This is a long story, and it is painful.
We've been living in this house for 15 years. My mother lost her job in 2008 and was approved for Disability in 2010. Wells Fargo kept foreclosing. We called and asked what was happening and they told us "There is a sheriff sale scheduled 2 days from now." And they said the way to stop it would be a loan modification. This happened several times between 2008 and 2009.
They asked us for a hardship letter, and for a list of expenses. That's it. No proof of income. We were given a loan modification, maybe 3 or 4 times. One we couldn't afford obviously. So in 2010 we fell back into foreclosure.
We tried for a loan modification again, they didn't get back to us. We tried again, they wanted more information. denied. We tried again, denied. And now we just tried to apply for a HAMP modification, and they denied that because they said "You were already approved for a modification in 2009 and didn't pay that and your income cannot handle a mortgage payment." They keep giving us the same thing.
We can now afford a $700 a month mortgage payment, and they continue to deny it for whatever reason. We have a sheriff sale scheduled for July 18th, I asked for options and they just said "short sale"
What can I do? I've been on the verge of depression and was put into the mental hospital for it because of all this. We're planning on faxing some more papers hoping for some sort of a delay. But is there anything that can be done here? Their underwriters just keep denying and denying and denying now, even though we could easily make a mortgage payment.
They denied everything. HAMP, and working directly with them. Before they were just making up numbers and giving us a modification for an amount that we can't afford.
I can barely stand this anymore. This has been going on nonstop for 5 years. I'm tired of living in fear of living on the street because this "bank" can't get us a reasonable loan modification based on our new income.
We've been living here 15 years, why do they want to kick us out now?