Some things do not make any sense. Like this one.
I was talking to the bank about my mortgage. Since I have been unemployed I have not been able to make payments due to medical insurance costs. Now due to my medical conditions I can not go with out insurance as I could be in the hospital tomorrow or at any time. Just the savings on prescriptions alone makes it mandatory that I have it.
Well part of the stimulus package was a health care tax care (HCTC) program that pays 80% of a qualified participants COBRA health care insurance. I qualified so now I will be able to make a partial payment so I called to talk to a mortgage specialist at the bank to see what could be done.
First of all I got the feeling that this so called specialist was doing nothing other than reading from a script and that their only job was to try anything possible to get money out of me. The lady was not nice at all and even tried to humiliate me. One of her solutions was to borrow the money from someone else to catch the back payments up. Now how smart is that add to the vultures?
After a while I guess she got tired of talking to me and offered to connect me to the foreclosure department. So I asked if that was how they helped a person to rework their mortgage. She said that as far as she could see that was the only solution.
Ok I said but would it not be better to get some money until things changed for me rather than let the house sit empty because they all ready had 4 houses foreclosed on in this area did they really want another. And even if they did sell it they would not even get close to the amount owed.
Now here is the good part. She said oh do not worry we will get our money. Really I said I do believe that it is against the law in my state for you to do that. Her reply was I see you have done your home work.
She then said if I paid my mortgage current then maybe they could do something for us. But she needed to know right now. Sorry but I need to know for sure before I can do that I repiled. Her response was what are you going to do put your family out on the street? No I replied but for what was needed to catch up my mortgage I could rent a house for a year.
So about this time she did start getting nicer but told me that she had no choice but to send it to the next step. Fine I said do what you need to do just stop calling. So the next step showed up in the form of a certified letter stateing what I already knew. We are behind on our payments.
So now we will wait and see what happens next. Have done some reaseach and we probably have around 4 to 5 months before they can officially kick us out.
I have been checking into the produce the note thing that I have heard about of the news and internet. The more I have reseached it the more I do believe that this is a nessisary thing to follow up on as if they have sold the note to another bank they then can come after you for the note and even though bank 1 has foreclosed on your house you are still liable to bank 2 because they have the note.
Now I have not wrote this for anyones sympathy but more of a documentary of what you could expect if it happens to you.
It is what it is
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