Upcoming Foreclosures

The government was supposed to help with mortgage foreclosures where do you get info and help?

I am one who got stuck in an ARM and in the meantime had a child and get no support whatsoever. I heard the government was supposed to have programs to help individuals from loosing their homes. I am not delinquent but my rate will adjust AGAIn in December and I can't afford it on top of my 2007 & 2008 property taxes and student loans and income taxes I owe from taking larger weekly exemptions to make ends meet. Anyone know of any programs that might help me? I am barely making it now and my payment will go up $80 and more every 6 months. I have rocky credit and my value of my home has gone down, live in the wonderful state of Michigan. All I want it the government to help me refinance. Where might I find info? I contacted my mortgage company (Ocewen) and they tell me I can afford another $200 per month.....where the hell they get that is beyond me!!! All I want it so keep from loosing my home! Any point in the right direction would help!! Sweetest Thrill - Didn't your mom teach you if you have nothing nice to say don't say anything at all! I'm not asking for a handout I'm asking for help to keep my house and keep paying the debt I owe and not walk away from it letting it go into foreclosure which will add to the pool of monies taxpayers are footing!!! You must not live in one of the states that are getting hit hardest with this wonderful state our economy is in. And let me guess you probabaly have a job that's not getting hit as well! My income has dropped because I work for an asphalt paving company. If you know anything about asphalt you know a major part of it's make up is OIL!!! And now they've had to cut our bonuses and raises to keep above water and the business operating. So to defend myself to your ignorant comments, if my income didn't get cut and if the housing industry wouldn't have plummeted I would be fine!!

Public Comments

1. Contact the FHA - they might be able to help you refinance your mortgage especially since you are not "behind" in making payments yet.
2. How about the programme where you buy a house you can afford instead of whining for someone else to fix your mistake? You agreed to pay more at selected dates when you took out the ARM, now you act surprised? You took advantage of the cheap payments and low interest now you don't want to hold up your end of the deal. Tough. Suck it up and pay it or buy something you can afford. Edit: As a matter of fact, FL has been hit hard. But we bought a foreclosure and paid in cash. And my job was completely eliminated just before Christmas last year. But we had saved a portion of it just in case that happened, and I hit it hard finding another contract. We bought what we could afford, and it ticks me off that our taxes are paying for people who think they "need" the most expensive house they can get approved for. We have a 3,000 sq ft brick house on 3 acres, you can get very nice homes very reasonably by buying foreclosures, govt auctions, etc and doing remodel work yourself. xxx