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HFC foreclosure Help?

Hello, Im going to make this long hard story as short as possible. 1.) I have a loan with HFC (house hold Finance) 2.) Payments are $4,040.00 appx 3.) Lost my job 4.) Wife went from $117,000.00 a year to $60,000.00 5.) Bring home is only $3,800.00 appx 6.) 2 car payments appx $ 620.00 7.) Power/water $ 310.00 8.) food for 5 family members $300.00 9.) Car Gas + toll's $200.00 10.) Misc bills $ 400.00 Heres the deal, I tryed working with HFC and they somewhat tryed by saying hey ur behind by 1 payment catch up and then we will stick you into a payment plan. So i cought up and they stuck to their word and put me in a JOKE of a payment plan. I pay $3,500 for 3 months. My wife only brings that home we would still not be able to eat or pay any bills. So thats what we did payed nothing but the morguage payment. After 3 months were up back to $4,040.00 and we fell behind again. let alone we were being told not to pay anyother bill but them so we lost our RV. No biggy not the end of the world. Then they said if we get caught up then we will be able for 60months.. we got that in writting and turns out it was a typo. It was only supposed to be for 6 months at $3,500.00 what help was that again at 12% intrest on a 400,000.00 home? Crazy! By not paying our bills we runined our credit and we were about to be in forclosure and they held a meeting with all of there customers in the area. We went and got our morguage payments down to $2,500.00 but they wanted us to pay extra to catch up on the behind payments at the same time and it only was for 6 months. Now the $2,500.00 payments are over and they said maybe I should sell. Becuase of HFC appraizer my house is "worth 400.000.00" yea right more like 350,000.00 and if i sell I will still owe HFC appx 150,000.00. I contacted HOPE.....What a JOKE! They do not help in any way or form. They say try to get them to work with you..How can that happen when HFC does not understand you because they are in India? So now im facing forclosure and What government has helped us? Why was someone like me allowd to be taking advantage of in a hard time. I get it HFC helped me when I need money to pay off a Medical bill but at what cost. My family's lifestyle has gone way down, We are always fighting about the morguage. Why does a company have a stick so far up there butt were they cant just say hey your having a hard time and Id still be making money off you if I lower ur payments to $2,000.00 permently and include property taxes in the loan. Right now im 2yrs behind on my property taxes and I have no insurance on my house. Im not doing this anymore. I rather let my house go now then to drive around without insurance or no power in my house. I say HFC should work better with US their customers and treat us like we are people not like money makers!

Public Comments

1. thanks for the info.
2. Like so many people right now, me and my husband where about to lose our home but we went through a company to lower our mortgage payment, they also helped with our finances (debt consolidation). I will give you the company that we used, very reputable and i have a good friend who is going through the same process. Hope this helps:) http://Expert-Loan-Modifications.tk