Hey there, TB from PA bringing you a new update regarding our situation.
Ironically, after contacting a bunch of agencies (news, AG offices and even the FBI) I’ve been informed that I NOW qualify for the HAMP program. Oh thank you…
First, Our income has not changed since February but now we qualify. Second, the hamp trial period papers were sent on the 30 and the payment was due in their offices no later than the 1st. Third, the trial period payment… INCREASED OUR MORTGAGE PAYMENT by $44.00. I understand that we had issues and got behind, incurred extra fees and now owe more than the original mortgage but… if the situation was resolved back in February when we applied for our second of five mod requests, the amount wouldn’t be an additional 10,000.
We’ve been backed into a corner with no way out. We had no choice but to accept the deal. Otherwise, we lose the home or file bankruptcy. That is always an option if this falls through. The only kicker I see is, Saxon will get an “incentive” and we will get a higher payment, larger debt and more than $6500 in fees for their attorneys. My grand dad would be rolling in his grave over this one.