It’s too late for us. We lost our home in 2007. The mortgage investment company (to which our mortgage was sold) would not work with us after I lost my job. We have been living like second-class citizens ever since. We are not lazy or druggies or any other foreclosure stereotype. We are hard-working people who should not have to live like this. The American Dream has been plundered by bankers and large corporations, but especially by the corrupt politicians that allowed it all to happen. I’m still working, still trying to get ahead … but how? When you’ve lost everything, and the deck is so stacked against the average person … how do you ever get ahead again?
I’m a retiree and I have been paying my mortgage on time. I’m underwater and pay a rate of 7.25%. I have tried to refinance thru my mortgage company with negative results.
Their excuse? I make too much money even though I live on a fixed income.
Please don’t let my son and I just be another number for Chase Bank to chalk up as another foreclosure. We desperately need your help and the clock is ticking since they have already filed for a default so they can sell our house without ever proving that they have the right or the proper documentation for follow through with these actions. Please, with your help we can beat JP Morgan Chase and keep our home for Taylor to raise his family in, just like the American dream promised us all. So far none of them have lived up to the lies they have told us for the last 30 years and it’s got to stop!!
Peter & Taylor
This is me - April 2006 - in front of my new house - construction completed and purchased Jan. 31, 2006. Now I’m “underwater” by approx. 50 percent; my market value to basis is approx. 33 percent.
My dad tried to get a Loan Modification and his file was “in processing” for 2 years with Wells Fargo. He’d been in hospital for months.
The stress of the foreclosure shut him down. He was buried the day they auctioned off the house.
We couldn’t even mourn him properly as we rushed to get his personal belongings out. The entire country’s welfare and health cannot implode because of the housing industry people. Is this all America is? Corporations and Lobbyists. Really?
We’re two teachers with children in college trying to hold on. Until Friday, February 24, 2012 Chase would not even talk to us about our underwater mortgage, even though we went into our local office 3 times. We were told we did not qualify for any type of assistance. But on Friday Chase in San Jose finally accepted our application for a loan modification. No response yet. Chase bought our mortgage from Washington Mutual when they failed.
This was my first home and a new marriage. Lost my job, my husband and $23,000 — which was most of my down payment. Bank did nothing for me except rewrite my mortgage after 2 yrs into it, making me start all over for another 30 yrs and adding a $30,000 balloon payment due in 20 yrs. So much for the American Dream.