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LKG9999's Photo LKG9999 Posts: 1,476
6/3/09 8:08 P

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Maggie,

The Boston Globe just ran an article about this (nonprofits helping foreclosed property owners in MA), here's the link: www.boston.com/business/articles/200
9/
05/11/still_there_foreclosed_no_longR>er/?page=2
. The agency in the article is based in Boston, but again, if they can't help directly maybe they can direct you to one in central MA that can.

Hang in there! I can understand how stressful and upsetting this is for you.

Lisa

Lisa
Highest weight: 230
Current weight: 169.2
Target Weight: 155

"Be more stubborn than the scale." - Vivian Bedoya (BEMORESTUBBORN)

"There are many ways of going forward, but only one way of standing still."
-Franklin D. Roosevelt


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MAGGIESMOM2008's Photo MAGGIESMOM2008 Posts: 184
6/3/09 7:48 P

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I am from Central Massachusetts. I've been trying to do research on this stuff but haven't had a lot of luck. I'm afraid that by the time I find any help it's going to be too late. I'm so scared...all I can do is cry and eat emoticon . I've had several people tell me to "give up the pets" and I looked them straight in the eyes, asked them if they had children and if they would give them up for adoption if they lost their job/house. My pets are my children (my two-legged children are grown and gone) and are more spoiled than my kids ever thought of being. I refuse to give them up; I'll live in a tent first. So I keep plugging away; one day at a time; one baby-step at a time and try not to think about what the future will bring or not bring. I have been looking (without any luck) for a new job but they are pretty scarce in my area. I appreciate you input. Thanks!! Kathy

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LKG9999's Photo LKG9999 Posts: 1,476
6/3/09 7:34 P

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Maggie's Mom,

I found the same response when I went to my lender to modify my mortgage. My mortgage was only going to decrease by $250/month by the time they added in points, refinance costs (yes, they still charge the full amount even though they're getting $500-1000 from the government for each loan they modify), and mortgage insurance (because of decreased property values I now have less than 80% equity in the house, even though I put 20% down). I've been advised to file a complaint with the attorney general's office in my state(MA), but I suspect that the Homeowner Affordability and Stability Act was put together so hastily that what they're doing is unfortunately quite legal. Not what the government had in mind perhaps, but legal nonetheless.

One other option: I have heard about some non-profit groups that are buying houses from the banks and selling them back to the original homeowner. Where are you located? One is Housing & Neighborhood Development Services Inc., or HANDS, in the Newark NJ area. Even if you're not in NJ, maybe they could steer you towards a group near you that might be able to help?

Lisa


Edited by: LKG9999 at: 6/3/2009 (19:36)
Lisa
Highest weight: 230
Current weight: 169.2
Target Weight: 155

"Be more stubborn than the scale." - Vivian Bedoya (BEMORESTUBBORN)

"There are many ways of going forward, but only one way of standing still."
-Franklin D. Roosevelt


 Pounds lost: 16.8 
 
0
7.75
15.5
23.25
31
DDOORN's Photo DDOORN Posts: 23,987
6/3/09 5:51 P

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OMG! What an awful position to be in!

You may want to begin scouting around at your local social services or if you are active in a church start putting your feelers out in that direction.

Increasingly the government seems to be counting on religous organizations to pick up the slack as services run short.

I wouldn't delay...start tracking down your resources!

Don

Co-Team Leader for All Health Pros, Binghamton Area Losers & Laid Off But Staying Strong SparkTeams

Don't die with your music still in you. -- Dr. Wayne Dyer

"We either make ourselves miserable or we make ourselves strong. The amount of work is the same." --- Carlos Castaneda

"You yourself, as much as anybody in the entire universe, deserve your love and affection." --- Buddha

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MAGGIESMOM2008's Photo MAGGIESMOM2008 Posts: 184
6/3/09 4:31 P

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I am losing my job at the end of the month and have already gone to my bank. I could re-finance or they have a loan modification but either one will only drop my mortgage by a couple hundred a month which is just not enough. So, unfortunately, I have to put my house up for sale and HOPE that it sells before the bank takes it. I don't know what kind of window I have between not paying the mortgage and the bank saying you have until XXX day to be out. I'm hoping that it is many months and that it will sell before that happens. Either way, when it sells or when the bank takes it, I have no place to go. How am I going to find an apartment that will take three dogs and a cat when I have no job? I'm so scared, I don't even know what to do next!! emoticon

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DDOORN's Photo DDOORN Posts: 23,987
6/3/09 9:22 A

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From Kim Komando ( www.komando.com )

Help for Homeowners

Homeowners are facing the biggest crisis in years. Home values have fallen drastically. At the same time, mortgages are being adjusted upward.

More and more homeowners are struggling to make their payments. So, wise homeowners are seeking help.

But you may run into a wall with your mortgage lender. You may not be able to refinance if your home's value has declined.

There is a possible solution. The government has set up a program to help homeowners. You may be able to refinance your house. Or, you may be able to modify your loan terms.

www.makinghomeaffordable.gov/

Co-Team Leader for All Health Pros, Binghamton Area Losers & Laid Off But Staying Strong SparkTeams

Don't die with your music still in you. -- Dr. Wayne Dyer

"We either make ourselves miserable or we make ourselves strong. The amount of work is the same." --- Carlos Castaneda

"You yourself, as much as anybody in the entire universe, deserve your love and affection." --- Buddha

rules4humans.com


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