I'm mortified about this re:mortgage

[crunchymommy26]

Our mortgage is delinquent. October's check bounced and no one told us, so November's payment was returned because October's payment needed to be made by certified payment, which again, no one told us about so I stupidly just sent them a check making us even LATER.

I just sent out a cashier's check for October, and in two weeks I'll need to send out November's payment, then in another two weeks December's payment.

I got letters in the mail today that our mortgage is in default and if it doesn't get current in 30 days, they will start forclosure proceedings.

I'm just barely pregnant, my husband is away, and I am so stressed out I don't know what to do. My husband doesn't know how serious this all is. He tried to talk to them, but they got frustrated with him and whoever he was talking to hung up on him. He's deaf and I think they thought he was just being an ass when he asked them to continually repeat themselves.

I talked to a collections agent and worked out the every two weeks payments and someone in the office told me that it was ok to send a regular check after the first past due payment, but the letter is suggesting otherwise.

We have no money right now, and barely any oil in the tank. We're going to overdraft this week so that we don't lose our heat.

How did things get this bad?

[FillingMyQuiver]

I couldn't read and not offer a I'm sorry that this is happening, but it sounds like you have it back under control (at least the mortgage payment part). I don't have any advice for you, sorry. I hope things start looking up for you soon, though, I know how hard it can be, especially around the holidays:

[msjd123]

That sounds very stressful!!! Is there something you could sell to pay for oil? Or, would your family or IL's be willing to loan you some money just while you get things sorted out?

[rainbowmoon]

that is really screwy! ETA- I see now, about the bounced check. that is likely why?

and btw I had this happen last year when my mortgage check (cashier's check) got lost in the mortgage company office! argghh. by time I was notified about it, it was 2 months later! they took a personal check when I got the cashier check refunded. (the letter that was sent to me said certified funds too, I just ignored it as I wasn't about to send them another they could lose ) I am not sure why they put that on there?

if you are behind on your payments though, call your mortgage company ASAP. they usually have workout analysts who can help you get back on track. they would rather work with you than forclose!

[phatchristy]

I'm so sorry you are going through this : . Pay off the secured stuff first (mortgage first before credit cards), that's the most important as you don't want to lose your house. Maybe they have some sort of community assistance for your power company/oil company? You need to have the basic necessities.

Are you overextended?

[rainbowmoon]

btw, I also really think this is a scare tactic of sorts. I have never heard of forclosure after just 3 months! especially since you attempted to make the 2nd payment. call them yourself Monday. they will help you I am sure of it. maybe your DH just had trouble communicating like you said?

[crunchymommy26]

Originally Posted by phatchristy

Are you overextended?

Right now, Yes. My husband isn't working as much as he usually does, and he's away in VA. We live in CT. I miss him terribly and things have been tight since he left. Work will be picking up after the new year, so everything will be caught up then.

thanks for the hugs. I needed them. I also just needed somewhere safe to vent, and I feel safe here.

[fuller2]

Please do try to talk to the mortgage company again--and you better do it this time instead of your husband. It's very easy to start jumping to conclusions when you don't know all the facts, and start imagining horrible scenarios! So stop driving yourself crazy and call them first thing Monday morning (unless they're open on weekends...). Make sure they have records of your payments. (Make sure you have all the informtation ready for them too when you call.)

It probably is a scare tactic, but. Talk to them and make sure everyone is on the same page.

[wildmonkeys]

I am sorry you are going through this. I would follow-up with the mortgage company and also see if you can get any emergency heating or food assistance until you get through this.

BJ
Barney, Ben & #3 due 3/3/07

[Staceyy]

There was a similar situation posted on www.getrichslowly.org. The moderator stated things got this way because the person was not checking their bank balance like they should and not opening their mail on time.

[Ruthiegirl]

Hugs to you. I am so sorry you are dealing with this on your own.

Honestly, I would make a stink about your husband being treated so poorly on the phone. If this was me (and I do tend to be confrontational), I would call and first complain about their poor customer service and write a letter to their company president describing the incident.

I don't know too much about disabilty legislation, but there must be some piece of legal paperwork out there that says deaf people have a right to decent customer service. If you know of it, mail them a copy.

Then after they are apogizing, clear up the mortage payments. Be very clear that you are calling to deal with this issue in a timely manner and will do everything you can to get a payment to them asap. They want your loan. They do not want to foreclose on your account. Foreclosures are very expensive for banks. They want to keep you as a customer. And remember, you are giving them a lot of money in interest. They work for you.

And again, I am so sorry you are having to go through this.

[sinsaratea]

hugs to you. we went through a similar situation back in the summer and i was scared to death. my DH had been saying that the mortgage situation was "taken care of". but then i got the forclosure notice. 6000 borrowed from my mom dollars later, we were ok. but i was humiliated and felt really bad about my mom having to help us with that. just wanted to say that you are not alone