Wednesday, June 2, 2010

SCREWED

The verdict is in.....  I'M SCREWED.  My husband and I just received the final (we were turned down three times) denial from the mortgage company today.   It seems that the millionaire investors who own our mortgage do not feel that we deserve a modification.  They determined (as they sit in their multi-million dollar homes) that our situation does not qualify as a financial hardship.  How they reached that conclusion I will never know.  We do not have any money in the bank, have no room in the budget for necessities such as clothes, are gaining weight because pasta is the cheapest thing to eat, drive a car with 135,000 miles on it and, have a living room floor that is rotting but have no money to fix it (we put a table over the really bad section so that the kids don't fall through) . What family's income these investors were investigating I will never know because it sure wasn't mine!

We can't afford to send our son to camp and can't afford to pay the babysitter extra to watch him for the summer.  We already pay $800 per month for the babysitter to watch our two year old daughter while my husband and I work like dogs. What do these investors suggest I do with my son?  I know, he can go swimming at one of their mansions or vacation on one of their yachts.  Do these people have any clue how "real" people live?  The hardships we face? The struggle we go through each day just to provide our families with the basics?

What the future holds for us I don't know.  At this point I am very discouraged.  My positive thinking attitude has taken a nosedive.  I have been contemplating taking anti-depressants just to get me through this.  When are things going to start going our way?

Oh wait....my husband just got a THIRD job.  Maybe we can afford the sitter now.

15 comments:

Alex said...

I just noticed the text in your header and have to say I am inspired by your reason for blogging.

And keep your chin up through this annoying tug-of-war that life deals us! Just remember that you absolutely will get through it, and the time will come for your HUGE karmic refund.

Brooklyn Book Lover said...

Hi Alex - Thank you for the words of encouragement. I am trying my best to remain optimistic. All the struggle is just so tiring sometimes.

Hollie said...

this made me sad. I hope everything ends up working out for the best. Sometimes a door has to close for another one to open.

Brooklyn Book Lover said...

Thank you for your kind words Hollie. I guess this is the universes way of telling me it is time to move on. Maybe I have been fighting too hard to hold onto something that I am not meant to hold onto.

Melissa Blake said...

Hi, thanks for visiting my blog! So glad I found yours! xoxo

Chrissy said...

A friend in a similar situation who lives in Florida said another friend got a modification by just not paying their monthly... the lender eventually gave them a modification loan... my friend in florida is doing the same... at first she and hubby applied and got the run around now they are sitting back and waiting to get theirs.... it makes perfect sense doesn't it?

Mrs4444 said...

Your situation, sadly, seems like a common one these days. It would be nice if bankers thought about the people behind the mortgages.

Thanks for stopping by to link up to my FF post. In the future, I'd appreciate it if you'd actually read the post before linking. Thanks.

Brooklyn Book Lover said...

Mrs4444 - I am not sure what you mean by the last part of your comment. Since I am new to the blogger community I assume that I must have offended you in some way. If that is the case then I apologize. I am still learning blogger etiquette and welcome any comments that will help me be a better blogger friend.

Brooklyn Book Lover said...

Chrissy - Thank you for the suggestion. Unfortunately, I am too afraid to stop paying the mortgage. In fact, that has hurt me believe it or not. The first time they turned me down was because I was not 60 days behind on payments. I told them my husband and I are killing ourselves working multiple jobs so we DON'T fall behind and we are being penalized for that? Who would have thought that being an honest, hardworking person would be a bad thing?

Lizzie said...

I am so sorry for what you are going through, our modification had been in the works for almost 2 years. During which time they have lost our paperwork twice, restarted it twice and sent out crackhead letters like, "thank you for withdrawing your application" and "you don't qualify". But when we call, they say everything looks good! IN the meantime we are still being reported as delinquent to the credit reporting companies. Try again, don't give up. And hang in there!!

mbkatc230 said...

I'm so sorry that you are going through this. It's seems unbelievable that you are being penalized for trying to be responsible and make your payments! DH lost his job of 27 years a couple of months ago and it has been a real struggle. Thankfully, our daughter was in her last semester of college, but losing the health insurance scares the crap out of me. I hope things get better for you soon and that these people see reason! Kathy

Brooklyn Book Lover said...

Lizzie - I know what you mean about crackhead letters. My mortgage company actually told me that if my husband and I made more money they could give us a better loan. I told THEM that if my huband and I made more money WE WOULDN'T NEED A BETTER LOAN!!! We would be able to afford the one we already had!! And yes, they lost our paperwork several times too. I will keep my finger crossed that you receive some good news about your modification. I am sending good thoughts your way. :-)

Brooklyn Book Lover said...

mbkatc230 - I am so sorry about the loss of your husband's job. I don't know where you are, but in NY there is insurance called Health Plus. I was on it almost a year a few years ago when my husband had lost his job. It is either free or low cost depending on the houshold income. If you are not in NY maybe your state has something similiar available. I will be saying a prayer for you and your family.

Green Monkey said...

intense, never ending worry - trying to make things right - stretching, scrimping and still STILL trying to remain optimistic. your spirit is strong - this is hard stuff. keep writing and do what you need to do to pull yourself through. its hard because your little ones are witness. remember, what they need most is you. be good to yourself. I'm inspired by you!

Brooklyn Book Lover said...

Inspired by me? Green Monkey, I am inspired by YOU! I have learned from following your blog that you are a strong, honest and caring person. You are going through your own grief and still manage to reach out to others to give them words of encouragement and help them through their difficult times. You are the inspiration. Thank you.