how many payments are you behind.

[acesfull]

Hi All

Today I am 5 months behind on my mortgage.

I have no heard anything back from AHMSI. I wrote them to explain that I would not qualify for the Hamp, but know one got back to me yet.

So loansafe people, How many months are you behind?

I have the 5 payments saved, but trying for a nice principle reduction.

Good Luck

acesfull

[AZOwner]

2 months late. Walking away unless I receive a principal reduction and they fix my credit.

Wrote my congressional reps and the attny general, and have a "negotiator assigned" -- 2 days ago, because the attny general forwarded my email.

Have not heard from the negotiator but I know my terms and am sticking to my guns. They can chew on this for awhile. . .

Stash cash.

Peace

There are 2 petitions. Use each link below to sign:

PETITION TO THE U.S. GOVERNMENT FROM AMERICAN HOMEOWNERS | Petition2Congress | TO THE UNITED STATES GOVERNMENT FROM AMERICAN HOMEOWNERS Petition

[cleach]

We were 11 months when we were actually foreclosed on.

[mimirayo]

EEP.....dare I say......over 24 months!

[kymmer116]

Ok, I am not trying to be a jerk here but I can't believe some of what I am reading. Principle reduction's?? And for the lender to fix your credit??? Honestly I can't believe it. Why would you ask for a principle reduction on a mortgage that you signed for? It's like buying a car and keeping it for a couple of years and now that it has lost value you want to have your loan amt reduced. And as far as them fixing your credit, that is totally crazy. Sorry but this is getting out of hand. It's not the LENDER'S faul, it's OUR'S!

My husband and I are about 200k underwater we are going to begin the trial in Dec, I am NOT asking for a principle reduction just interest rate drop. So I understand some of this nonsense but really people banks are NOT going to fix your credit, and as far a principle reduction if you get it great, but I wouldn't count on it.

[AZOwner]

No one said they were counting on it. And there is no one whining here.

It is the banks fault -- directly -- that my home value plummeted. Had my home value NOT plummeted, I would have refinanced over a year ago, because my PROPERTY VALUE would at least be in the BALLPARK of my mortgage. It's not even in the same city at this point.

Where have you been? Frankly, I don't give a rats axx if they do it or not, that's my offer. They can take it and have a solid mortgage they can count on receiving payment for, or they can have the house back.

Either way, I have already been royally screwed by the bank. So, have you, and so has the rest of the American public.

I will NEVER accept responsibility for the economy tanking. I did EVERYTHING the way I was supposed to. Good little American Girl.

And, this is my grand reward.

Hope you get your mod, and hope you love every minute of it, Kimmer!

[caldwellb02]

We just put the possibility of principle reduction in the petition because some people's hardships are that bad. I'm not expecting one for myself.

However, i have been working on this for 9 months and have not even got a trial mod and I have been trying my best to help everyone here. We are not, as AZ said, responsible for the economy tanking.

We are responsible, however, for trying to make a change. I do not want this happening to my kids or my grandkids, and it can if the system isn't changed NOW. That is what we are working for here. There will be compromise. Maybe we won't get a NPV test on makinghomesaffordable. But I sure hope we can expose the REALITY of what is going on here. We can't do that without showing numbers. We can't do that if we are all in our cozy little pre-foreclosure homes faxing and refaxing and getting collections calls and being stressed and crying about our plight. We have to fight. And this petition is one way to get noticed. There is no time. People are losing their homes every day. we have to fight now.

[Kimbly]

Originally Posted by kymmer116

Ok, I am not trying to be a jerk here but I can't believe some of what I am reading. Principle reduction's?? And for the lender to fix your credit??? Honestly I can't believe it. Why would you ask for a principle reduction on a mortgage that you signed for?

Are you kidding me? By that logic, why would YOU then ask for an interest rate reduction? Did YOU not sign for that mortgage?

The judgement makes me sick.

We all were taken advantage of. Are we responsible? Yep, we sure are. I accept accountability for my mistake of believing all the lies and false promises. I accept accountability for signing loan docs I should not have signed. But, if the lenders want to keep people in their homes and fix the mess that they directly helped create, then they need to get creative. Write down principal balances or lose it in a foreclosure sale. Whatev.

Me, I don't care anymore. I'm so far underwater I can't see the surface and, by most estimates, I won't for at least 18 years. BoA can have the house and I'll take my life back. I accept the consequences for breaking the contract I signed; they have to accept the consequences of drafting such crappy contracts that got us all here.

Tangent over.


I am currently 2 months behind; next week it will be 3. We 'missed' our first payments in September. I've received more phone calls from the 2nd than from the 1st. We received a notice of intent to accellerate sometime in the past two weeks (I was out of town so I don't know the exact date). I'm hoping for a NOD early next month and a sale date of mid-February. I'm ready to move forward.

[kymmer116]

Ok AZO, so you are telling me it's the bank's fault that they lent money to homeowners, who either couldn't afford the house in the first place and went in foreclosure which dropped the house values nation wide??? Really... I find that everyone is trying to blame everyone else. The bank's are far from perfect and I am not trying to defend them at all and EVERYONE has a different situation. It is my OPINION so don't get on your high horse at me.

And as far as"where have I been" I've been sitting next to a foreclosed house for 2 yrs now and have 2 other's directly behind me, but I'm not blaming the banks for it. Good luck to you. As I am trying to remain positive and am happy over my trial mod so excuse me. Good luck AZOWNER!

[kymmer116]

Originally Posted by Kimbly

Are you kidding me? By that logic, why would YOU then ask for an interest rate reduction? Did YOU not sign for that mortgage?

The judgement makes me sick.

We all were taken advantage of. Are we responsible? Yep, we sure are. I accept accountability for my mistake of believing all the lies and false promises. I accept accountability for signing loan docs I should not have signed. But, if the lenders want to keep people in their homes and fix the mess that they directly helped create, then they need to get creative. Write down principal balances or lose it in a foreclosure sale. Whatev.

Me, I don't care anymore. I'm so far underwater I can't see the surface and, by most estimates, I won't for at least 18 years. BoA can have the house and I'll take my life back. I accept the consequences for breaking the contract I signed; they have to accept the consequences of drafting such crappy contracts that got us all here.

Tangent over.


I am currently 2 months behind; next week it will be 3. We 'missed' our first payments in September. I've received more phone calls from the 2nd than from the 1st. We received a notice of intent to accellerate sometime in the past two weeks (I was out of town so I don't know the exact date). I'm hoping for a NOD early next month and a sale date of mid-February. I'm ready to move forward.

I'm happy you are able to move on, I'm not sorry. And as far as ASKING for a interest rate reduction, I applied for the HAMP and got it there, I NEVER directly said I want my rate reduced, I went into it thinking whatever happens. happens.

[cleach]

In our situation, I don't blame the bank for what happened. I DO blame them for lying to us when we were trying to get a modification. But Kymmer, you say it's out fault - and I'm here to tell you - it's not MY fault.

The bank didn't make a loan that we couldn't afford; we didn't sign a loan we couldn't afford. When we bought the house that was foreclosed, we made @ $100K/year. In rural GA. That's a lot of money. Our mortgage was only $114K, and we had no other debt. We could well afford our home. But shit happens - it's a fact. And when the economy tanked, so did my husband's income. HOW DARE YOU SAY THAT'S MY FAULT? People are giving the banks a "choice" because they can continue to get some money, or get nothing at all, which is what my bank is now getting from me. Yes, we all signed contracts that are legal and binding, but that doesn't mean that unforeseen things don't happen. Obviously, something unforeseen happened to you.

[kymmer116]

Ok I will clarify, I am SICK of reading on here, those who have a 1st,2nd,HELOC and bankruptcy and expect help for ALL that, IT IS THEIR/YOUR FAULT. I am allowed to have an opinion, sorry if it offend's some of you.

[Kimbly]

You are allowed an opinion. You are allowed to judge the very people that have been posting on this site for years and have been here helping others. You are allowed to judge the misfortune of others. Hopefully, and I mean that, you are not in such dire straights some day that someone says, "Well, you made a wrong decision and now you're getting what you deserve" when the circumstances are out of your control and you did all you could to right the situation (by taking on more debt to take care of debt, by filing bankruptcy to protect what little assets you had, ect).

Something changed in your life to make you not afford the loan WHICH YOU SIGNED; you came here and those of us you are now judging helped you.

Good luck with the bitterness and judgement in your heart. I wish you the best.

[cleach]

Kymmer, you certainly are allowed to have an opinion. As is everyone else. If you're sick of reading on here, don't. That's what this board is about. Regardless of what people share here about there home/mortgage situation, it is impossible to know the whole of their situation - because they're only sharing as it relates to this board. Even in the situation you mentioned about - one could conceivably afford that - and then have a premature baby who has to spend time in the NICU to the tune of hundreds of thousands of dollars (happened to us, but you didn't know that).

There are lots of circumstances that can cause one to find themselves in this situation. I certainly agree that people need to take responsibility when things within their control have landed them in this situation. But more often than not, that isn't the case. It's usually not just simply being irresponsible.

What happened to you? And why are you so pissed off?

Personally, I'm not offended by you - I don't even know you, and I'm really not easily offended. But I find it amusing that you're just ticked off about this, when you don't "know" any of these people either.

[cleach]

Well said, Kimbly - I could've just waited on your post!

[kymmer116]

Well Kimbly I never said I wasn't at fault I do take responsibility for signing my loan paper's. I have NO bitterness in my heart.

[cleach]

You take responsibility - but you're asking your bank to MODIFY THE ORIGINAL TERMS OF YOUR AGREEMENT which is what you're griping about others doing. It doesn't matter what part of your loan you're asking to change.

[kymmer116]

It is my opinion, period! As you all stated every situation is different, i'm just annoyed w/the people who never could afford thier loans in the first place. And cleach i do have a child w/cp so i do know what hardships are, i just didn't think that was important until now to mention. So excuse me.

[cleach]

EXACTLY!! You don't need to mention it! That's exactly my point. You don't know what has happened to people to put them in their situation, just as I don't know what has happened to you. You don't mention it because it isn't important to what you're doing at loansafe. But that just goes to show that just as I don't know your situation, you don't know mine, or Kimbly's or anyone else - even if they have a 2nd mortgage and have filed BK. You don't know that it's their fault. So why be so harsh?

[Kimbly]

Originally Posted by kymmer116

i'm just annoyed w/the people who never could afford thier loans in the first place.

They could afford their loans as they were written, for the short term. Perhaps you had the only ethical mortgage broker during the 'bubble', but many many many people were convinced they could afford the mortgage they were signing; they could take the low teaser rate and in three years, refi at a better rate, or take the equity and move on to a lower payment given the great downpayment they'd have. In three - five years, yes, technically the payment would increase, but no problem, we'll move you to a different loan then, the house will be worth $100k more, you'll make more, you'll have better credit.

Those people just wanted a piece of the American dream and thought they could have it, were SOLD on the idea that they could have it. Many were duped, my dear. Many were taken advantage of. Many bought into the idea of the dream. Skillful marketing and sales for sure. But, they believed. They thought they could do it. They had no idea the market would plummet, that they'd be stuck in those predatory loans or that the economy would bottom out and they'd lose their jobs.

I know no one that missed mortgage payments the first 6-12 months of their loan. But, you can't skip out on the clothing budget, the medical budget, the car repairs, the glasses, the roof, the foundation, the windows, ect. forever.

I am not trying to eliminate your right to your opinion. I'm trying to get you to realize the basis of your opinion of many people has a false premise.

[kymmer116]

No thERE was another post on a differrent forum and they stated they couldn't afford the house or the payments but went with it anyway, that pisses me off b/c that has a direct impact on all of us.

[kymmer116]

I am not trying to stir anything up.

[yomann]

Four months behind on my 1st with WF (when it reset to PI from IO)
Five months behind on my 2nd with National City.

Closed my business end of July, and currently seeking employment - any job - will even settle for $10/hr.
Filing for BK in the next 2 weeks.

The only light I see for myself is in 5 months I will be 59.5 yrs old, at which point I can withdraw funds from my substancial IRA account, penalty free.

If the banks put forth "reasonable" offers to modify, we can make it with IRA withdrawals and my wife's income.
If not, we give up the house and look for a cheap 2 bedroom apartment ......

[mimirayo]

All I can say is WOW.....the purpose that drew us all here was to get help with our mortgages...all kinds of help, maybe just information.......for some they have graciously shared their experiences and expertise.

What drew you here? Did ya just need to vent...because it seems to me that you have not asked a valid question, requested help, or offered information, or seemingly carried on a nice conversation without attitude.

If we can help you we will give you the information we have to offer. We don't judge when someone asks for help, and sometimes they get answers they don't want to hear. Yes, I have screamed at the screen because of a post.....but you get to the heart of the matter, and you can help or not.

The last thing people need in this community is conversations like this one.

[kymmer116]

I do appologize for being harsh, and judgemental to other's here. I was caught at a moment of frustration and I am sorry if I took it out here and offended anyone. I will in the future, leave my opinion and comment's to myself. Good luck to everyone...