Update: Really don't care if I sell this home in a short sale or it goes into foreclosure and I file for BK. The latter is the sensible option.
Reading the article on the New Hamphsire couple I saw the B of A Countrywide advert for helping homeowners and wondered why they can't do what they say.
Quote:
Call us at 1-800-669-6607 to find out if you’re eligible.
|  | Here's how we can help.
Our goal is to help keep you in your home. If you think you might fall behind on your payments or have already missed a payment, our specialists will work with you to determine your eligibility for one or more of these potential solutions:
- Refinancing
- Extending the term of the loan
- Interest rate reductions
- Temporarily freezing monthly mortgage payments
- Extended repayment schedules
- Decreasing the principal balance of the loan
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Would have stopped alot of pain. To tell the truth, I have no faith in any institution; or Corp. And this minor setback for us all will change the way we save, and spend our monies in the future. I am looking to get through this by a ten year outlook and restore my credit and move on.