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Bad news/ need advice, PLEASE

Bad news/ need advice, PLEASE

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  • koala_kaper koala_kaper's Avatar 01-15-10 | 02:13 PM
  • Dh has told me NOTHING about our mortgage, he pays the bills and takes care of EVERYthing. I have seen reciepts from the ATM, but that's all I know about our bank account/money matters.

    So today a man came to the door asking for me and dh. Dh is at work, so I atlked to him and he was asking if he could drop off these papers at work ro when he'd be home, etc. He did give me a copy though. I was reading through this and basically it says I've been served and they want to foreclose on our house bc of lack of payments since August. I hope to GOD I am just reading it wrong or something, but I kinda doubt that.

    There is some kind of court thing that is or needs to be set up. Right now I don't know what to think or what to do or anything. I'm just lost as far as emotions go. I have no idea what we are going to do. Dh doesn't know what'as going on yet. I didn't want to worry him while he's at work (plus he'll get his copy around 3:30 or so, or he can see mine first.) He'll have enough to worry abotu soon enough.

    Seriously though, is there ANYTHING we can do?
  • Dopey406 Dopey406's Avatar 01-15-10 | 02:44 PM
  • Wow. It sounds to me like it's time to have a serious talk with your husband. Clearly something is amiss and I doubt it's on the mortgage company's end.
    From this point on, your money matters should be a JOINT EFFORT--both of you making decisions together.

    If I were you, I'd log onto your bank or mortgage company website NOW and see when the last payment was made. Does DH pay the mortgage by check? If so, that should be in your bank statement (either paper or online). I'd also look around for letters from the mortgage company. You have received SOMETHING from them by now if you're being served with foreclosure papers.

    Once you flesh this out with DH (try not to punch him), read the papers carefully and see what it says to do. Once foreclosure proceedings are begun, it's difficult to stop them. You should probably call the mortgage company and see what kind of plan you can set up with them. If you keep in contact with them, they're A LOT less likely to follow through on the foreclosure. HOWEVER, if you don't do anything almost immediately, you'll be too far into the legal proceedings to reverse it.

    I'm sorry to hear that you're finding your family in this position. You have to act NOW if you want a sliver of hope to save your home.
Thank you Dopey406!
koala_kaper (01-15-10)
  • MrsS1stbaby MrsS1stbaby's Avatar 01-15-10 | 11:14 PM
  • I would definitly call your lender, or look at their website first, then call. (unless of course, you are not listed on the Note or as an authorized 3rd party b/c then they will not talk to you until they have permission from your husband) Find out what you current due date is and if you account is in or has ever been in default or in foreclosure status.

    I worked at a large mortgage copy for about 4 years and there was a few times I heard stuff like this from customers. I always found it odd b/c as Dopey said, if you were behind, you would have received several paper statements showing you were behind, then the collection dept would start calling or the loan modification department to try an offer you a payment plan to get back on track, and finally you would receive letters letting you know they would be starting the foreclosure process. The company I worked for had an outside vendor that handled some of the foreclosure stuff and I think they are the people that would show up at your door. Customers would call & I would look at the system & wouldn't see any collection calls or letters had gone out or anything. I wouls always check with someone in that department & would then have to assure the customer that everything was fine, even though we had no explanation as to why or who showed up at their door. (hated that part!) It might a glitch in the system or it might be even someone doing something illegal, b/c it does happen. But in today's market, most mortgage companies are trying to keep the customers they have & have programs put in place to assist them. (usually modifications)

    If youa re able to call & speak to them before Dh, I would do that so you don't go off on him when it could be the lender's error. And after this, I would ask him to have you be more involved.
Thank you MrsS1stbaby!
koala_kaper (01-16-10)
  • koala_kaper koala_kaper's Avatar 01-16-10 | 12:56 PM
  • Dh and I talked last night and he has been trying to get ahold of someone at the bank (other than a recording
    ) I think we are going to go TO the bank on Monday and demand (in terms nice enough not to get us escorted out by a police officer of course!) to speak to someone in person because this internet/phone call recording business is NOT cutting it.

    As far as I know we haven't gotten any letters saying they are going to start foreclosure proceedings, but I do know we are behind on our payments. Last year at work was better than the year before, but we were behind on other stuff too so I guess in the process of trying to get caught up, the house payments got behind.

    SO dh is looking into getting a loan modification but hasn't been able to get a hold of any actual PEOPLE. He was also trying to fill out a form on the internet, some thing that helps people pay off their mortgage or something. It's a very long form and I will make sure he gets on that tonight.

    Dh is at work right now, I'm going to tell him to accept all the overtime he can get and if he needs a day of rest fine (don't want him getting burnt out), but take as much overtime as possible! The Brewery is already crazy busy (odd for this time of year when a LOT of people are laid off) and they are up to 6-7 days a week of work already. This is VERY good and I hope and pray that we can get caught up and not have our house forclosed on us!
  • Janine Janine's Avatar 01-16-10 | 07:05 PM
  • It still seems really odd that you didn't have any indication before this that it was going to happen. When I was going through my divorce/bankrupcty I lived in my former house without making a payment for over a year before they ever tried to foreclose. I got notices and phone calls nearly every month but held off the actually foreclosure process until after I had already cleared my bankruptcy. The only reason they had to foreclose after wards is that my ex refused to bankrupt with me.