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Thread: This makes me heartsick

  1. #26
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    My DD's in-laws are losing their house in Michigan. They have been paying the mortgage for a very long time. Haven't lived in the house for 10 years because there is no work for them there but they were keeping the house for retirement.

    They were late a few times on their mortgage payment and the bank said that since it is not being lived in that it is considered abandoned and they are foreclosing on it. Really really sad.

    Makes me scared. We are struggling because we are paying all the living expenses for my DD and SIL to the tune of $800 a month and we are broke. I couldn't make the house payment on time this month. It was due the 1st and I will pay it on the 29th. The bank has already called me and asked me if it was abandoned. I'm very angry and scared!!! I've never once in 11 years been late on the payment :(

  2. #27
    Power Poster CarrieAnne's Avatar
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    It is scarry. My friend is behind two monthes on hers, and her bank wont work with her. I feel so bad, and she CNAT find a job........

  3. #28
    Super Member feline fanatic's Avatar
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    Quote Originally Posted by CarrieAnne
    It is scarry. My friend is behind two monthes on hers, and her bank wont work with her. I feel so bad, and she CNAT find a job........
    She then needs to find legal aid. I have been reading a lot lately on the foreclosure mess. It is apparent that many banks that are trying to foreclose don't even have a right to because they no longer have "wet ink" paperwork (the original loan documents) due to all the reselling and bundling as securities involved. Also all the unscrupulous loans made. Even if your friend has a legtitimate fixed rate mortgage and was not a victim to a predatory lender if she has gotten new payment books because her bank sold the mortgage there is a good chance the bank trying to foreclose may not have the proper documentation. Too many of us don't know all our options and it is downright scarey how many banks are pursuing foreclosures illegally (via fraudulent and in some cases even forged paperwork). There is a blogger out there who writes extensively on it and all the other financial fraud that has been going on by the TBTF banks like BofA, WF and Citi. The site is http://market-ticker.org/ You should have your friend spend a couple of hours going through Karl's tickers and comment blogs. The amount of posts of just this scenario is staggering.

  4. #29
    Power Poster CarrieAnne's Avatar
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    Thanks, Feline Fanatic. She has the house up for sale, but no one is buying much of anything in Janesville, since the GM palnt left. Most jobs went with it!
    I will tell her to check it out!

  5. #30
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    I've been without a regular job for a very long time now. I've earned graduate degrees and it's hard to find anything in my area more than McDonald's, which won't hire me because of the over-education. If it weren't for my mother, I'd be homeless too... but I feel awful taking money from my mom.

  6. #31
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    Quote Originally Posted by iowabelle
    I've been without a regular job for a very long time now. I've earned graduate degrees and it's hard to find anything in my area more than McDonald's, which won't hire me because of the over-education. If it weren't for my mother, I'd be homeless too... but I feel awful taking money from my mom.
    This is why I help my daughter and her family. If I didn't...who would? When she calls and says I'm out of diapers for Tilly, if I don't go get them for her what would she do? My DH, BFF and everyone else around here are giving me a hard time because I'm helping the kids. How can I not????? I couldn't live with myself if I didn't do something.

    In this state they only qualify for food stamps if he works and she doesn't. Since she is working and he isn't they don't qualify. She is getting wic but that doesn't feed everyone. And it certainly isn't going to pay for her dr. and hospital bills. And she has to have a car to get to her job and get her baby to the dr. So how can I not pay the car payment? Her DH has been trying to find a job for a year and a half. No luck. It is tough out there.

    People make me feel like a bad person for helping my kids. I thought that was what we are supposed to do! Nobody would give me grief if I sent money over to a third world country to help strangers! Strange world we live in. :(

  7. #32
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    Quote Originally Posted by mzsooz
    Quote Originally Posted by iowabelle
    I've been without a regular job for a very long time now. I've earned graduate degrees and it's hard to find anything in my area more than McDonald's, which won't hire me because of the over-education. If it weren't for my mother, I'd be homeless too... but I feel awful taking money from my mom.
    This is why I help my daughter and her family. If I didn't...who would? When she calls and says I'm out of diapers for Tilly, if I don't go get them for her what would she do? My DH, BFF and everyone else around here are giving me a hard time because I'm helping the kids. How can I not????? I couldn't live with myself if I didn't do something.

    In this state they only qualify for food stamps if he works and she doesn't. Since she is working and he isn't they don't qualify. She is getting wic but that doesn't feed everyone. And it certainly isn't going to pay for her dr. and hospital bills. And she has to have a car to get to her job and get her baby to the dr. So how can I not pay the car payment? Her DH has been trying to find a job for a year and a half. No luck. It is tough out there.

    People make me feel like a bad person for helping my kids. I thought that was what we are supposed to do! Nobody would give me grief if I sent money over to a third world country to help strangers! Strange world we live in. :(
    That's messed up

    I'm speechless. How or why, do they think this? I mean she's blood, you sacrifice for blood.

    Virtual hugs to you hun.

  8. #33
    Power Poster CarrieAnne's Avatar
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    Wow, I dont think youre a bad person at all! I have to help DD and her BF, too. Although he gets unemployment, she hasnt been able to find any paying job. She goes to college and does voluteer work. My BF and I help all of our kids, we have 6 between the two of us......any way we can. Things are tough for young people, too!

  9. #34
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    I just worry about my mom's financial well-being, although she lives with my brother and he's in better shape than I am.

    And I worry about what's going to happen to me, when I'm a senior citizen and don't have children. (I'm in my late 40s so it's getting late to think I'll be having children.) I had to spend all my retirement funds.

  10. #35
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    it really upsets me that the American people jumped at the chance to send money to the folks in Haiti and Chili when they had disasters but they won't spend a dime to help the homeless in their own communities

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