http://legacydaily.com/2009/02/the-house-i-bought/?utm_source=rss&utm_medium=rss&utm_campaign=the-house-i-bought thoughts, lessons, observations, and experiences from a life's journey Wed, 25 Jan 2012 01:55:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://legacydaily.com/2009/02/the-house-i-bought/#comment-368 legacy daily Thu, 12 Feb 2009 20:59:06 +0000 http://legacydaily.com/?p=218#comment-368 Sorry about that. I had to make it clear. Someone in the government must have read my post because half hour ago this rumor appeared "Late Thursday, Reuters reported the Obama administration is working on a program to subsidize mortgage payments for troubled homeowners who have gone through a standardized re-appraisal and affordability test, citing sources familiar with the plan." The market responded with going from -3% to being up marginally. I'm sure smart people realize that "I" will be applying for unemployment and welfare benefits, unless "my" situation improves. Sorry about that. I had to make it clear. Someone in the government must have read my post because half hour ago this rumor appeared “Late Thursday, Reuters reported the Obama administration is working on a program to subsidize mortgage payments for troubled homeowners who have gone through a standardized re-appraisal and affordability test, citing sources familiar with the plan.” The market responded with going from -3% to being up marginally. I’m sure smart people realize that “I” will be applying for unemployment and welfare benefits, unless “my” situation improves.

]]> http://legacydaily.com/2009/02/the-house-i-bought/#comment-367 Elly Thu, 12 Feb 2009 20:08:35 +0000 http://legacydaily.com/?p=218#comment-367 Ay txa, vaxatsretsir!!!!! BA TENTS BAN EN ANUM??? Ay txa, vaxatsretsir!!!!! BA TENTS BAN EN ANUM???

]]> http://legacydaily.com/2009/02/the-house-i-bought/#comment-363 Sam Thu, 12 Feb 2009 16:42:53 +0000 http://legacydaily.com/?p=218#comment-363 Well I am relieved to hear that this is not your situation. Well I am relieved to hear that this is not your situation.

]]> http://legacydaily.com/2009/02/the-house-i-bought/#comment-361 legacy daily Thu, 12 Feb 2009 16:16:54 +0000 http://legacydaily.com/?p=218#comment-361 Sam - thank you very much for your comment. I started writing this in third person, then switched to second person, then settled on first person because I could not come up with a better way to convey what some people are going through in this country. As long as individual families do not feel it is advantageous for them to keep their houses, as long as their incomes are under attack of possible job losses, as long as their debt service is chocking them, as long as the foreclosure process is the easy way out, we have resolved little. The question is "where does the path of least resistance lead them?" I am very conservative but feel that even we as a family are very exposed because of forces completely outside our control. While the post above is not about our own situation (yet), how far are we really from finding ourselves in similar shoes? Sam – thank you very much for your comment. I started writing this in third person, then switched to second person, then settled on first person because I could not come up with a better way to convey what some people are going through in this country. As long as individual families do not feel it is advantageous for them to keep their houses, as long as their incomes are under attack of possible job losses, as long as their debt service is chocking them, as long as the foreclosure process is the easy way out, we have resolved little. The question is “where does the path of least resistance lead them?” I am very conservative but feel that even we as a family are very exposed because of forces completely outside our control. While the post above is not about our own situation (yet), how far are we really from finding ourselves in similar shoes?

]]> http://legacydaily.com/2009/02/the-house-i-bought/#comment-359 Sam Thu, 12 Feb 2009 15:02:31 +0000 http://legacydaily.com/?p=218#comment-359 I am really sorry to hear this. Some of the office in which I work is home to a loss mitigation company. From what I understand the banks wont work with people on their mortgage unless they are more than two months behind and even then it can be like pulling teeth. I have heard stories about people who stop paying their mortgage and in some cases live in their house for up to two years, rent free basically. Maybe try to contact a loss mitigation company. I am not sure what state you live in but I know ther are some states in which loss mitigation companies are not allowed to operate. I am really sorry to hear this. Some of the office in which I work is home to a loss mitigation company. From what I understand the banks wont work with people on their mortgage unless they are more than two months behind and even then it can be like pulling teeth. I have heard stories about people who stop paying their mortgage and in some cases live in their house for up to two years, rent free basically. Maybe try to contact a loss mitigation company. I am not sure what state you live in but I know ther are some states in which loss mitigation companies are not allowed to operate.

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