The quick & dirty: Purchased a brand new home, closed 3-9-10. First home purchase ever for me. FHA loan, closed with builders' lender, mortgage later sold to BoA. Purchased home for $206k, owe $195k now, just hit 60 days past due July 1st. Investor recently sold a bunch of properties in the neighborhood & killed the comps; I'll be lucky to get $160k in a short sale, more likely $140-ish.
45 days after closing, I was injured in a car accident while on the clock. The guy who hit me was uninsured, so I thought I was lucky that it became a workers comp case. Long story short, almost 2 years later they were still delaying getting me the surgery I require, and I got hit again. Minor fender-bender, nothing really - but they jumped on it like a cheetah on a gazelle. Claim my ongoing injury is a result of the new accident, cut me off of my disability checks and somehow (my lawyers are still reeling over this) managed to get a judge to close my case.
Savings and the tiny settlement from the case lasted me through April. Nobody will hire me; I'm a living, breathing liability in that all I have to do is say "picking up that folder threw my back out again" and they're on the hook - and they know it. I am getting turned down for jobs I never thought I would lower myself to apply for before now.
So - BoA offered to help, took my info, said I;d get a call in 72 hours. Took 5 weeks and a dozen VM's from me before I heard back - and another 3 weeks when the reassigned me to another agent when mine quit oir got fired or something, I dunno. NCCI is now calling, haven't received their package yet.
60 days past due, essentially zero income. I do NOT want to walk away from this home; it took me 10 years of hard work to recover from ID theft and an eventual BK7 to get it in the first place. But if I can't find work I won't have a choice - although frankly, even if I walk or get forclosed on while here, I don't know how I'll qualify for even an apartment with zero income. Fiance (bless her heart sticking with me through all this) is helping but her income doesn't even pay the utilities at this point.
What are my options? I am getting so much contradictory advice. I don't know what to do. I'm getting contradictory not only advice, but info on what I CAN do. Obviously I'm not going to rely on BoA to play straight with me. I'm hearing that some new law is stalling forclosures..?
If anyone knows anything or can give me a straight answer, I would be forever grateful.