My husband and I bought our condo for our family about a year and a half ago for 108. At the time in this area, this was a great deal. We bought it from a friend that we’d rented from for a couple years, and the condos in the area for our model were going any where from 115’s to the upper 120’s. We love the area, we LOVE the schools, and we didn’t want to move. So, we went for it. It was really stressful, but we pushed forward.

So now, fast forward, the homes in the area are in the LOW 80′S! My work is working me less and less. My husband lost his part-time job due to it being sold to a foreign company and downsizing, which might not seem like much but at this part-time job he made more on a weekend than he did the entire week at his full-time job cause it was a union job. So, that was a HUGE hit to us. He still maintains his full-time job. We are limited because we only have one car, so we work opposite schedules. And, because of all of these things and more our mortgage is falling behind. We are running about 1 1/2 to 2 months behind at any given time. And, now with the holidays coming up we’re really stressing out. Especially since we have two children, an 11 year old girl and an almost 13 year old boy.

We’re doing everything we can. We’ve rented out half our garage. We’ve cut off our home phone. We don’t pay for online service (we just use the wifi). We supplement grocerys from our grandpa (who buys grocerys for the whole family, it’s kind of his hobby. he loves it!). My sister (who lives across the street) and I alternate who makes dinner to save money. We don’t buy fast food. We don’t keep snacks or pop in the house. We buy generic EVERYTHING. My kids STILL don’t have all their school clothes. My son doesn’t have a winter coat yet, he uses my husbands. Thank God for hand-me-down clothes from the family! After all of this, my mortgage is still slipping! And, I’m scared to death that they are gonna come tell us to leave!

I know this is a lot to read, and I appreciate you reading this. Most of what I’ve read online about the government helping people stop foreclosure pertains to people with variable interest rates, which we don’t have. So, is there help out there for people like me who are doing everything they can but still coming up short?

Thank you, God bless and Merry Christmas!

This is not true about only people with adjustable rate mortgages are being redone.

You have taken precautions that others would not to reduce your monthly expenses.

You should call your lender, You would want to speak with someone in the Lost Mitigation Department outline to this person the current financial situation you and your family are currently in. Make sure you are speaking with a person that can make a decision about modifying your mortgage and the requirements necessary to do so.

Ask this person to send you a mortgage loan modification package. You should be able to complete this application, yourself.

A few home owners go to a loan modification company for assistance. If you utilize a mortgage loan modification company they will charge you a fee for their services. Keep in mind that you will be pay them no matter the outcome.

I hope this has been of some benefit to you, good luck.

"FIGHT ON"

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