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Posted: Sun Mar 04, 2007 11:24 am Subject: Exhusted all means!!

Just got off the phone with the mortgage company and am now so upset! I am now at the end of my rope. I need to come up with another $1500 to keep the mortgage company from starting Foreclosure proceedings! Said we would be getting a notice within the next 30 days unless we pay the total due. The total amount we need is $3000, so we are going to be able to come up with 1/2 of that this month, but we can't come up with the other 1/2, due to having to make our car payment, utilities, school stuff, etc. I don't have no idea where to turn, what to do or anything. The mortage company said they can't work out a repayment plan due to us "making too much money". If I don't pay anything else and let the power go off and let my car be repoed and not buy groceries, or car gas, which is now almost $2.50 per gallon etc, I can come up with the money, but these things need to be taken care of too! I have called my folks and they don't have it, my husband's mom can't help and my brother has his own mess he is dealing with, we have already tried getting a small loan and was told no due to credit and just don't know what to do!!! I have been on the phone for the last hour or so trying to see if we can come up with the money. Finally got all our information to file our taxes, but to be honest, have not idea how they are going to turn out. I am just sick right now! I just don't know what to do! Can anyone help??? I am just sick now!

Posted: Sun Mar 04, 2007 11:48 am Subject:

Your only option at this point may be to file a Chpt. 13. I know that probably isn't what you wanted to hear, but it will save your home and you can put your other bills (including past due utilities and car payments in it.) I'm sorry to hear about this.

Posted: Sun Mar 04, 2007 12:24 pm Subject: Exhusted all means!!

I feel for you 2nband. I am in the same boat myself. Just got a Notice of sale letter yesterday. everything seems pretty hopeless right now. i am going to check into chapter 13 first thing in the morning. i am so tired of living like this. If I come up with any solutions, I will let you know about this. My thoughts are with you!!

Posted: Sun Mar 04, 2007 12:32 pm Subject:

Not that it would get you very close, but some car loans allow you to defer a payment, skipping one month, and adding one payment to the end of the loan. I've heard that you can do this either once a year, or once during the life of the loan. Whatever the case, I hope you will be able to keep your house, I was once evicted, but I can't imagine what it would be like to lose a home.

Posted: Sun Mar 04, 2007 12:44 pm Subject:

We can't file bankruptcy because ours is less than 3 years old. I just got all our tax stuff together and my husband has already got a call into the lady that does our taxes so we can get them done next week. Not sure how long it would take to have the funds direct deposited into our account (she does do them electronically), so hopefully it won't take long. She does not work for any of the large companies, (H&R Block or any of those), she works out of her house. She use to work for a company and decided to do it herself, plus she isn't very expensive either. I used the H&R block calculator and it showed that we should get over $2000 back, (I hope) and that would help get us caught up! Keep your finders crossed for us that all this can be done within the next couple of weeks!!!

Posted: Sun Mar 04, 2007 12:53 pm Subject:

Oh, they are sending us a "Loss Mitigation Packed", whatever that is. Said we needed to fill that out and send it back to them as soon as possible. Not sure what that is for, but will see when we get it in about 5 days. I am just so upset because we had been working so hard to get things back on track and were starting to and then boom!!! The guy I talked to today was real snotty about things though. When I explained to him how we ended up this way, he just made the comment that "we were adults and should have known better and put our priorities straight". Really ticked me off and didn't help make me feel any better. IN fact it really made me feel stupid! Sorry for ranting, but just a little upset right now. Forgive me.

Posted: Sun Mar 04, 2007 12:58 pm Subject:

*fingers crossed*

When I did my taxes, I e-filed, and it took 6 days to my state, and 9 days to get my federal refund. I hope yours are as timely or better.

I understand a loss mitigation packet to be some sort of repayment agreement, I think it is a plan you submit to stave off foreclosure.

Posted: Sun Mar 04, 2007 1:14 pm Subject:

Oh I hope so!!! I am just so wanting to put everything back on track! I am so tired of being in knots all the time. Here I try to be encouraging to others here on the forum and now I am on here sounding all down and such.

Posted: Sun Mar 04, 2007 1:20 pm Subject:

"I am on here sounding all down and such."

Don't worry about that. It's not like life is going the way you pictured it would right now, you're under a hell of a lot of pressure, it is perfectly normal. I hope everything ends up working out for you.

Posted: Sun Mar 04, 2007 1:27 pm Subject:

Thanks Morningstar! I appreciate that. Just got to get that faith up a little more and turn things over to the "big guy" upstairs, but boy it sure is hard not to worry about it. These damn PDL's really screwed everything up for us. Never ever again will I do something so stupid as take out a payday loan!

Posted: Sun Mar 04, 2007 3:21 pm Subject:

2nband....

You can do your own taxes!it would be cheaper than giving your money away to have someone else do it.

With the money you save you can apply to any shortages.

Posted: Sun Mar 04, 2007 3:38 pm Subject:

2nband, You can go onto TurboTax and it walks you right through your taxes and you can do it 24/7. It is also on the site for the IRS. The cost is about 70.00 for everything. That is the cost of TurboTax, and the fee that the bank that they use to funnel the retuns to and they filed my state taxes for free. You have all of the money within 15 days. Give it a shot. You could get it in today and by tomorrow you will know if the IRS accepts it. TurboTax even checks for errors.

Posted: Sun Mar 04, 2007 4:24 pm Subject:

Irish ~ That is what our tax lady charges to do all our taxes. We talked to her and she will file them electronically. I just hate messing with it and have never been good at doing the taxes and we have deductions and such, so.... My husband has an appointment with her at 9:00 tomorrow morning, right after he goes to the bank.

Just made up my mind for the rest of the night I was not going to worry about anything but enjoy my family being home all together, which isn't very often, and then see what happens tomorrow. Well, that is the plan anyway. I am sure I will be taking something to help me sleep tonight or I will be tossing and turning all night.

Hope everyone has a great Sunday evening!

Posted: Sun Mar 04, 2007 5:23 pm Subject:

Actually, If you make less than 52k a year it is free!

In addition,If you pay with a debit card it costs about $50.00.

Posted: Sun Mar 04, 2007 5:35 pm Subject:

I filed my taxes electronically about 3 weeks ago and got my state refund in 3 business days and federal in 5 . . . So if you get them in soon you should have the money in time. Maybe you could talk to the lady doing your taxes and see if she could get them done faster then a week . . .

Posted: Sun Mar 04, 2007 5:52 pm Subject:

If you are in a position where you can continue to make your regular payments, but you simply need to stall for some time to gather your past-due amount ...
I am not advocating this trick, but I have seen it done before ...

Go into bankruptcy court and file a pro se 13 case, costs about $300.00. Once you file, it will automatically stop the foreclosure as the case will be pending.

You may be correct that you can't succesfully complete another 13 since you are 3 years out of your last one -- but you don't need to complete it, you just want to buy some time. Once you file, it will take the trustee about 2-3 months to realize you were just out of a bankruptcy. He then needs to file his objections to your case and he will motion the court to dismiss the bankruptcy. By the time a judge dismisses your cases, it might be 3-4 months after you file. For that 3-4 months while the case is pending, your mortgage is under a stay of collection from initiating any foreclosures; and by the time it gets dismissed, hopefully you've saved up enough to bring your mortgage current.

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