On my journey

**CA_NA** · 09-15-2010, 09:41 AM

I am officially late with 1st today. There will not be any more payments. I've been unemployed since the end of last year and can no longer pay. Applied for HAMP and denied for any type of help. Thanks to this site, I have learned that banks don't give a crap about anyone's hardship. They are making huge profits again thanks to us and will not help the little people. This is the first time in my life I have ever been late on anything. I have always done the right thing, worked my butt off to get ahead in life, saved enough money to put a huge down payment on my house and now will lose it all. My only crime is that I did not plan for the collapse of the economy. My mistake. I guess I am not a responsible homeowner. I should have had a whole bunch of cash to payoff my house when the economy failed. What an irresponsible homeowner I am. Anyway, calls have already started. Credit scores in the 800's and about to be trashed. I am very, very sad but there is no help for me and I know it's not worth my life. Thanks to all the people who post on this site. I know that I am not alone. It's so unfair but that's the way life goes. The government screwed up big time by making all these programs optional. That's why millions of people are losing their homes.

**Alex Ferreras** · 09-15-2010, 10:17 AM

I give you props for figuring out how things are really ran, but you can't allow it to put you down and prevent you from living you life. If your unemployed like many, many others, analyze your options financially and keep looking for opportunities.

Yes this site does have thousands of people just like you daily, and the point of this site is to attempt in preventing them from getting any more hurt than they already are.

Appreciate your post and keep fighting!

**CA_NA** · 10-07-2010, 02:34 PM

Update: I checked my credit score on Credit Karma and it is still the same so I am assuming that lates have not been reported. So my credit is not in the tank yet. Not that it matters. Mortgage company is calling every day (I think). I answer some of the calls and tell them that they called me last week and situation has not changed; no job, can't sell, can't refinance, I am stuck. Anyway, I am still paying the 2nd.

**CA_NA** · 10-15-2010, 10:00 AM

Another update: Answered call from collections. Told them can't pay and had been denied for HAMP and any other type of help. Caller indicated no record of HAMP. I'm telling you it is a friggin' scam. I will no longer answer calls from them. I think they are full of crap. How could they have no record of HAMP denial if what I sent them was the stuff from making home affordable and all required documentation and HUD counselor information. They also confirmed that I they received it and was in the system. I think they did hire workers from McDonald's. OMG.

**CA_NA** · 10-22-2010, 01:52 AM

10/22/2010 - Checked my credit on credit karma today and it shows has gone down from 780 to 739. Last payment made in August.

**CA_NA** · 11-17-2010, 06:28 AM

11/17/2010 - I guess I am officially 3 months behind in mortgage. Received message from Discover that my credit limit has been lowered from 16000 to 8000. That's all for now. I'm thinking when the foreclosure is complete they will slash it even lower. I'm still paying the 2nd. Hoping that they will settle with me after foreclosure or that I can get a job and just pay the damn thing over a few years.

Missing the 1st payment on my mortgage (first time missing anything) was very difficult but I realize that it is best for my family. I will not cash out my IRA (not worth much now but will be in 20 years) and be screwed forever.

**CA_NA** · 12-15-2010, 08:30 AM

12/15/2010 - Credit score update (via credit Karma). Updated on 11/17 - score 738, updated today 12/15 - score 719. Don't know how accurate this is but I am not paying any company to show me my score. Looks like one of my cards may have closed my account. I don't know which one.

**Serenity** · 12-15-2010, 08:41 AM

Originally Posted by CA_NA

Another update: Answered call from collections. Told them can't pay and had been denied for HAMP and any other type of help. Caller indicated no record of HAMP. I'm telling you it is a friggin' scam. I will no longer answer calls from them. I think they are full of crap. How could they have no record of HAMP denial if what I sent them was the stuff from making home affordable and all required documentation and HUD counselor information. They also confirmed that I they received it and was in the system. I think they did hire workers from McDonald's. OMG.

Because with these banks, there's usually more than one "system". The Loss Mitigation (modification) folks work with their own network database. And the collections people operate entirely separately - different information, dates, amounts etc.

They all claim to operate under the one united bank name, but they really operate as separate entities. Which is a main part of the reason why this whole loan modification racket is such a mess.

**CA_NA** · 01-17-2011, 04:17 PM

Update: My homeowner's insurance policy expired (not in escrow) and I don't have the money to renew it. Hopefully the bank will pay it. If not, I hope there are no fires anytime soon. I am getting at least 3 calls a day. I'm not answering anymore. Still have not gotten NOD. I thought I would have received it by now. Hopefully I can stay in the house until my children finish the school year. I'm still paying the second. As of now my plan is to come up with some sort of repayment plan for the 2nd after the foreclosure. I have not been able to save much money since we lost 60-70% of our income due to my job loss.

**CA_NA** · 02-03-2011, 07:16 PM

Question for anyone who knows: Will the banks change my locks even though my dogs are in the back yard and my kids may be at home? Will the police help us if my husband and I are not home but the kids call the police if the bank people try to enter the home? I am not answering the calls anymore. What's the point since I have been denied any type of help. When I answered the phone previously I told them I was stuck with no job, can't sell, can't refinance waiting for foreclosure. They are calling at least 5 times a day now.

**CA_NA** · 08-20-2011, 09:16 AM

Update 8/20/2011 - It has been a year since my last payment and still no NOD. Don't know how long it is going to take. I have a question for anyone who may know the laws in California. My 1st loan is purchase money and I guess non-recourse due to that but I am wondering if I move out before foreclosure if it is treated differently. In other words, do I have to stay here until they foreclose so that I don't have to pay taxes on the difference between my mortgage and the value of my house (both state and federal). I am a prisoner in this house and want to move on. Trying to avoid bankruptcy. By the way I have not checked my credit score since I don't care about it at this point.

**freedomwon** · 08-20-2011, 10:17 AM

Originally Posted by CA_NA

Update 8/20/2011 - It has been a year since my last payment and still no NOD. Don't know how long it is going to take. I have a question for anyone who may know the laws in California. My 1st loan is purchase money and I guess non-recourse due to that but I am wondering if I move out before foreclosure if it is treated differently. In other words, do I have to stay here until they foreclose so that I don't have to pay taxes on the difference between my mortgage and the value of my house (both state and federal). I am a prisoner in this house and want to move on. Trying to avoid bankruptcy. By the way I have not checked my credit score since I don't care about it at this point.

The only difference it makes as to WHEN you move out is to your pocket book. Right now, you are living RENT FREE & hopefully saving up some money. You can continue to do so until at least a couple weeks after the house is sold at trustee sale. Since you have not received a NOD yet, you've still got an absolute minimum 4 months from the time a NOD is filed. Imagine how much money you could save. Every day you remain in that house is a day you don't have to pay rent someplace else! In regards to property taxes, should you elect to stop paying them, not to worry. The tax bill runs with the house, not you personally. Many banks have stepped forward & starting paying property taxes & homeowners insurance. So don't let that be a financial burden to you.

In terms of your credit, know that your credit score does not define you. I began the process with a score of 820 & it dropped to the low 500's. Really, there's only 2 things you need credit for; house & car. Almost anything else, you can save up for & just pay cash.

**CA_NA** · 11-19-2011, 04:45 PM

Update: The bank set up an escrow account (our taxes and insurance were not included in mortgage). Still no NOD but I am thinking they are going to do something soon. I hope I can stay a few more months.

**freedomwon** · 11-19-2011, 06:39 PM

You're still there in the house! Keep saving up some money. You'll be there quite a while longer. Once you do get a NOD, 90 days must pass then they can file a NOTS, 21 days must pass prior to sale. So you can start counting the days once you get your NOD.

If you want to stay longer, you can challenge the trustee to get the sale date postponed. Some folks don't have the stomach for it, living with the unknown & feeling unsettled. That's a call you'll need to make when the time comes.

**CA_NA** · 01-20-2012, 06:16 PM

I guess they are going to purchase the forced hazard insurance. Is this something I will have to pay when they foreclose? It's a purchase money loan. I hope not.

**freedomwon** · 01-20-2012, 11:45 PM

Originally Posted by CA_NA

I guess they are going to purchase the forced hazard insurance. Is this something I will have to pay when they foreclose? It's a purchase money loan. I hope not.

Nope, you're in good shape. Ca is a non judicial state & the bank has no recourse since it was all purchase money.

**CA_NA** · 04-30-2013, 09:00 PM

Update 4/30/2013 - I'm still in the house. No notice of default, nothing is going on. I wonder how much longer. I'm beginning to think they lost my paperwork or something. It's been 2 years 9 months since my last payment on 1st mortgage. Still paying second due to fear. Is it time to stop paying 2nd? 1st is non-recourse, 2nd is recourse of about 75k.

**freedomwon** · 05-01-2013, 10:51 AM

Originally Posted by CA_NA

Update 4/30/2013 - I'm still in the house. No notice of default, nothing is going on. I wonder how much longer. I'm beginning to think they lost my paperwork or something. It's been 2 years 9 months since my last payment on 1st mortgage. Still paying second due to fear. Is it time to stop paying 2nd? 1st is non-recourse, 2nd is recourse of about 75k.

Hi CA_NA, Good to hear from you. Wow, you're just 3 months short of living in your home RENT FREE. Remember, the goal is to save up as much $ as you possibly can. The bank is paying your homeowners insurance & your property taxes. I hope, you are setting that money aside you would have been paying towards those things.

You had mentioned in 2010 & early 2011 you had lost your job. So that definitely puts a challenge in the mix to try to save money during that time. I'm very sensitive to that regarding your situation. Has that turned around for you? Did you get employed after early 2011?

If so, at the very least, I'd like to see you recover your original down payment. I'm very glad to hear you still remain in the home.

Is it time to stop paying the 2nd?

Personally, I would have stopped paying on both back in 2010. In fact, that's exactly what I did. Although technically your 2nd is recourse, banks have rarely come after the homeowner in Ca for that. But keep in mind, things can & do change. The worst damage will be to your credit (which is already trashed anyway).