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Just sent in paperwork for THIRD homeowner's mod. now it's up to the big guy upstairs!

Wednesday, July 10, 2013

emoticon I'm GREAT at driving myself crazy over paperwork! First of all I HATE it...but then once I force myself to plow into it..I'm so anal about getting it all done perfectly it's beyond NUTS! emoticon I could literally drive myself right to the padded room attired in that not so comfy white garment that has no arms! emoticon

I've done this over the modification request to OcWen on our 'save our house' fight for the past month or so.

First of all...it's SO CONVOLUTED...you have to be a Harvard grad to understand the darn thing! emoticon They do that on purpose to discourage the faint at heart! The application is 14 pages long...but that's not the half of it...you have to supply PROOF of income on every single item...so you are rooting around for bank statements, compelling complex P&L statements and we have an annuity that took me FOREVER to find the source docs since I put them in a VERY safe place from the last time I had to root them out for the LAST modification I did about a year ago...that place was SO safe...I couldn't even find it!

Then being a practical person...I like to know WHAT they analyze and HOW they analyze it and have some idea of what I'm facing before I fill out the forms.

Turns out..they look at a crazy new formula called Net Present Value...meaning they might modify if they get more on their return with the NPV. Or they might not modify if they get more just foreclosing. They weigh this against what your house is worth today and what it might be worth next year and this is determined by the estimated market value...which can only be given by a Broker Price Option...which means that a broker drives by and ascertains how the outside of the house looks and then compares it to other houses in the neighborhood of similiar square footage and how many are for sale and what they are for sale for...against any that have recently sold and what they sold for.

But wait...after all of that they have what they call the Waterfall method which means that if you qualify for the Hamp program they might do that...nothing says they have to do anything.

Or if you don't qualify for the Hamp program because they have private investors they employ the next waterfall option tier number two. It's called waterfall because they have to exhaust all efforts on each tier before giving ANY kind of break to the lowly homeowner kinda like a waterfall.

More like a Niagara Falls DROP OFF if you ask me! emoticon Talk about swimming against the current.....it's all stacked against us my friends!

We go in blind...we come out blind...we aren't allowed to know what criteria they measure us against and THEY are the criminals here. It's BEYOND disgusting...and this is my last ditch effort to go along with their crazy antics.

This is modification #3...did the other two work...apparently NOT...since we are still fighting the good fight in spite of perfect to the letter payments.

But after all of that straining of my pea brain to make sense of something that is truely senseless...I've done my best now it's in God's hands. emoticon

I've pretty well driven myself crazy...my lawyers crazy and it's just not worth it any more. We have another mediation...this is number 3 too...coming up on July 26th...which will again cost us money and time away from work. It's a joke as far as I'm concerned because the mediators can't weigh in with any opinion...they basically just get paid to let you grace their office space and check a box that says you showed up.

Do I sound dis-enchanted with this whole insane process...well you'd be right about that one!

The only reason I've held on as long as I possibly can is I thought some good decent person on Capital Hill would stand up and say "ENOUGH!"

Hasn't happened almost 5 years into this foreclosure housing crisis debacle...so call me a slow learner! emoticon

At least I can say I did absolutely EVERY THING I possibly could do to save our house and pay for it in the process.

That's more than any slime bucket wall streeter can say before they nod off at night!

I'm glad the packet is in to our lawyers...and I hope they can make something positive happen with it.

Won't you be SO glad when this is resolved one way or another so I won't have to blog/rant...about the insanity of the system....I'll be glad too my buds...I'm even boring me~self about this topic by now. emoticon

It stinks, it's NOT fair...but life goes on! emoticon
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Member Comments About This Blog Post
    Still sending prayers for you- hope THIRD'S time the CHARM for you .. emoticon emoticon
    1777 days ago
    Hang in there, girlfriend! emoticon
    1777 days ago
    Bobbi, I'm hoping your lawyers will have something positive happen for you!!!

    emoticon driving yourself crazy!!!!! emoticon emoticon
    1778 days ago
    It sucks that you are still fighting this! I wish there was something I could do besides send positive thoughts and keeping my fingers crossed. By the time you are done with all of this you could probably be a paralegal!

    I can't understand what the mediator is even for if they don't say anything one way or another. The point of having a mediator is so that they can find common ground between the two parties. Isn't that right??

    This whole thing has just been a joke from day one. Except that you aren't laughing and the joke seems to be on you. I can only imagine how exasperated you must be! I don't know how you've managed to not go insane from all of this!

    As always I'm sending you lots of love and positive thoughts that the good guy (you) will win and not the crooked bank / mortgage company!

    Big, Big emoticon and emoticon
    Your virtual daughter
    1778 days ago
    Wishing you relief!
    1778 days ago
    I'm still hoping and praying that all of your hard work, dedication and countless efforts will pay off and you will win this enormous fight! It is so ridiculous that you or anyone else has to go to these lengths to prove that you are an honest person who just wants to keep their home. Hang in there and keep you chin up!!!!
    1778 days ago
    !!!! emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon
    Love, Chelsea emoticon emoticon emoticon emoticon emoticon emoticon emoticon

    P.S. Just reading it, overwhelmed me. You are truly an amazing lady. God bless you, my friend.
    1778 days ago
  • JUSTME29
    I really hope that this round is successful. It seems weird to me that the mediator doesn't do anything. It seems like by their very job title they should be there to mediate. Otherwise their job title should be "butt sitter". I guess it's all about rules and regulations that I just don't understand, and it must be frustrating to them as well to be unable to do/say anything.

    You've done everything you can every step of the way. You've jumped through every hoop, even the flaming ones, and you will never have to wonder "what if".
    1778 days ago
  • DS9KIE
    emoticon emoticon emoticon
    1778 days ago
    1779 days ago
    Being in a relative state of limbo is not a good place to be -- It so delays the mourning process or celebration process and I probably would have gained all 100 lbs back during this insane process. You're handling it much better than most. At least you should be able to sleep well knowing you truly did your best to help the powers to be make their case. Stay strong, girlfriend! I'm praying for good news to come your way soon! Hug, hug -- Evelyn
    1779 days ago
    Got my fingers and toes crossed for you. (tripping over everything, so you better win) lol emoticon
    1779 days ago
    emoticon Big West Coast Hug to you Bobbi

    1779 days ago
    I'm still praying that this all works out in your favor. Of course, you know I've been following your story and you are not driving us crazy. In fact, you are educating us about the insanity going on without us having any control in the situation. And we all care about you, sister.
    I, too, am very anal at paperwork. It literally makes me crazy. But it is so important to keep a lot of that stuff.
    Still praying - keep the faith!
    emoticon emoticon
    1779 days ago
    Thinking of you and wishing a good solution for you.
    This has been a long ordeal - and I hope you get a satisfactory ending.

    You are right, though -- however it turns out, you have given it your best effort.

    1779 days ago
    I hope it all works out for you. Sounds awful. emoticon
    1779 days ago
    I sure hope it goes your way...you so deserve it after all the fighting you have done.

    Paperwork is the worst......you deserve the loan modification just for plowing through all of that!

    Good luck!!!!
    1779 days ago
    1779 days ago
    I'm praying for a successful outcome for you, you certainly have done your part of hard work! emoticon
    1779 days ago
    Hope you get some good news after all your work. We are in the midst of a short sale so I so know about all the paperwork!! Thankful for lawyers to help too!!
    1779 days ago
    Bobbi -
    Sometimes you just have to believe, and I'm believing for you and with you. Maybe you got the row of ducks in a different order this time? Maybe you'll have a mediator who asks a few good questions to clarify things? Never lose faith that right will out in the end. It may not go as we expected and may take longer than we thought it would, but KARMA is a bitch and it will win in the end.
    emoticon emoticon emoticon
    NEVER GIVE UP! emoticon
    1779 days ago

    Comment edited on: 7/10/2013 7:09:30 PM
    As always, I'm hoping for a good outcome, Bobbi. Big hug.
    1779 days ago
  • SUNNY332
    God loves to provide for his children. Praying for God's will concerning this.

    Hugs, Sunny

    1779 days ago
    1779 days ago
    You never bore me my friend!!!!! I think it is such a crime what you are going through!!!!!!! As you said it is in Gods hands, I am also a firm believer in karma.......I feel alot of bad karma heading some bankers way!!
    1779 days ago
    1779 days ago
    You know, my dear friend, I am praying you win your home and NOT have some slime bucket take it away from you! I gots to ask.......when you originally went into foreclosure, you've been thru this dumb modification stuff before, you've paid even more than your original mortgage payments, etc, etc, etc. How is it that with you constantly paying, can they possibly say you default on your mortgage? Seems like you should be really nearly paid off on that by now! Yes???? Since I don't know what I'm talking about, I'm just asking and maybe getting something to go *ding* in your creative mind! Couldn't you somehow just say ENOUGH!!!! yourself! Keep paying and staying! I know, I'm probably drawing at straws, but.......I just really want this to be over for you, too........AND with you staying right where you are!!!
    Love ya, Bobbi!!! My prayers going up for you and my *keep the house* vibes coming your way!!! (((HUGS)))
    1779 days ago
    You can't give up. As you say its in God's hands now.
    1779 days ago
    emoticon emoticon emoticon emoticon
    1779 days ago
    emoticon I feel your pain as others I know have done this. It is almost like you need to get a paralegal to fill out the paperwork for you and present it on your behalf to the board who takes your houses futures into their hands

    If this was my neighborhood we would be having issues. 18 houses for sale out of 125 and none of us can get a showing . two foreclosures and the one sale that did happen in the last year the guy sold it for a major loss compared to its value

    So now our house is one of the 18 and we are desperate to move and get on with our lives but does not seem like it will happen
    1779 days ago
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