twnkltoz

Update: Our home went through the trustee sale and is sold. We're being evicted. Unfortunately, we won't have the money to move until next month! Here's the situation, and maybe some of you have some insight: The new owner is a private investment group. The representative is Andy, and he has spoken to my husband a couple of times when I wasn't home. Greg told him we were counting on the 60 days the foreclosure notice said we would have, and Andy said even a month would be too long. Greg said we'd try to be out in a couple of weeks but didn't know if we could. Andy came back the next day and said be out by the 24th, because he has a cleaning crew scheduled to come on the 25th. This happened a couple of days ago, giving us about 10 days. Greg said we'd try but didn't make a commitment. Andy has not given us anything in writing. Our plan is to do everything we can to find a place and get packed, do a yard sale, give stuff away, etc. However, I am working 12-14 hours a day trying to make as much money as I can, and Greg is doing some writing work and making a little money, as well as trying to find a job still. We have our whole house to pack, plus there's the fact we don't have the money to move. Anyway, since he hasn't given us anything in writing, when he checks on us to see if we're gone, we'll inform him that he needs to give us notice in writing. That'll give us three more days most likely. Then, when that day passes, we'll tell him he'll have to take us to court, where we'll most likely go to mediation and plead our case to get more time. Whether we get it or not, I'm hoping that will buy us a couple more weeks. Hopefully, we'll be able to rent a place. Any thoughts?

So sorry, all, that I didn't come back and update you. The freeze on foreclosures DID help us, and our sale date was pushed off until late September. We have not heard anything since then, so we are assuming it hasn't sold yet. For now, we're basically living rent free and waiting for the shoe to drop, at which point we'll find an apartment. We have made peace with losing the house--after all, it's lost about $70k in value with the way the market is. We still plan to file for BK, but the lawyer we talked to wanted to charge an arm and a leg. After talking to a good friend who filed hers herself, we've decided to try that. Eventually, we'll get our lives back on track. I ended up taking a job...it doesn't pay much, but it's bringing some money in and I'm still writing. My husband has still not found anything.

No problem on the hijack...I hope someone can help you. I talked to my lender yesterday, and the freeze on foreclosures doesn't help me because I already have a sale date...although she said they sometimes voluntarily extend the date. She sent me paperwork to try to do a modification, but with no income I don't know what good it'll do. DH HAS to get a job...and I need to sell more of my work.

Here's a link to one of the news stories: http://cbs5.com/consumer/foreclosure.morat....2.1043671.html

Uh oh, that's not what I wanted to hear! Thanks for the info...sigh.

Thank you! I just saw on the news that CA put a 90-day moratorium on foreclosures! I'm going to call the lender on Monday to see what that means for us, but it looks like we have another three months to get our act together.

*big, deep breaths* Ok, thank you for the advice...I think that's what we'll do. DH called a lawyer who goes to our church and left him a message, so we'll get that ball rolling on Monday. Just for informational purposes, because THIS IS NOT GOING TO HAPPEN (she says to convince herself), if we did nothing, what would happen? on July 7th, would someone show up to change the locks and tell us to get out?

I think bankruptcy is in our future no matter what, because we're so far behind on everything. (Here's a lesson, kids!) So...if I talk to a bankruptcy lawyer on Monday (and my lender), I'd be able stop this from happening and at least keep my house while we pay for our transgressions?

My lender is First Franklin. Would Chapter 13 do us any good? what about those lawyers who send us letters saying they can get our loan "corrected" and get us out of foreclosure?

Thank you for your kind response. Our first mortgage has been behind since December and our second since January. We haven't really talked to our lender because we prefer to avoid our problems rather than deal with them. We did talk to them right before we got the notice of default (I think that's what it was called, back in March) and they told us it was too late for a modification or anything; that we just needed to pay up. We do want to keep our home. If he gets a job, we should be fine, income-wise. So, I guess I need to call my lender, huh?

I live in California. My husband and I have made a lot of mistakes in the past year, and now it's all catching up to us and I think we're going to lose our home...I need help sorting it all out. I am seriously at my wit's end, so if you all could be kind and avoid the "you should have..." statements, I would appreciate it. At the end of July last year, we both left our jobs. We were miserable and couldn't imagine continuing there, so we decided to work from home as freelance writers. We cashed out our retirement plans to help us get by while we built up our business. I had been working in this capacity on a part-time basis for almost a year. Anyway, business didn't pick up as much as we thought it would and we didn't chase after it as much as we should have. we spent several months living off our retirement funds, but they dried up in December and we were barely making enough to eat and pay some of the bills...not the mortgage. We have a ridiculously high payment, what with the 80/20 loan. It's an ARM, fixed for 5 years, and we're at the end of year two. We got the notice in March giving us 3 months before we went into foreclosure. A good friend trained me on doing some web work and gave me a job, but we've been held up by slow clients and I haven't earned enough doing that to pay off what we're behind on, but I'll get SOME of it some time soon. I have two horses I've been trying to sell, but the market is weak and I'm having no luck there yet. My husband has been looking for a job, but no luck. My income is enough that if he had a job, we'd be OK, but he isn't pulling in very much. So anyway, three months is up and we got a notice of trustee sale today, and it says they will sell our home on July 7th. With no jobs, I can't imagine we'll be able to rent anything. If the horses sell and the web clients pay up, we're saved, but I'm losing hope. Do we have ANY options?? I'm in tears here...please be gentle. I don't even know where to start reading.

Thanks, but I think we are upside down.

US Bank doesn't use chexsystems, I believe. When I worked for Great Western years and years ago, we were very strict about it...if you were on chex, we wouldn't open an account. However, that was 10 years ago so maybe it's different now?

When we bought our car 2.5 years ago, our scores were in the toilet. We got 16.75% on our loan, which we were happy about because the previous car was over 20%! Last night I went on lendingtree.com and this morning have three offers. CrapOne (8.95%), Wachovia (12.05%), and RoadLoans (12.43%). The sad part is, CrapOne apparently charges a lot of fees (haven't seen package yet), because despite the huge drop in interest rate, the payment was going to be almost the same! However, we can lower it by about $50/month by extending it 8 months. I think we'll do that, because we're trying to lower our monthly bills now that we own a house!

RMS and NCO are the same company?