Before anything else, screw you and ESAD.
Nice ignorant statements you make there, especially the recommendation to go be a DUmmie. Unlike you, I don’t think someone who knows he has been screwed over is whining.
FYI, not that you care, we did EVERYTHING by the book, including putting a down payment. When we saw that we had lost value on the house, in addition to losing a sizable part of my income (pay cut plus loss of overtime pay,) we decided to ask ahead of time, rather than wait until the end, hoping the situation would become better with my company. When we asked the bank, proactively, for a way to save the house, they did not tell us that they had options available for us. All they did was say “sure, we’ll lower your payment by x percent while we work with you,” only to take 6 months “reviewing” our situation, then dropping a nice little bomb on us.
Not only did they refuse to work with us, but then they screwed up our credit rating, even though we never missed any payments. In your ignorant view, I should have gone on welfare in order to save the house, right?
Given the crap sandwich Wells Fargo has offered me, I will gladly turn it down and let them shove the house where the sun doesn’t shine...it can’t hurt me any more than I am already hurting.
So, again, ESAD, ok?
JRios1968,
Save your energy! Some people will not learn. If you sincerely attempt to “work” with “them” - “they” are sizing up your assets. They want that too. IF you are given a loan modification...it will be temporary...and will last until you have no money.
When you take away a man’s money then take away his home because he has no money...he will be an angry man.
http://www.foreclosurehamlet.org
Ah. That's the answer to my question. Pretty rotten.