About Me

My photo
My husband and I are both 35. We have two small children, ages 5 & 2. We are a military family in the midst of the foreclosure process.

Our Story:

Our family has been facing the idea of foreclsoure for the last year, but it has now come to decison time....

Our brief story......My husband is currently on Active Duty in the Air Force. In June 2006, we were sent (called a PCS in the Air Force) to Las Vegas, NV. At that time, we purchased a house for 455,000. This was well in our means and affordable. Nothing large, 4 bedroom 3 bath. It was next to impossible to even get a house at that time. We put 10% down plus an additional 50,000 to finish the house (it was new construction and needed landscape, window treatments ,etc.). Now, 3 years later, our house is worth 212,000 - we have no choice but to "walk-away" from our dream home.

This past summer we once again moved for the military. This time to Kansas. We knew our future looked dismal. Fortunately, we were able to get renters in our house; however, they were paying less then what we owed our mortage company monthly. These renters have turned out to be bad news. They have been late on payments and are now leaving our house. Now, unable to get renters, plus knowing that we can not afford the additional payment of 3,000./month, we have no choice put to walk-away.

We have tried everything else we know of. Over the past year, we have sent several "hardship letters" to the bank. All of which have been denied. In addition, we even "qualified" for the "loan modification program" from the government. However, after two weeks in the program we were sent a letter stating we were denied for no reason. What a joke that was:)

Tuesday, February 16, 2010

A letter delivered from UPS

I was surprised to get something this soon from Wells Fargo delivered via UPS. When I opened the envelope, it was one piece of paper informing us about available credit counseling. It was signed from the CEO of Wells Fargo. It listed different numbers to call and it also expressed “their concern” about our financial situation. Ironically, at the very bottom of the page, in small print, it stated that each service could cost anywhere from 50-100/hour. UNBELIEVEABLE!!!
These banks are so out-of-touch with the consumer. Anyway to make a dollar, right?? I am sure that the cost of the UPS delivery will be added to our “bill”. We are still awaiting word back from “Christopher” on our DIL offer. We did however have a nice Valentine’s Day Weekend (despite my food poisoning :()
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)