Everything costing more everyday and not getting a raise. It is getting very hard to pay my mortgage. No groceries this week.
Teresa Rungeof AL9:49PM February 25, 2010
Mr. M of NV,
I completely agree with you. I'm sick as hell thinking about it. I paid 354k for my house and I have no trouble making the payments. But crap, I put 50k down and have paid out 79,524.00 in payments since I bought it and it's now worth at least 50k less than i owe on it. I feel like I'm just flushing my future down the toilet. I haven't reached it yet, but I do have a breaking point at which I will not continue to bleed this way.
Jeremyof OR7:59PM February 03, 2010
The most frustrating thing about all of the reading I'm doing is that I can't find anything on the following:
I purchased my home in October 2007 at what I thought to be a fantastic price. The builder was offering a $70k incentive and I noticed most of the homeowners paid in the mid to high $300's. I ended up picking mine up for $293 so I thought I was making a smart decision. I qualified for a 6.25% FHA fixed rate loan for 30yrs.
Now, just over two years later my neighbors are buying their homes for $140,000 from short sales. So the same banks that got me in at $293 are allowing the one's that bought for mid to high $300's out of their loans with accepting short sales.
I feel like an idiot that I'm making payments and trying to do the right thing while all these new home owners are buying the same exact style house next to me for so much less.
I have a good job and can afford my payment but it's sickening that others are bailed out and helped out by the all mighty friendly government while I'm doing everything right and getting clubbed by them.
Anyway, Thanks for allowing me to vent. I feel better.
Mr. Mof NV12:39PM January 20, 2010
i have a ha rd loan and it is getting to be hard i need help thanks
Gary Stevens
garyof UT4:30PM January 15, 2010
What about people who just stop paying their mortgage even though
they can afford it but hope they can get a low interest rate from their bank ?
denof CA12:22PM December 27, 2009
If it makes us feel better, than by all means let it out. Fill up as many pages as possible with all our struggles. Read everyone elses problems and know your not alone. Hopefully we'll get through this with time and our faith. So all I can say is thanks to this site for saving me the money i would have spent on therapy. Good luck everyone.
Chuckof NY5:59PM November 22, 2009
I'am currently up to date on my mortage, but do to loss of employment i'am unable to make future payments i have exhausted all my resources is there any help. i called my lender they told me to sell my house.
frankof NY9:40AM November 17, 2009
I'am currently up to date on my mortage, but do to loss of employment i'am unable to make future payments i have exhausted all my resources is there any help. i called my lender they told me to sell my house.
frankof NY9:40AM November 17, 2009
All of you please wake up, I tried to get help from JPMorgan Chase bank and gave me the runaround becuase I am current on my payments but I pay over way over the 31% of my gross.
They will try go force the dollar to devalue and make it difficult to recover before introducing the Amero.
Again do your research...
Meof AL4:55PM November 10, 2009
We had a HELOC with WaMu, WaMu failed and JP Morgan "bought" all of WaMu's assets for 2/3 rds of a cent on the dollar. They bought my 80k loan for 650$ Why could'nt I buy my loan? For that matter why can't we all buy our mortgages for the same price JP Morgan paid. I need a break before I go "postal"
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Teresa Runge of AL 9:49PM February 25, 2010
Jeremy of OR 7:59PM February 03, 2010
Mr. M of NV 12:39PM January 20, 2010
gary of UT 4:30PM January 15, 2010
den of CA 12:22PM December 27, 2009
Chuck of NY 5:59PM November 22, 2009
frank of NY 9:40AM November 17, 2009
frank of NY 9:40AM November 17, 2009
Me of AL 4:55PM November 10, 2009
flanders of CA 1:22PM October 05, 2009