Losing My Home...

mentalward is trying to put you on the right track! You have 3 whole months to work with. Start doing your research and you may be able to keep your house. For your children's sake, if you haven't already, check-out all of the public assistance programs you can. Keep up your research and stay strong! Watch Zeitgeist Addendum (October 2008) to see the argument one guy used to keep his home. It's difficult to explain, which is why you need to watch it, but it's a REALLY good and EFFECTIVE argument. www.zeitgeistmovie.com

I am so sorry you are in this situation. I nearly lost my home too. I am out of work cause I took sick and was struggling to pay the mortage on my husbands wage and feeding the four daughters. Lately has been like hell. We used to be happy and could buy some luxuries. Now the bills have pilled up for the first time in twenty years and we have missed mortage payments. My husband and I are fightening like mad and it is all over money. Money does bring happiness. When I had some money we where happy. Now I have none I am miserable and depressed. We have been for help and luckily we have got everything under one payment so we can manage. I cried for months thinking I would have to leave my home. I feel so bad that you have to leave yours. I used to think like that guy you talked about on here. I thought it was self inflicted on people the way they managed. Now I know it is wrong. I could not help getting this into mess. My thoughts and prayers are with you.

I completely understand what your going thru. Right now because of the economy we are down to one car. We can barely afford are apartment and my husbands work has slowed down to 40 hours a week. Let's just say are rent takes all of one check and half of another. And it's the cheapiest apartment around. Honestly I don't know what we are going to do. I quess I will start selling of some things around the house to make sure that we are going to be alright. But unlike in your situation we don't have children. So I truly feel for you and my prayers are with you.

Did you get foreclosed on? Don't you have any recourse, refi, negotiation, anything? This is a personal question which you do not have to answer - did you have to struggle at all with your mortgage before the economy took a nosedive, ie did you originally buy more home than you could afford? There are a LOT of foreclosures near me in a neighborhood that is only about 3 years old. My neighborhood is established so although there are a few homes for sale around here, they were not foreclosed. I know without a doubt in the new neighborhood that many of those homes were sold to people who couldn't afford the homes. Their mortgages started out with a tiny payment (prob interest only) with an adj rate that went up the second year. Suddenly these people saw their payments rise from 400-500 bucks on upwards of 2500. Most of them stayed until they got thrown out and then ran for it. Now I can't QUITE agree with the guy who said 'you're broke because you CHOSE to be'. I can agree with the sentiment of what he said, which is basically certain types of attitudes and decisions can LEAD to trouble with finances. I say this because I know people who live on very little and they live OKAY, meaning all their bills are paid for every month and they aren't without food or without gas for their cars, but yet they don't have money for entertainment, going out to eat, vacations, and the like. These people don't live above their means. I also know people who have HUGE incomes but they are constantly struggling with basic bills and credit, meaning although they have healthy incomes, they live WAY above their means. Bottom line of course, whatever your primary source of income needs to be enough to cover the absolute necessities, things like a mortgage or rent, cars (gas and maint if no car payment), basic utilities, food, household expenses (cleaning supplies, personal care items). If THOSE costs are too high, then you have to take a hard look at either those costs, or your income. Sometimes you simply cannot pare down your bills any more, and you have to take a part time job on top of a full time. I urge you to try to save your house, if there is any way. Unless there's no way you can afford to pay your REGULAR mortgage payment, in which case you might be better off renting, it would really be better to hang onto it any way you can. There are a lot of programs designed to help people stay out or get out of foreclosure.

Hey Ginny, did you try to talk with your lender maybe if you try again and make a hardship letter where you explain them your situation, are you currently working?, sometimes they can lower your payment, check the comparables of your house (www.Zillow.com) and let them know if your house is worthing less that when you bought it because if they foreclosure your house they are going to lose too. I hope you could find a solution to your problems and remember the most important is that you are alive, heatlhy, the rest are things that you could have it in any time.

You poor thing I cannot imagine how bad you are feeling at the moment but things have a way of working themselves out stay positive for your kids sake,no money does not buy real happiness it just pays for everything that makes you happy.I would like to say that none of this is your fault it is the way the things are, it is because of greedy bankers and stupid people having fun with out savings, and making a mint out of it.I would not listen to that man much he sounds like an idiot of course you did not want this , who does, if he had spoken to me like that he would have got a black eye not that I am violent women but I would not want to hear that nonsence,we all over spend because we truly beleave we will be able to pay it back.

I'm sorry about your home... but it's not the end of the world. I'm sure it's hard, heck I know it's hard & you have that right to be devastated. But remember that you still have something to fight for, your kids. You can still get a home, who cares if you don't own one... renting a home is just as good. Remember kids do adjust. The old saying about "money doesn't buy you happiness", I agree & don't agree. Yes money helps do all the above & that in the long run makes you happy, but the point is, being rich isn't everything. Family is the true happiness. You can live & be happy on a fixed income... you don't have to be rolling in doe to be happy. Once again, sorry for you losing your house, but don't give up, get out there & find a home to rent, even if it's a apartment. You have 3 months. Thats more time then a lot of people don't have. So I would be thanking your lucky stars my friend. 3 months - you can do! Good luck! The future might have something better for you anway... :D

I am sorry to hear what you and your family are going through ginnypetree. We have gotten ourselves in a financial bind (our doing) and I have had to pick up a part time job through the holidays, and will be looking for a full time job in the New Year. We have cut down on a lot of things that we use to splurge on and only buy what we need, including groceries. We don't own a home and are renting, and have been since we arrived in the US two years ago. We will be looking for something cheaper in the New Year. Hang in their ginny :)

That is just so sad... i very sorry for you... how can this happen?... i hope you in that 3 months... a miracle would happen so that you won't have to lose your home... or that you will be able to move to a much better one... I remember coming home and i got the shock of my life because all our furnitures were gone... and the only thing left was our oven... but after a few months... my parents were able to replace the items one by one... and we got better ones... so i can say that life is never on the down side... good things are bound to happen...

Hello ginnypetree. I agree that money can buy some kinds of the happiness that we desire to get, though not all of them. It all depends on how you think about your happiness. So my definition about happiness is: so long as you are happy with the things you can get, either mentally or physically, that is happiness. But I am so sorry that you are losing your home. Still I hope that your government will try its best to help you citizens to live a better life with a decent house to live in. Good luck to you and take care, my friend.

I am sorry you are going thru this all . My fiance and me have been having a hard time lately. My parents have had winter with no heat . My friend from africa starves most days . I know many people who are suffering , you are not alone . I hope things get better for you , you just never know what good might come My parents had a string of bad times , and had help lately , so you never know . i know having money brings a peace of mind , and that is all i want .

Hi ginnypetree, I am so sorry that you are losing your house, I know how you feel because it happened to me many years ago. It is very hard and people don't understand, I hope you will find another home, so sorry. Tamara

Money helps but having a life threatening disease with no cure, money wont buy that happiness, a family friend went through that and was miserable. I am sorry that you are losing your home... is there no way that you perhaps could borrow from friends and pay THEM off?? i dont know how much you are behind on your payments or anything but it is just awful that you and your kids have to go through this... The economy is hitting everyone in big ways people are trying to cut back, one lady that came on tv said she saved about 200 dollars a month just by unplugging and turning off lights and electrical appliances... there is this whole domino effect going on and i really hope things look up for you and everyone else (myself included)...

My fiance and I just had to move in with my Mom. I'm 9 months pregnant and had to quit my job as it was factory so we were reliant on just his paycheck for awhile which got us behind on rent due to doctors bills, car payments etc. I may not have owned that home but the horror at realizing you can't afford it and it was going to be taken away is something I'm not going to be forgetting for a LONG time. I just felt helpless. We aren't folks that are trying to get stuff without working for it you know? Our pride has taken a severe beating (along with our wallets lol) So now the baby bed is set up and waiting for the baby 2 feet from our own bed, the dresser is in the closet so the baby's changing table will fit in the room and the sad part is I'm RELIEVED. I'm so thankful to have somewhere to be even if we are all squished in a small home. This will never happen to us again. Never again will I be one paycheck from financial devastation. My heart hurts for you and your children though. The good news is that kids are resilient!

Money buys contentment. This is not happiness.