Good Morning,I find myself in a situation that makes me just want to cry! Instead, I want to share my story. I need to write this down so that I don't cry. I took a chance and now this is what is happening.
This is my house and I have to say, the experience I have gone through in the past few months have been challenging. I have worked, as my husband has too for the past 35 years. We have had top notch credit rating. Then a series of events started happening in the past two years. First it started with a motorcycle accident in which my hub was pretty broken up. Thank goodness he survived and is doing pretty good.
Once he healed he knew he could not go back to construction, instead he did some electrical work. Then about 10 months ago, the company folded and he was laid off. It was a struggle to pay a first mortgage as well as a second mortgage. So in an effort to save my house, we applied for a remodification. To help us pay along the way, we used Curtis' inheritance after losing his dad to cancer. We were able to keep up with the house payment and all our bills with my paycheck and unemployment. We knew we had to make some cutbacks, so the cable went and a few more fun things we had that was an extra expense, GONE!
In October I knew we could not keep it up and could no longer make the payments. There was no supplement to my income as the inheritance money was gone. Hub couldn't find work, so we defaulted. I knew once we did this, our outstanding credit would be gone. What could I do? We had a legal team working with the bank to get the modification through.
If anyone has gone through this, you know what I am experiencing. I have never never not paid my bills and it was the most difficult decision I made. I knew I risked the chance of loosing my home. So here I am today and received notice that my house is up for auction on May 13, 2010.
Sad, very very sad that the bank does not want to work with us. We tried to work with them and refinance in the beginning, but they didn't want to do that, which brought us to the decision to tried the modification.
My heart is heavy and all I can do is pray. Pray for strength as the days count down to when May 13th comes around. I pray for guidance, as I don't know what will to be. I leave this in the lords hands. He will guide us and not leave me alone.
Thank you for listening..
Hugs,
Kim
