Just had enough time between working a 12-hour shift at the doctor’s office and getting ready for bed.
I’m upside down on my mortgage due to a fraudulent mortgage. There’s nothing I can do because the broker, and the mortgage company are bankrupt.  
I’m paying the company that bought my mortgage about 90% of my paycheck to keep a roof over my little boy’s head.  I still love life though!

Just had enough time between working a 12-hour shift at the doctor’s office and getting ready for bed.

I’m upside down on my mortgage due to a fraudulent mortgage. There’s nothing I can do because the broker, and the mortgage company are bankrupt. 

I’m paying the company that bought my mortgage about 90% of my paycheck to keep a roof over my little boy’s head.  I still love life though!

I want to keep my house, want to pay my mortgage, but I need a re-negotiation on the loan.  Simple.  I already sold the car, moved a second family in to help with the payments, applied for a loan modification.  I'm working, staying cheerful, and looking for a smart move by the banks.

I want to keep my house, want to pay my mortgage, but I need a re-negotiation on the loan.  Simple.  I already sold the car, moved a second family in to help with the payments, applied for a loan modification.  I'm working, staying cheerful, and looking for a smart move by the banks.

My name is Eulette Arrington, 89 years old. My husband Chat is 90 years old. We have lived in a small 1000sq ft home for close to twenty years in Massillon Ohio. We have never missed a payment on this property in the twenty years we have lived here.
We have attempted to improve the property while living here. However, I cannot say the same for JP Morgan Bank. 
In March of 2005, we attempted to refinance our loan because of the high interest rate. I was very happy when someone at the local Chase Bank said we could refinance, where I was and continue to bank. I should have known when the person was from out of state and when they showed up late at night, but he reassured us that this refinance was a good deal.
After a year or so I noticed that the principal was not going down. I asked my daughter to check and see why the loan appears to be going down so slow.  She began to look into the matter and said, to my surprise, that she discovered we had a conventional 30/15 balloon interest-only loan, and that in a few years the whole note would come due. 
Yes, we are still alive; I believe they were hoping we would be dead. 
We first attempted to get our loan modification but were turned down, my daughter also spoke with someone at our local Chase bank and was told that they did not know who held our note and could not help us, because our house would be not appraised at what we owe. 
It appears we owe more on our house than what its valued at. We asked if my husband could use his VA, he served time in World War II, veteran, and had assumed that we used it when purchasing this home. Chase seems to have issues with using VA too, and was told we could not and would need to bring money to the table.
We have a problem, and I would like to get this matter settled. We are not asking for any handouts but would like to get a lower fixed rate, so we could continue to stay in our home. This is truly a subprime loan.    

My name is Eulette Arrington, 89 years old. My husband Chat is 90 years old. We have lived in a small 1000sq ft home for close to twenty years in Massillon Ohio. We have never missed a payment on this property in the twenty years we have lived here.

We have attempted to improve the property while living here. However, I cannot say the same for JP Morgan Bank. 

In March of 2005, we attempted to refinance our loan because of the high interest rate. I was very happy when someone at the local Chase Bank said we could refinance, where I was and continue to bank. I should have known when the person was from out of state and when they showed up late at night, but he reassured us that this refinance was a good deal.

After a year or so I noticed that the principal was not going down. I asked my daughter to check and see why the loan appears to be going down so slow.  She began to look into the matter and said, to my surprise, that she discovered we had a conventional 30/15 balloon interest-only loan, and that in a few years the whole note would come due. 

Yes, we are still alive; I believe they were hoping we would be dead. 

We first attempted to get our loan modification but were turned down, my daughter also spoke with someone at our local Chase bank and was told that they did not know who held our note and could not help us, because our house would be not appraised at what we owe. 

It appears we owe more on our house than what its valued at. We asked if my husband could use his VA, he served time in World War II, veteran, and had assumed that we used it when purchasing this home. Chase seems to have issues with using VA too, and was told we could not and would need to bring money to the table.

We have a problem, and I would like to get this matter settled. We are not asking for any handouts but would like to get a lower fixed rate, so we could continue to stay in our home. This is truly a subprime loan.    

We have four children and another on the way. We are over 180k under water.
THIS WAS NOT AN INVESTMENT or a “FLIP.” We simply needed a place to live. I placed my life savings on the down payment only to have it washed away and then some. Dealing with an autistic daughter, much of my income goes to therapy that insurance does not cover. Due to the downturn I can no longer afford to pay for both therapy and mortgage.
We, as a family are at the end of the rope and holding on for dear life. Best wishes to all.

We have four children and another on the way. We are over 180k under water.

THIS WAS NOT AN INVESTMENT or a “FLIP.” We simply needed a place to live. I placed my life savings on the down payment only to have it washed away and then some. Dealing with an autistic daughter, much of my income goes to therapy that insurance does not cover. Due to the downturn I can no longer afford to pay for both therapy and mortgage.

We, as a family are at the end of the rope and holding on for dear life. Best wishes to all.

I live in Long Island, NY. I’m disabled and have been trying to save my home from a subprime loan. Bank of America refuses to even talk to me!
My house is way underwater and since the housing crash, my home has dropped in value by at least $200,000.00. My taxes have done nothing but gone up. I am behind in my mortgage by $70,000.00 on top of the late fees they want to tack onto my loan. I have been asking the bank to modify my loan since Sept 2009 and still NO HELP!
They have given me the run-around and made me sicker than I already am as a disabled person from STRESS.
At the closing of my loan they knew I was living on a fixed income and i was told, “Don’t worry, we will get you your home!”
After renting out several rooms to keep up with the extremly large 80/20 split balloon mortgage, things became unbearable to keep up with and my dreams have been destroyed and faith is broken! I don’t know where to turn.

I live in Long Island, NY. I’m disabled and have been trying to save my home from a subprime loan. Bank of America refuses to even talk to me!

My house is way underwater and since the housing crash, my home has dropped in value by at least $200,000.00. My taxes have done nothing but gone up. I am behind in my mortgage by $70,000.00 on top of the late fees they want to tack onto my loan. I have been asking the bank to modify my loan since Sept 2009 and still NO HELP!

They have given me the run-around and made me sicker than I already am as a disabled person from STRESS.

At the closing of my loan they knew I was living on a fixed income and i was told, “Don’t worry, we will get you your home!”

After renting out several rooms to keep up with the extremly large 80/20 split balloon mortgage, things became unbearable to keep up with and my dreams have been destroyed and faith is broken! I don’t know where to turn.

I’m one of those people who are underwater. My home value went from $525,000 to $220,000. Even with a large down payment, I’m sunk. Banks unwilling to do anything about it.  
I keep making those payments because its the right thing to do.  Wish the banks would do the right thing.

I’m one of those people who are underwater. My home value went from $525,000 to $220,000. Even with a large down payment, I’m sunk. Banks unwilling to do anything about it.  

I keep making those payments because its the right thing to do.  Wish the banks would do the right thing.

Took two years for loan modification. New mortgage = a whopping $11.77 less than before!!
Thanks for nothing!  More of an insult than anything. Still trying hard to keep up the payments.
I am one of the lucky ones that still have a job. In my neighborhood, there are over 50 homes on the market or going into foreclosure. So nice of the banks to help us out after “we, the people” bailed them out with our tax dollars.   San Antonio, TX

Took two years for loan modification. New mortgage = a whopping $11.77 less than before!!

Thanks for nothing!  More of an insult than anything. Still trying hard to keep up the payments.

I am one of the lucky ones that still have a job. In my neighborhood, there are over 50 homes on the market or going into foreclosure. So nice of the banks to help us out after “we, the people” bailed them out with our tax dollars.   San Antonio, TX

My husband and I worked hard for years, spent frugally, saved our money and waited for the market to fall before buying our house in 2008. In 2009, my management job of 13 years was eliminated and I have been job searching for over three years. Unemployment ran out over a year ago. Fortunately, my husband still had a good job and we were able to keep making the mortgage payment. We are both 58 and wanted to pay off the house before we retired, so until just recently, we were paying extra on the principal each month. Last year my husband lost his job. Between his unemployment insurance and a part-time job, we have been able to keep making the mortgage payments. We have been using our retirement savings to pay for me to go back to school (hoping to get a degree that will increase my chances of returning to work. We have a house and savings, so we don’t qualify for financial aid, even though we only have about $28,000 of income and pay $1,300 a month for health insurance, which will run out in 2 months.    
We were living the American Dream, but we are watching everything slip through our fingers. We are trying to hold onto our home. We can’t sell it anyway, because it is now worth $150,000 less than when we bought it. We know that if we lose this house and have to start over at our age we will never have another one.   
I feel for all those who have already lost their homes and for those who don’t have homes, have mountains of student loan debts and still can’t find work. I live in fear of what the next few months will bring. The 1% live in another world — they don’t see the 99% who have been ruined or are about to be ruined. The government sides with the banks and the 1%. The American Dream is virtually a thing of the past. We need policy change NOW.

My husband and I worked hard for years, spent frugally, saved our money and waited for the market to fall before buying our house in 2008. In 2009, my management job of 13 years was eliminated and I have been job searching for over three years. Unemployment ran out over a year ago. Fortunately, my husband still had a good job and we were able to keep making the mortgage payment. We are both 58 and wanted to pay off the house before we retired, so until just recently, we were paying extra on the principal each month. Last year my husband lost his job. Between his unemployment insurance and a part-time job, we have been able to keep making the mortgage payments. We have been using our retirement savings to pay for me to go back to school (hoping to get a degree that will increase my chances of returning to work. We have a house and savings, so we don’t qualify for financial aid, even though we only have about $28,000 of income and pay $1,300 a month for health insurance, which will run out in 2 months.    

We were living the American Dream, but we are watching everything slip through our fingers. We are trying to hold onto our home. We can’t sell it anyway, because it is now worth $150,000 less than when we bought it. We know that if we lose this house and have to start over at our age we will never have another one.   

I feel for all those who have already lost their homes and for those who don’t have homes, have mountains of student loan debts and still can’t find work. I live in fear of what the next few months will bring. The 1% live in another world — they don’t see the 99% who have been ruined or are about to be ruined. The government sides with the banks and the 1%. The American Dream is virtually a thing of the past. We need policy change NOW.

My parents can’t afford to pay for our house, we have been living here my entire life and most sixteen year olds aren’t waiting for Bank of America to come steal away their home over an issue that was out of their hands.
We stay strong and we are going to fight to save our home!

My parents can’t afford to pay for our house, we have been living here my entire life and most sixteen year olds aren’t waiting for Bank of America to come steal away their home over an issue that was out of their hands.

We stay strong and we are going to fight to save our home!

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. Can someone help me out?

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. Can someone help me out?