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It's the economy that has caused us go into foreclosure, is there any end in sight?

May 05, 2008

The reason I am looking for help now is I was laid off the end of 2007 due to the economy (I work in the new housing construction market, and everyone knows what has happened to that). The people I was working for felt bad that they had to lay me off, so they asked if I would work part time at a reduced salary until things picked up again. I jumped at the chance. However, this reduced my monthly income to approximately 1/3 of what I was receiving. I have been making half payments on my mortgage since then, that's all I have, but I have been told this will end on the June 1st payment, and foreclosure will begin unless I can again start paying the full payment and make up the amounts I am behind by paying only half payments. I am also the sole support of two family members that are medically unable to work and have no incomes. If I lose my house, we are all out in the street homeless and I don't know what I will do. I was never late on my payments before this recession hit. I have no control over the economy and tried to explain this to the mortgage company (Idaho Housing and Finance) but there is no compassion there. All I want is to be able to make the half payments until things pick up more, at which time I will be put back on full time and at my full salary. I will then have no problem with my payments. I asked if payments could be added to the back of the mortgage, charge me more or whatever needs to be done, I am desperate! I cannot lose my home, I am out looking for work every day. Things will begin to pick up in this area soon now that winter is over, but I just need somebody to have patience and work with me!

This entry was:
Posted By Ann at 03:48 PM
Comments (1) | Categories: Countrywide, Idaho Foreclosure | Tags: countrywide financial idaho
 

Comments

Do yourself a favor...Instead of making 1/2 payments, take that money and put it in the bank. Use it for your next residence. These crooked banks will not work with you. They already got their bailout $$$ so they could care less to help us out. Eventually they will own all the homes too. So they not only got your money already from the government they will also get your home. Sounds like another defunct government plan right? It took Countrywide 12 months to finally put a Sheriff's Sale sigh on my front door. Meanwhile I saved up $25,000 instead of trying to pay them for something I was eventually going to lose anyway. Our Sherriff Sale if on Friday November 13th. (Not supersticious are we?) For now we are still living rent free. Even after house is sold we still have to be evicted so there's at least another free months rent. We also know that if our home doesn't sell, (which it won't) then it's like the Sheriff Sale never happened. We sould then have at least another 6-12 months of free rent. Hey, you gotta play the game. LOL These companies are out to screw us all over. Not me. By the time we are out of here there will be nothing left in this house. I am currently stripping the house of anything of value, including, kitchen cabinets, plumbing fixtures, water heater, furnace, central air, interior door, trim, mouldings, flooring, lighting, ceiling fans, etc.
Posted By Tony Hippensteel on October 12, 2009 at 08:55 AM

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