Comments on: Our Mortgage Bailout and Rescue: Obama’s Homeowner Affordability and Stability Plan

By: fixitgirl

fixitgirl — Sun, 10 Jan 2010 23:53:17 +0000

I didn’t add any rooms either. Actually, any work that was done was done by me. It seems our problem is, we aren’t Fannie May or Freddie Mac, WTF. There are other loans out there that need assistance. I am making my payments on time, not walking away, but will eventually have to seriously think about whether or not I will be able to do that any more or if I should feed my family. Which would you chose? Obama, maybe you could distract my children so they wouldn’t need to think of food.

By: Matt

Matt — Tue, 10 Nov 2009 01:21:36 +0000

I bought in 2004 at the height of the market. Now my home is worth 50-60k less. I’m stuck. My mortgage company won’t help me out because I don’t qualify. Go figure, another hit on the middle class.

By: paula

paula — Fri, 28 Aug 2009 17:29:30 +0000

where do you turn when your lender (UBS) refuses to give you a loan modification!!!! We want to save our home.

By: Michelle

Michelle — Sat, 16 May 2009 00:34:39 +0000

we never had a hand-out either. My husband had cancer and then the company laid him off. Our loan terms changed during the course of his illness and we have never been able to recover. We don’t qualify for either program under the Obama plan because of the amount of the loan. My husband had a good job where he worked for many years and we were able to afford the mortgage at the time. We also never had a late payment in over 15 years. But now he cnnot find a job. He was laid off just before Christmas and has been searching ever since.. even tho’ he is disabled. We don’t know what to do.

By: Aileen

Aileen — Fri, 17 Apr 2009 16:27:46 +0000

Me next….me next! My husband and I did everything RIGHT! Moved t Arkansas to help start a new manufacturing plant (for the big 3), bought a house there, after 3 years the company started going belly up…..my husband took another job in Ohio, we bought a house….made 2 mortgage payments the first year. Got renters in our Arkansas house to make the morgage payments (NO INCOME)….but since it’s “rental income property” the mortgage company (Countrywide) won’t do anything to help lower the payments (even after 10 years of paying faithfully every month) Our renters have now up and moved (he’s in Real Estate — go figure). We are 3 months behind…our beautiful home in Arkansas sits empty….and we still can’t get any help…….someone buy it…..it’s a steal! At least I “feel better” knowing that I’m in the same boat with other good tax paying, law abiding citizens. Sickens me to death.

By: Paula

Paula — Thu, 26 Feb 2009 12:43:54 +0000

I didn’t add a bathroom or renovate my house like the author of the above article states — my husband is disabled and workers compensation cut him off. His set his pension up wrong and it was cut in half when he hit 62 (in 2008). My second job asked me to take a pay cut, my third job has had a cut back. I couldn’t pay my house taxes (not more than one year) and my mortgage company made payment — then turned around and told me I had to set up and escrow — if I couldn’t pay $6000 where in the world they thought I would come up with $18000 still amazes me. After a long struggle they modified my mortgage and it increased by over $1500 per month. I can’t keep up and they won’t help me now (Wells Fargo). I’m on my third time applying for a loan modification. Never thought that this would happen to me — have worked since I was 16, was never on any kind of public assistance, raised four children without any assistance. It is a sad state of economy when something like this can happen to those of us who never had a hand out!

By: Paula

Paula — Thu, 26 Feb 2009 12:41:31 +0000

I didn’t add a bathroom or renovate my house — my husband is disabled and workers compensation cut him off. His set his pension up wrong and it was cut in half when he hit 62 (in 2008). My second job asked me to take a pay cut, my third job has had a cut back. I couldn’t pay my house taxes (not more than one year) and my mortgage company made payment — then turned around and told me I had to set up and escrow — if I couldn’t pay $6000 where in the world they thought I would come up with $18000 still amazes me. After a long struggle they modified my mortgage and it increased by over $1500 per month. I can’t keep up and they won’t help me now (Wells Fargo). I’m on my third time applying for a loan modification. Never thought that this would happen to me — have worked since I was 16, was never on any kind of public assistance, raised four children without any assistance. It is a sad state of economy when something like this can happen to those of us who never had a hand out!