Foreclosure in progress
I am currently 2 months behind on my mortgage for the property in Maine. I have filed for a "deed in lieu" with the bank, but because they want their money, they have started calling me and, so far, they have called me 4 times in 5 days.
I have told my story to them twice, let it go to voice mail twice, and refused to talk to them once, because they expected me to give them my social security number over the phone despite the fact that their number had caller id blocked.
Yet, they keep calling. It is bordering on harrassment already, and this is only the first week. They remind me that they are going to report me to the credit bureau and that my credit will be ruined, and keep telling me that the "deed in lieu" might not be approved.
I don't know what benefit they get from refusing the deed in lieu - either way they will be foreclosing on the property - taking the deed in lieu would get the property into their hands sooner, with less damage by the elements. The house is, after all, shut down now, and the cold could very easily damage things that will lessen the value.
I am fully aware that I am ruined. I will never own property again and any major purchase is going to be a major problem, if it is even possible. I don't need the "experts" or the "professionals" to tell me over, and over again.
My anxiety level is through the roof when they call - I've had to take some of my anti-anxiety pills. I went months without them, even going through all that I've been going through, but they call and I have to take them again - because I start to vibrate with anxiety. Smug, obnoxious, arrogant bastards.
Being poor is terribly undignified!
I have told my story to them twice, let it go to voice mail twice, and refused to talk to them once, because they expected me to give them my social security number over the phone despite the fact that their number had caller id blocked.
Yet, they keep calling. It is bordering on harrassment already, and this is only the first week. They remind me that they are going to report me to the credit bureau and that my credit will be ruined, and keep telling me that the "deed in lieu" might not be approved.
I don't know what benefit they get from refusing the deed in lieu - either way they will be foreclosing on the property - taking the deed in lieu would get the property into their hands sooner, with less damage by the elements. The house is, after all, shut down now, and the cold could very easily damage things that will lessen the value.
I am fully aware that I am ruined. I will never own property again and any major purchase is going to be a major problem, if it is even possible. I don't need the "experts" or the "professionals" to tell me over, and over again.
My anxiety level is through the roof when they call - I've had to take some of my anti-anxiety pills. I went months without them, even going through all that I've been going through, but they call and I have to take them again - because I start to vibrate with anxiety. Smug, obnoxious, arrogant bastards.
Being poor is terribly undignified!
Replies
Not being able to buy or own property was the best thing that ever happened to me. I don\'t miss being a home owner at all.
I can go on vacations or leave whenever I want and let the landlord worry about things like the roof, the plumbing, and taxes.
I lost my home nearly five years ago and my credit is back to being \"OK\" - not great, but OK... I got two credit cards with low interest and make my payments on time every time.
I never had a problem with the mortgage company. I forget where I read it or maybe even saw a documentary about it on TV but it worked for me.
I wrote the mortgage company a letter and in it I said I was \"walking away\" from the property and home (add address). And that was it. It was with those two words - walking away - that they left me alone.
I was sent legal documents and things for court proceedings but never had any problems from the mortgage company.
Within two years the house was sold - with the tax laws I had to pay the difference in the value of the house and for what it sold for but I was quite happy with the end result.
Everything does come back... I\'m sop glad I \"walked away\" from that house...
Thanks - I feel that I will be ok with never owning a home again, but I will not be able to pay the mortgage company the difference, as I am on social security and will be for the rest of my life - I don\'t even get enough to support myself as it is, and I just can\'t fix it. They should be able to get what I owe for the property, but those things don\'t seem to work out that way.