Wednesday, May 5, 2010

New Mail

Today, I receive a horrible bit of mail. I received a notice from the mortgage company that I was declined for 5 different modification programs! Yes, I panicked. I should have thought before I called them. When I called, they told me flat out "So ma'am but you were declined for the MHA, the HAMP, two others (they named) and the in-house Chase Modification Program. I asked what were my options at this point. She said I'd have to come up with all the late payments including attorney fees or the houise would be up for sale on June 1st!

I put my emotions on hold for as long as I could before getting in touch with the agency rep that did my modification. As soon as I heard his voice, I had to take quite a few breaths because I wanted to cry!

After he listened to me panic, he explained the process to me and that their company was there to be the middle person for me. He said there are some possible options that they will take it from here. In the meantime, I am still feeling a tad paniced. It's like I won't know until it's "over". I'd like to know what it is. If I have to move, then let it be that. If they are going to let me keep it, then let set up my loan as such and let me move on with my life.

I must admit, part of me was quite relieved because I am to the point of not trusting the mortgage companies or the banks anymore. I would rent and let a landlord worry about the mortgage. It would be a headache to move and get everything squared away along with the day care, but it would be worth it in the long run.

Like I said, either let me stay here or take the house. Grrrr!