All Moms - Stone Mountain,GA

Updated on July 13, 2009
A.P. asks from Stone Mountain, GA
19 answers

i really do need some help or advice on what to do. I am a mother of 4 and this is the first time i have missed my mortgage payment. the rest of the times i have made it on time. i talked to them about trying to see if i qualify for a hardship and they told me no. that if i did not have my current mortage before July 1st that they would start the procedure for foreclosure. I really do not know what to do. i have nobody that can help me right now. I need a mortgage that includes my hpuse taxes in it. Right now my mortgae is 565 a month, it is only me working and i hav ethe kids to take care of plus i have to pay for my property taxes that willbe coming out in July for them to be due in August and November. My property taxes is 2000. So for August i would have to come up with 1000 for taxes plus the 565 for my mortgage. I so so upset right now that i dont know what to do. This is starting to make my head hurt all the time it keeps my blood pressure up when I already suffer from high blood pressure. i just don't know what to do or where to turn to. I hope somebody out there can give me some advice.

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B.L.

answers from Atlanta on

Try www.acorn.org, this is a resource that my mortgage company gave me. I hope this helps!

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J.I.

answers from Savannah on

hi A.,

they can not repo your home for this one late payment. I have worked in the collection department for 12 years. what you need to do is call and speak with the manager.
ask him to grant you an exstenion on the loan. you can ask for up to 3 months exstenion, this will change you due date to sep 09. this would give up time to pay the taxes and look for a new mortage company. the miss payments will be add to the end of the loan.
hope this will help you.

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J.B.

answers from Atlanta on

Do some research on the legal formalities of foreclosure. I don't think they can start foreclosure proceedings after one missed payment. Call them back, speak to a manager and try to figure out how you can pay them what they're owed over a period of time. They should be MORE willing to work with you right now than less due to the awful real estate and financial markets. If they foreclose on you then they won't be getting anything from you AND they'll have your property they'll have to sell for the balance owed which isn't that easy right now. So, someone there should be at least willing to discuss some options with you.

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A.C.

answers from Atlanta on

If you are Georiga, you can call the Dept. of Housing and Urban Development at ###-###-####.
If you have an FHA loan, you can call toll-free (800) CALL-FHA (800-225-5342). You have a good head start because you know your situation and what you need at this point. Just have your documentation ready when you call. There are people who can help and I do know of people who have been able to keep their homes. Please do not lose hope because no matter what your children need their mother healthy. I hope these numbers help. You are in my prayers for a positive resolution to your concerns.

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D.P.

answers from Atlanta on

I have a friend who went through something similar. Your mortgage company cannot foreclose until you miss a certain number of times (I think it's seven). Keep calling and keep a record of your phone calls. It would behoove the mortgage company to work with you rather than have you foreclose on your mortgage.

http://www.ftc.gov/bcp/edu/pubs/consumer/homes/rea04.shtm

Call the churches in the area. There are a lot of great organizations out there for people going through hard times. St. Vincent de Paul. Angel Food Ministries. And many more. Good luck!!!

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S.G.

answers from Savannah on

First off, take a couple of deep breaths to help clam down and clear your head. It's going to be ok!!

A bank can't forclose on you for missing one payment. It's just not that easy. You need to be behind 3 or more or that to happen. They are more than likely trying to scare you and it's working. I don't know off my head, but I'm sure there are a few programs out there that can help you to either refinance (and you might be able to do an escrow so your insurance and taxes are part of your monthly morgatage pmt), help you defer a payment or two, or give you money to pay it.

I've been in your shoes before. I almost lost my house when I was a single mom and had a 2yr old to feed. It is scary but I was able to get some help through some county programs (after I proved I was not behind by no fault of my own) and I ended up selling my house and moving to SC to be with my now hubby.

Call your social services office or county office and see what programs localy can help you out. Even if it is food stamps for not, that frees up some of your money to put towards the house pmt. You are working and paying taxes so don't be afraid to take back from a system that you have paid into!!

Good luck!
S.

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S.P.

answers from Atlanta on

Hi,

I can suggest you contact this non-profit agency called HomeFree-USA that will assist you for free with trying to negotiate better mortgage terms with your current lender. The telephone number is ###-###-####. You can get more info on the website at www.homefreeusa.org.

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R.D.

answers from Atlanta on

Try this website www.naca.com
This is the Neoghborhood Assistance Corporation of America. They have a home save program for people that are at risk of foreclosure. I attended one of their workshop and the program seems to be a valid program. They also assist first time home buyers. I heard about the program from a neighbor who is a Remax agent. Check out the site or call them at ###-###-####. This is the number to the Atlanta location that is on Clairemont Road.

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F.A.

answers from Atlanta on

Hello,

I worked in the foreclosure department for 15 years and I know for sure they can not foreclose on you after just missing one payment, you have to be three or four payments behind. Since the economy is not great right now the mortgage companies are doing all types of workout options to help borrowers. Call your mortgage company and tell them that you want to know what your options are in regards to getting caught up with your missing payment. They can put you on a payment plan or do a Loan Modification where they can add that back due payment into your principal balance and lower your interest rate. Call them everyday if you have to until they put some type of workout option in place for you. Keep sending in your monthly payments so you do not get further behind, they will accept it.

Good luck

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J.H.

answers from Atlanta on

I would talk to your mortgage company again, they should not start the foreclosure process after just 1 month, it is usually after 3 months. Talk to them about paying a little extra each month until you are caught up on the past due. I know if you have a FHA loan you may be able to refiance without having to get approved again which could give you a lower interest rate and let you combine all (taxes and insurance) into one payment. I know it is a hard thing to go through right now. My family recently went through the same thing. I am not sure if you have a 401k or not and I know right now everyone is telling you not to take money out of that but you can usually take a loan from your account, which I did and do not recommend but if you need to you can but you can also claim a hardship withdrawl from your account in the event of foreclosure.

K.B.

answers from Spartanburg on

Home Loan Modification
http://www.nmhcenter.org/?gclid=CL_gofu1jJsCFQienAodQiyOnQ
we have been behind before and got a home loan modification through our mortgage company with a lower interest. They are trying to give you the worst sounding thing to scare you. They don't want to default you loan and own your house. Sometimes you have to deal with another department as they know the options. I think it isw the collections department. The site above is one I found on line if your mortagage company won't work with you. I will be praying for you!

Blessings!

K. B

PS If your interested...I work from home as a Shaklee Distributor and even in this economy my income was the highest I have ever had last month. My web site is www.shaklee.net/takecontrol

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K.F.

answers from Macon on

Dear A.,
Do you attend a church or know some good church going people? If you do, consult somebody there or go into any church and ask for help. They could possibly help directly or there may be someone in the congregation who can give financial advice and help out. Do not be embarrassed or anything like that - people want to help you! They would hate to see another needless foreclosure on a working Mom. Please go and ask and I will pray for you.

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M.L.

answers from Atlanta on

Hi A..... My heart goes out to you. Keep blessing your house and do not give up. God would not take you this far and stop now. One suggestion I would make is pay the mortgage (do not default on the mortgage) and make arranement to pay the taxes on a monthly basis. Also, now is the time to refinance (or so "they" say), so you might want to check into doing that.

I will pray for you. God bless.

M.

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D.L.

answers from Atlanta on

I would try and call Dave Ramsey who is the wonderful man who runs Financial Peace University. He is on every day at 3:00, he is on the internet and has several books out. He's books are at the library. He is a Christian and has very good, sound advice and maybe can guide you.

I hope you the best. Do you have a church home? Sometimes churches are able to assist in emergencies. I know budgets are tight everywhere right now. Can you have a garage sale to raise some money? Do call Dave, he's wonderful!

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C.

answers from Atlanta on

Try this website: http://makinghomeaffordable.gov/ its President Obama's home ownership initiative he put in place to help people keep their homes.

Also check with the United Way website under the tab "get help" they have listings for agencies, charities, groups in your area that help people with mortgage and rent payments. I know its upsetting but don't panic, focus your energy toward finding alternative resources. Some mortgage companies like to scare and intimidate customers in making their payments by threatening foreclosure, although some companies do, most don't start that process until your 2-3 months behind. I would call them again and speak with someone in a whole different department like Mortgage Refinancing, and when they ask why you want to refinance tell them your situation, and they may offer you some other options or put you in contact with a different dept that can help you. I know your goal is not to refinance, but I have found that sometimes you may have to get another party involved to get the help you need and sometimes you have to go through others to get help.
I offer you this advice because as a single mother of two I have went through all these steps I'm telling you about and they have worked. Stay positive and have patience and be persistent, don't settle for no, keep calling different depts and different agencies until someone says yes. The help is out there. Be blessed

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J.J.

answers from Atlanta on

Hi A.,
I am so sorry to hear of your siuation. Unfortuantely, it's happening all too frequently these days. We all need to sit back and thank God for what He has given us and never take it for granted!
First and foremost PRAY - it's the BEST thing for you to do in any situation! Stay close to the Lord because He is always there to carry us in our time of need! And know that I am praying for you as well!
Second, do you have a church home? If you do, make sure this month and every month that you TITHE! Tithe is the FIRST ten percent of everything you make. We do this because we recognize that without Him we have NOTHING. Also this is how we can show God that we trust Him to fully provide EVERY ONE of our needs. By giving our tithes and offerings we prove that we have faith that He will bless us abundantly - and you CAN BELIEVE THAT because it's written in His Word!! It may not come as you expect it will, but place your trust in Him and He WILL take care of you.
God Bless you & your family ;)

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A.M.

answers from Atlanta on

I would suggest contacting the St. Vincent de Paul Society at your local Catholic Church to see what they could help with. This Society is all about helping the needy...and trust me, there are UNFORTUNATELY a lot of needy people these days - thanks to our good ole gov't who is also responsible for why your mortgage company is being such a jerk now!
Also, remember you're better off to send "something" to them rather than nothing at all...so whatever you can swing, you need to try.

good luck to you!

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V.A.

answers from Atlanta on

Check your local Catholic Church and see if they have a St. Vincent de Paul Society. They help people in need with not only food and clothing but also bills, etc. Another possiblitilty at this point to to contact DCFS and see if you qualify for food stamps, that would lessen your load in groceries so that you can take that money to pay for the mortgage and taxes until you get over this hump. They may have some resource for you to consult with to plan out your next year so this doesn't happen next year too.
Even if you don't belong to a church or don't regularly attend one, you would be suprised at how much they rally together to help people in need. It sounds like it wouldn't hurt to gather that kind of emotional support either.

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E.G.

answers from Atlanta on

A.,

I do not know whether you enjoy speaking with people on the phone and, more importantly, how your writing skills are, but if both are excellent quality, I recommend you apply with On Point Advocacy. Their website is [email protected]____.com.

E.

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