foreclosure and bankruptcy

Posted by Terri on November 26, 2004 at 19:30:13:

My husband and I live in NC and filed chapter 7 bk 4 years ago and things were going good until last year, we were trying to refinance our home and talked with a local mortgage broker and was told everything looked great and we went through the whole process and had a apprasial which we paid out of our pockets, $350.00 that we really did not have, but she kept telling us it was a done deal. So we had a closing date and the day of the closing, we both took off work to go, she called to say that the lawyer could not be there that day and booked us for another day. In the mean time our first and second mortgage was due and she advised us not to make the payments because she said it would be a hassel to get our money back for the over payment, I know it was not the smartest thing we ever did but we listened to her and did not make either payment. The second closing date came and she called us 30 min. before we were to go and told us that we did not have the loan and we would not get the loan, Sorry for the problems that this may cause but we will continue to try and get you a loan, she got an earfull from us that day. So now we are out $350.00 and behind on both mortgages and we can not catch up. Our first motgage is with Citifinancial and they are great working with us but our second mortgage is with Homecoming and they don't want to work with us at all and they are send us foreclosure letters telling us that we have to get our payments current now or they will foreclose on our home. We make our payments every month but are a month behind due to holding the payments. We have our house up for sale right now but we owe too much on it. Does anyone have any suggestions on how to get out of this mess. What are the chances of getting a new mortgage after bk and foreclosure if it comes to that?

Follow Ups:

• Re: foreclosure and bankruptcy - Janie 21:10:56 12/01/04 (2)
  • Re: foreclosure and bankruptcy - ROBERT WILKINSON 10:03:11 01/21/05 (0)
  • Re: foreclosure and bankruptcy - ROBERT WILKINSON 09:54:35 01/21/05 (0)

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: My husband and I live in NC and filed chapter 7 bk 4 years ago and things were going good until last year, we were trying to refinance our home and talked with a local mortgage broker and was told everything looked great and we went through the whole process and had a apprasial which we paid out of our pockets, $350.00 that we really did not have, but she kept telling us it was a done deal.  So we had a closing date and the day of the closing, we both took off work to go, she called to say that the lawyer could not be there that day and booked us for another day.  In the mean time our first and second mortgage was due and she advised us not to make the payments because she said it would be a hassel to get our money back for the over payment, I know it was not the smartest thing we ever did but we listened to her and did not make either payment.  The second closing date came and she called us 30 min. before we were to go and told us that we did not have the loan and we would not get the loan, Sorry for the problems that this may cause but we will continue to try and get you a loan, she got an earfull from us that day.  So now we are out $350.00 and behind on both mortgages and we can not catch up.  Our first motgage is with Citifinancial and they are great working with us but our second mortgage is with Homecoming and they don't want to work with us at all and they are send us foreclosure letters telling us that we have to get our payments current now or they will foreclose on our home.  We make our payments every month but are a month behind due to holding the payments.  We have our house up for sale right now but we owe too much on it.  Does anyone have any suggestions on how to get out of this mess. What are the chances of getting a new mortgage after bk and foreclosure if it comes to that?


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