Hello-here's the background info
I originally bought a house on my 25th birthday in 2006 thru Reasume mortgage for 212k. It was some stupid kind of I/O ballon loan with a 180k ballon payment due in a few years. So I then refinanced the property thru E-Trade at the end of 2006. the !st as a conventional uninsured 30yr fix at 6.25% for $245,000.
06/21/2007 2nd is a conventional uninsured 30yr fixed for $71,800 at 8.305%. the lender is Countrywide home loans. The note is secured by a deed of trust.
Both are serviced by countrywide now BofA. This is my
sole and separate property on both loans.
Last year we had our third child and I knew we couldn't afford the payments on the mortgage for much longer. Like many of you our saving disappeared trying to keep up with the increase in food, gas, and our regular monthly payments. We had to buy a larger family car, replace the hybrid battery and a/c system in our civic, and pay for the funeral and wake for my wife's mother.-It's Jan 09 and we're broke.
For the next six months I play phone tag with countrywide reps. Like you I was told i'd quilified then I didn't/you have to be three months behind Mr. Manteca man/go beg from your local church thats why they're there/ask a senoir in your family that on a fixed income for money/you need to use all savings and retirements funds before we can do anything..and so on.
anyways the jist of it-
currently
1st $237,667 $1,738.4 (m) 6.25%
2nd $70,691 $ 554.3 (m) 8.30%
t $308,358 $2.292.7 monthly payment
our gross is $5,399 net is $3,882 monthly
current house value
$138,000 county assesor on July 30 hi
$114,200 BofA website lo
in the papper similars listed in between $88k-$120k
The end?
we'll find out. those people at 669-0102 number are monkies.don't waste your time with monkies-they throw poo. we recieved notice to accelerate with a date of Aug 20th
I wish I found this website sooner. with no help from any of the monkies I found the BofA email hit list. emailed them all on Aug 13th and wrote about what has been going on. received phone call next morning from Angel Speakerman. Aug.17th assigned senior loan nego by the name of Christy McGowan(the best...you rock). refaxed all the info directly to her and submitted mod to investor on th 21st. now we're waitng...
also Ms. Cynthia Thornburg rocks. everyone that I've dealt with since that email has been responsive, kind and very helpful. the harrassing? phone calls have stopped for now