My husband and I went into Foreclosure last December, we worked our butts off, came up with the $5000.00 to get a payment plan worked out, but our payments would now be $1700.00 a month, from $900.00 a month. We would be caught up by September of 2008. We made the first two payments no problem, the end of February a freak storm came through and knocked down a 50 - 60 foot Oak tree on our garage.
We couldn't make the payment because we had to go out and buy some equipment to start getting this tree off the garage or it would have collapsed. Tree removal ended up costing $5800.00, roof $2800.00, insurance will cover some of this but not all of it. We had them leave the tree in the yard because they wanted another $1800.00 to haul it off. We bought a couple chain saws and a friend of ours let us borrow a Wood Splitter to chop all the wood.
Anyway this voided out the contract with the mortgage company, now back to square one. I called them immediately, explained what happened. In the meantime I had to start working on the insurance claim for the tree.
March 18 all the paperwork the Mortgage needed was faxed over to them to re-apply for a new Loan Modification. Called them a couple days later to make sure got all the paperwork. They did, all was okay, at that time.
Called them a couple of weeks later, my case had been assigned to a specific person, got her name extention, etc... I called her and called her, left messages, left more messages, documented every single time I called. She never called me back.
April, May, June has gone by now, the sale date on the house keeps getting postponed, Thank God. I am completely frustrated at this point, I have done everything I am suppose to do, but no one calls me back. I get an agent, they say they will upgrade to an immediate status, still nothing. Finally, I happened to find a number of someone that worked with us in December, she came to my rescuse, cancelled the sale date again, upgraded it to immediate status, and again no response. Then I couldn't get ahold of her anymore and the lady that was in charge of my loan modification was fired. Hmmmm, I wonder why?
Finally, I worked out a plan, they were suppose to send me the paperwork sometime in July, I am still waiting, sale date has been postponed again. Called Clark Howard a Radio Financial Advisor, they advised me, the mortgage company does not want your house back, call the Georgia Department of License and Finance. Called them, filed a complaint, they contacted the mortgage company, received information back from them as to my options, which I am already working on.
Everytime I call the mortgage company, I get a different story, a different person, they are rude, overworked, and can't keep their head above water. Finally, I hired another company to get involved, they have back channels to the Mortgage company, now they are doing the work I was trying to do. They have been working on this for 2 months. We haven't resolved anything, still living in our home. Can't make a payment because they will reject it and send it back. My husband and I have been trying to save up money so when the time comes to resolve this we will have some put money aside. Everytime you turn around, the electric bill is higher, gas is higher, food is higher, my son need school supplies, clothes, this needs repair, he needs to have a physical and needs some dental work. The taxes on the house are due in October, my tags need to be renewed. My husband is collecting card board boxes at work to make more money. I receive child suppport, babysit two children part time, sell on ebay, and on the weekends we sell car related items at car shows. We can't ever seem to get ahead because inflation gobbles up what ever we make. We can't touch the 401k and have lost about $1000.00 there because of the stock market.
Unfortunately, because of the insurance claim on the house, the tree service and the roofing company have only been paid half, they are harassing me about their money. It took me four months to get someone out here to fix the roof. The insurance adjustor finally came out two weeks ago and I am waiting on the checks from them, so I can pay the Tree service and Roofing People off. However, there will be a balance, we will be responsible for that.
Its just aggravating, its stressful, I get depressed, my husband gets depressed, and this has taken a toll on our lives. We are stuck in limbo until the mortgage company decides what they are going to do.
Just so some of you know, when I talked to the Georgia Licensing Department, the gentleman was so nice, and he confessed, that there were meetings held with State Officials, including my Senator Saxby, over a year ago, because they knew what was coming. They didn't do shit about anything. These mortgage companies have 50 - 100 cases per day sitting on their desks and these piles get bigger by the day. They don't hire extra people to take of them and this situation just gets worse.
This may be a possible solution for us, my husband has a 401K plan with about $20,000 in it, but the company he works for has a restriction on this, that he can't draw the money out past a certain ammount. Which means the only way he could get to this money is to quit his job. He is 51 years old, has 13 years invested in the company, this would mean no income, there goes our insurance, he wouldn't be elegible for unemployment, and have to start over looking for a job. Some solution HUH?
I am telling you my story because I am sure there are others that come to this site with the same problem, and we need help, advise, so whatever you can do to help me and other people please comment. I don't want sympathy here, I need solutions, I need to find a way out.
Now this week, we have collapse in the markets, the people that caused this get bailed out, but who is going to bail me out My Mortgage is owned by Morgan Stanley/Saxon Mortgage, they are next to go under. So, what happens if they don't work with me to get this resolved? What happens to all the Americans that are going through the same thing? Fannie Mae and Freddie Mac have frozen all mortgages are they going to do this for me? Why can't they just take what I owe, what I am behind, put it at the end of my loan and start over. Remember I am behind even more because their incompetence to handle the load they put on themselves. They wouldn't answer the phone calls, they wouldn't call me back, I have done everything I am suppose to do.
Where is our leadership, why don't they help the American people, they want your vote, but they don't want to help you. Bush sits up there in his cubby hole and is such a Coward, he can't even face the mess he has allowed all his little chronies to get away with. I hope to God these people pay dearly for what they have done to allot of people in this Country that voted them in. However, I am not one of them, that gave them my vote.
I am supporting Obama all the way, he gets my vote, but he better help the American people.
Do I sound mad, well I am, I just wish every American was as angry as I am. I am done venting now, thank you for that. Oh thats right I am "whining."
Thank you all ahead of time, I really enjoy it here at DKOS.