Comments on: Who Does Obama’s Foreclosure Fix Really Help? http://www.mint.com/blog/finance-core/who-does-obamas-foreclosure-fix-really-help/ The blog of the free, simple personal finance solution. Track all your spending automatically, find the best deals, save more money. And save the world. Fri, 19 Mar 2010 18:26:43 -0700 http://wordpress.org/?v=2.8.6 hourly 1 By: denise http://www.mint.com/blog/finance-core/who-does-obamas-foreclosure-fix-really-help/comment-page-1/#comment-46032 denise Sun, 28 Feb 2010 03:34:03 +0000 http://www.mint.com/blog/?p=2075#comment-46032 This is just wonderful!!! I have been trying for months (after getting laid off of my job over a year ago and not being able to find a job) to get help and all my mortgage company would tell me was that I needed to pay more money then I originally owed. This is just crap because I have to go to foreclosure court on Monday to find that I get kicked out within 30 days from my house. All this government has done is messed up everyones life. This is just wonderful!!! I have been trying for months (after getting laid off of my job over a year ago and not being able to find a job) to get help and all my mortgage company would tell me was that I needed to pay more money then I originally owed. This is just crap because I have to go to foreclosure court on Monday to find that I get kicked out within 30 days from my house. All this government has done is messed up everyones life. ]]> By: steve http://www.mint.com/blog/finance-core/who-does-obamas-foreclosure-fix-really-help/comment-page-1/#comment-44235 steve Fri, 15 Jan 2010 19:06:12 +0000 http://www.mint.com/blog/?p=2075#comment-44235 People are people and you cant blame anyone for taking advantage of what is available and trying to better your own life. Some people do abuse the system, but I believe that in the end the programs do help those who need it. Our economy does not need more foreclosures; they hurt everyone. People are people and you cant blame anyone for taking advantage of what is available and trying to better your own life. Some people do abuse the system, but I believe that in the end the programs do help those who need it. Our economy does not need more foreclosures; they hurt everyone. ]]> By: April http://www.mint.com/blog/finance-core/who-does-obamas-foreclosure-fix-really-help/comment-page-1/#comment-43866 April Tue, 05 Jan 2010 02:48:12 +0000 http://www.mint.com/blog/?p=2075#comment-43866 Well it's nice to know someone is getting help from this plan! We have been trying since May 2009 and we have not received any help and are now in foreclosure. No thanks to Obama from this side. Well it’s nice to know someone is getting help from this plan! We have been trying since May 2009 and we have not received any help and are now in foreclosure. No thanks to Obama from this side. ]]> By: al http://www.mint.com/blog/finance-core/who-does-obamas-foreclosure-fix-really-help/comment-page-1/#comment-41929 al Tue, 10 Nov 2009 17:28:35 +0000 http://www.mint.com/blog/?p=2075#comment-41929 first time buyers are the only ones benefitting from Obama's Stimulus Recovery act. I cant get my lender to modify my loan which is 250000 upside down so i am defaulting 12-01 and i hope i live 12 months freeeeeeeee and then im going down to live in Mexico and rent a 4 bedroom home for 700 near the beach instead of 37000 a year to Wells Fargos greedy selfish CEO's i will retire with no debt and hopefully live stress free in my recently retired years first time buyers are the only ones benefitting from Obama’s Stimulus Recovery act. I cant get my lender to modify my loan which is 250000 upside down so i am defaulting 12-01 and i hope i live 12 months freeeeeeeee and then im going down to live in Mexico and rent a 4 bedroom home for 700 near the beach instead of 37000 a year to Wells Fargos greedy selfish CEO’s i will retire with no debt and hopefully live stress free in my recently retired years ]]> By: Constance http://www.mint.com/blog/finance-core/who-does-obamas-foreclosure-fix-really-help/comment-page-1/#comment-39330 Constance Fri, 09 Oct 2009 20:49:15 +0000 http://www.mint.com/blog/?p=2075#comment-39330 AFter a lot of blah, blah, blah from Wachovia, I now just received my reinstatement letter from them (got 7 days after dated). HELP! I have a Texas Equity Loan and some at Wachovia say it will never go over to Wells Fargo while some at Wells Fargo say "no problem." I don't have 2 loans. I have ONE loan where I got money from my equity (8 years ago) and my home is now worth $40,000.00 more than I owe on it. I was behind on ONE payment from being in the hospital but after promises of holding off and waiting for HAMP, they finally realized I didn't have a FNMA or Freddie Mac loan! (They don't show what type of loan I have in their computers?? Then, after 3 months, couldn't make a partial loan and then was told again "Wait for hamp!" Then, suddenly, you're in foreclosure and we've added another $1,017.00 for attorney fees and you have SIX days to come up with a program that we may or MAY NOT approve (repayment) OR pay all $5,000.00+ owed. ANYONE HAVE ANY ADVISE OR HAD THE PROBLEM AND GOT IT RESOLVED? I need help! My sister-in-law is an attorney but, unfortunately, she's the attorneys that are foreclosing people, not saving people. AFter a lot of blah, blah, blah from Wachovia, I now just received my reinstatement letter from them (got 7 days after dated). HELP! I have a Texas Equity Loan and some at Wachovia say it will never go over to Wells Fargo while some at Wells Fargo say “no problem.” I don’t have 2 loans. I have ONE loan where I got money from my equity (8 years ago) and my home is now worth $40,000.00 more than I owe on it. I was behind on ONE payment from being in the hospital but after promises of holding off and waiting for HAMP, they finally realized I didn’t have a FNMA or Freddie Mac loan! (They don’t show what type of loan I have in their computers?? Then, after 3 months, couldn’t make a partial loan and then was told again “Wait for hamp!” Then, suddenly, you’re in foreclosure and we’ve added another $1,017.00 for attorney fees and you have SIX days to come up with a program that we may or MAY NOT approve (repayment) OR pay all $5,000.00+ owed.

ANYONE HAVE ANY ADVISE OR HAD THE PROBLEM AND GOT IT RESOLVED? I need help! My sister-in-law is an attorney but, unfortunately, she’s the attorneys that are foreclosing people, not saving people.

]]> By: Margaret K. http://www.mint.com/blog/finance-core/who-does-obamas-foreclosure-fix-really-help/comment-page-1/#comment-32300 Margaret K. Wed, 17 Jun 2009 20:20:15 +0000 http://www.mint.com/blog/?p=2075#comment-32300 I meant 140,000 dollar home. I meant 140,000 dollar home. ]]> By: Margaret K. http://www.mint.com/blog/finance-core/who-does-obamas-foreclosure-fix-really-help/comment-page-1/#comment-32299 Margaret K. Wed, 17 Jun 2009 20:18:27 +0000 http://www.mint.com/blog/?p=2075#comment-32299 I know a family member who makes over 150,000 a year and has nearly foreclosed on his home 3 times. This last time they were bailed out by Obama's plan. They made the stupid decision to go to a more expensive home while they still had a high mortgage to pay on the previous home. They got a fixed mortgage rate, but their lifestyle did not change. They purchased new furniture, new car, buy all kinds of toys and clothing whenever they feel like doing so. They borrow money from relatives to pay the minimum on credit cards, and give lavish gifts to family members getting married or having a baby. What is wrong with this picture? It is their own fault they got into this mess. Now they are being given a break, but who keeps track of their personal spending? Why should we give a break to those who do not care how they spend money. They went from a 14,000 dollar home to a home around 500,000. What is with some people? There are just too many greedy people out there. I know a family member who makes over 150,000 a year and has nearly foreclosed on his home 3 times. This last time they were bailed out by Obama’s plan. They made the stupid decision to go to a more expensive home while they still had a high mortgage to pay on the previous home. They got a fixed mortgage rate, but their lifestyle did not change. They purchased new furniture, new car, buy all kinds of toys and clothing whenever they feel like doing so. They borrow money from relatives to pay the minimum on credit cards, and give lavish gifts to family members getting married or having a baby. What is wrong with this picture? It is their own fault they got into this mess. Now they are being given a break, but who keeps track of their personal spending? Why should we give a break to those who do not care how they spend money.

They went from a 14,000 dollar home to a home around 500,000. What is with some people? There are just too many greedy people out there.

]]> By: Steph http://www.mint.com/blog/finance-core/who-does-obamas-foreclosure-fix-really-help/comment-page-1/#comment-32205 Steph Mon, 15 Jun 2009 15:40:09 +0000 http://www.mint.com/blog/?p=2075#comment-32205 I was laid off from a good-paying job. I am currently working and making far less money that I was when I bought my home. This is the only job I have been able to find and my mortgage company told me I did not qualify for any type of loan modification because my income is now too low. Before I was laid off, I had no trouble even paying extra toward my principal each month. My loan was backed by Fannie Mae, but it looks like Chase will be foreclosing next month. I didn't know there was a minimum income to qualify for loan modification. I am not sure who this program is supposed to help, but it sure isn't those affected by the massive number of lay-offs in the country. I took a lower paying job so I would at least be working instead of doing nothing, and I am still actively searching for a better paying job. It's going to be much more difficult to find a better job with no roof over my head anymore.... I was laid off from a good-paying job. I am currently working and making far less money that I was when I bought my home. This is the only job I have been able to find and my mortgage company told me I did not qualify for any type of loan modification because my income is now too low. Before I was laid off, I had no trouble even paying extra toward my principal each month. My loan was backed by Fannie Mae, but it looks like Chase will be foreclosing next month. I didn’t know there was a minimum income to qualify for loan modification. I am not sure who this program is supposed to help, but it sure isn’t those affected by the massive number of lay-offs in the country. I took a lower paying job so I would at least be working instead of doing nothing, and I am still actively searching for a better paying job. It’s going to be much more difficult to find a better job with no roof over my head anymore…. ]]> By: Denise Kuna http://www.mint.com/blog/finance-core/who-does-obamas-foreclosure-fix-really-help/comment-page-1/#comment-30781 Denise Kuna Wed, 29 Apr 2009 04:29:46 +0000 http://www.mint.com/blog/?p=2075#comment-30781 Is there help for those in forclosure already with a hired lawyer Is there help for those in forclosure already with a hired lawyer ]]> By: Lee Sherman http://www.mint.com/blog/finance-core/who-does-obamas-foreclosure-fix-really-help/comment-page-1/#comment-30068 Lee Sherman Fri, 03 Apr 2009 17:04:28 +0000 http://www.mint.com/blog/?p=2075#comment-30068 @Dillion write to me, lee@mint.com if you are interested in contributing to the Mint blog. @Dillion write to me, lee@mint.com if you are interested in contributing to the Mint blog. ]]>