thrashing from the spelling and grammar police as much as the next guy.

:innocent:

[Dougie Brootal]

great news brotha!!!!!!!!:clap:

[topless_mike]

great news yo.
congrats. it must be such a weight lifted off your shoulders.

although, i dont agree with the fact that missed payments are "wiped off the books"; you entered a contract and agreed to pay that, but i am ecstatic that it got straightened and you rec'd what you qualified for.

good work sir.

i feel that all banks should, especially in these times, open the door up to refinancing.
the banks fuck you by requiring closing costs on a refi. i feel that if they temporarily suspended that, that more people would refi their houses, thus making them more affordable month-to-month. the banks are also making interest upon interest.

its a win-win.

[deliciousV]

great news yo.
congrats. it must be such a weight lifted off your shoulders.

although, i dont agree with the fact that missed payments are "wiped off the books"; you entered a contract and agreed to pay that, but i am ecstatic that it got straightened and you rec'd what you qualified for.

good work sir.

i feel that all banks should, especially in these times, open the door up to refinancing.
the banks fuck you by requiring closing costs on a refi. i feel that if they temporarily suspended that, that more people would refi their houses, thus making them more affordable month-to-month. the banks are also making interest upon interest.

its a win-win.

I may have mis-spoken, the missed payments are rolled back into the loan, they will still be paid. Only late fees and penaltys will be waived once we meet our end of the deal.

[topless_mike]

I may have mis-spoken, the missed payments are rolled back into the loan, they will still be paid. Only late fees and penaltys will be waived once we meet our end of the deal.

thats better.
those fees are accessorial charges, not part of the organized loan.
again, good work sir.

[spoon]

.

anyone need insurance and happy endings!?

[jennysmurf]

anyone need insurance and happy endings!?

All in one stop? Impossible!