Freddie Mac to Hank Paulson: $14 Billion Please…

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Since Jan 2007 I have been trying to talk to my lender and I have feeling that this econony will bring bad news to my family. Then I lost my job and got a new one but my pay rates is not the same. Bottom line I got a paycut from the new company..So every month I am checking with my lender and my 9 months saving will not last long and now its happening I could not pay..I try to refinance my house but the house is upside down..
I would like to keep my house but I have to think of my two daughters one in College and one in High School. Both of then will graduate in two years. I have been talking to my lender and does not want to help me because I am current in payment. Now the moment of truth has come my 9 month saving is fading I could not make a payment
for the last two month and still insisting I am only late 60 days..This is insane and ridiculious.. Do I need to play thier game to get a help..
So what is best solution on my situation..
If the lender does not want to deal with you..
What is the best solution..
A. Short sales
B. Forcloses
C. Be Patient talk to a Lawyer?
D. Leave the house while my credit is still good..

Dennis de Guzman of CA 3:43PM November 14, 2008

Does anyone in finance remember Gresham's law? Gresham, a few hundred years ago, stated that bad money will always force out good money, but good money cannot force out bad money. My interpretation is that the bailout is just pouring water down a rathole unless there are changes in the thinking of those handling funds. Why are the same CEO's in charge without strict oversight and controls? Obviously those in control have the same mindset that produced the problem.

Helen Rockwell of OH 3:10PM November 14, 2008

What recourse do homeowners have now that everyone in financial trouble are receiving help, however, the foreclosed homeowner has lost all.
The homeowners who have lost their homes also could prove financial difficulty, loss of jobs, and lost of income. Are we just passed by as "bad luck victims"?
My home was approved for a short sale by my mortgage company for $240,000.00. However, when the deal was about to be complete, the mortgage company backed out stating they were no longer giving short sales.
Once they obtained title to the property, they listed it for sale at a price of $169,000.00. If this type of option had been offered to the homeowner, I could have kept my home and made the payments with no problem.
My home was also one of the sold to one lender and transferred around to several others.
Do I smell a upcoming lawsuit ..... class action perhaps? IF so, I'll be the first in line.
Thank you for listenting.
Lana McKenzie Johnson
Lana@hsmattys.com

Lana McKenzie-Johnson of FL 2:03PM November 14, 2008