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Foreclosure Help-- PLEASE
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I am new to this particular site. I need advise. I'm just looking for another perspective from someone who has gone thru foreclosures.
Briefly to describe what is happening. I was divorced June 2010. In that time the agreement stated that we were to sell our house. In the meantime i would soley pay the mortgage "to the best of my ability" then once sold we split profit or loss. Problem is i screwed myself. I've been paying the mortgage since Feb of 2009. That is not what i am needing help with. My ex is refusing to do anything to assist with any loan modification or any type of assistance with the mortgage company that would require him to release his financial information. SO that being said I am now 4 months behind because the mortgage company did not disclose that they were setting up an escrow account and have screwed up my property taxes. As of today i went from being 2 months behind on Friday to 4 months behind as of today. They haven't posted my recent payment and i cant' send the tax money until friday. They advised that if they don't note my calls i could recieve foreclosure letter as soon as Monday. That being said. What do i do? My ex doesn't care. I was on time from Feb 2009 thru to Dec 2011. I've been calling and working with the mortgage company very closely but now it may be too late. What are my options. ? will i need to move out quickly. Some people tell me once the foreclosure starts not to pay and to stay there and save until they tell me to move. The mortgage company said that if i foreclose they have 20 years to come after us for the difference. Which scares the crap out of me. I'm the secondary on the note and my ex is the primary. But because i'm payuing and living there , i was told they will come after me first. I've tried to talk to my lawyer who just keeps telling me to wait. Not advising me what could happen. I'm not sure he even knows. Should i move out now or after the papers start, should i stay until i am told to leave, and if i cant' find a place before they give me an eviction letter will they be able to liquidate my furniture? I am at my wits end and just don't know what to do. Does anyone on this forum have any ideas or thoughts for me? I'm a single mother , with also the possiblity of a job loss as well. I have an 100lb 10 yr old yellow lab and 8 yr old little girl. Its going to be hard to find a place in a short time that will take all of us. I'm willing to take thoughts from anyone that has recently gone thru this. And if anyone has dealt with Chase Mortgage that would be even more helpful. ANY THOUGHTS FROM ANYONE PLEAE>>>> THank you Posted on 06/04/12, 02:15 pm |
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Hi Nooch I haven;t been thru this and never want to but my suggestion is to begin search for new places to move with the dog....I had to leave a home after 11yrs there renting but have two big dogs myself...I looked on CL and then I even paid a place like $89 to help me find a place to allow the dogs and fenced yard and for affordable price...guess what? the first place I looked at from CL was it and it also turned out the landlord is wonderful man who lives next door to an old old friend of mine for 30yrs now....so he is just super when it comes to me because people came and went from this house over time and I told him I had rented 11yrs in same place and would not consider moving again unless some real reason happened....and I have been here almost 2yrs now...I think it may be the steady rental for me that he likes but he is also hands off landlord....never comes by nothing...and has a brother in law who is maintenance if stuff breaks...
so the point is with the dogs I was really worried and it worked out...I had 60 days to get out...I managed by skin of my teeth because of my junk situation in old house...but for you the dog is hard to give a good place to rent from someone...so start looking now...keep staying where you are until you A either find a neat rental that allows dog and has kid space too...B they tell you get out and you have to go either to a hotel or whatever.... just my thoughts... good luck anyone with knowledge might offer more help specific to foreclosures.... hugs bill 
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My mom was foreclosed on years ago.. fromwhat I remember it took a year total before we actually had to move out.
Start looking for a place ASAP, but don't leave until you have something else lined up. It might help your credit, ect. to file for bankruptcy. Try calling legal aid for advice.. Good Luck & stay strong!
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Hi Nooch, I am in California and just missed my first house payment in July - I way layed off after 30 years about 1.5 years ago *thought it might be nice kinda looked at it as early retirement - and I do enjoy not stressing out over my job (which I disliked) but I had to come to realization that I can NOT afford this house payment period....I have a dog and a cat and luckily I have a few options as to where to go - decided to move up to the gold country in california into my fiancees cabin - I am scared to death - I have never dealt with this before but I know I will make it. As far as the foreclosure process, I will share what I do know - UNTIL you get an NOD (notice of deficiency) from the bank you are NOT actually in foreclosure - once you get the NOD - you have 3 months to get caught up on your payments and if you don't then normally the bank CAN send you a notice of sale (NOS) - in California my attorney said this may take up to a year - I just want this over with so I can move on. If you can qualify for a mod and want to keep your house, do it and negotiate with the bank. Also there is a good website called loansafe.org which details the foreclosure process and has ways to avoid it. Good Luck and I will keep you posted on my progress through this challenging facet. Also you will find a place that takes dogs - and should the bank elect to foreclose you will have notice - at least 90 days before the sale date in most states.
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you should stay in your home and not pay anything if you are in forclosure, but start looking for a place to accept you dog, it is very hard to get a place for pets....esp a big dog....
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suze orman, a financial personn, says if they are going to forclose, do not pay your morgage, instead put that money aside for getting an apartment....if they are gong to throw you out then do not pay anything.
meyers
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I live in the UK so I suppose our laws are different to those in the USA.
I would suggest, Nooch, that you stay where you are, put your mortgage money into a separate bank account if you can afford it and as already suggested start hunting for somewhere else to live. I would definitely not move out, as I said it is probably different here, but my sister made the mistake of moving out of the house for which she was paying. Her slob of a husband hadn't worked for 18 years, I am not being biased, honestly. My sister had worked all their married life, paying all the utilities and other bills. Three years on, she is still paying the mortgage, has her own nice little place and facing court proceedings as HE says he has contributed half. Please, stay put. Good luck.
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