My husband is currently paying off a chapter 13.in September of we needed some extra money to buy my son some very important items for college. Things like a car, computer and a musical instrument (He is a music major).in our desperation we decided to see if we could get our home refinanced.
We searched until we found Ameriquest Mortgage. We didn't think we would get any where, we tried anyway. They contacted us and informed us that I could re-finance in my name. We did. Un aware of what was happening, we made a huge mistake.
We were told that my husband could contact the bandrupcy court and request a reduction because the mortgage had been paid off to the previous company. We could not. He is still paying what he was before the loan was taken out. The mortgage is in my name right? Well, my place of employment is not listed on the documents. They listed that I have a 401K. I do not. My husband does but his name is not on the mortgage. My husbands income is listed on the loan not mine. They said it was as if I was purchasing the house from my husband. I am so distraught. I only owed $42,000 on my house. Now I owe $88,000. I am so sick that we did this. I don't even know how much the house was appraised for. I do know that we should not have gotten that much. It just doesn't seem right.
We are paying over $1600 a month. Why? My husband is still paying $800 to the bankrupcy court every month and our mortgage payment is $864 a month. We both work but we do not make enough to support this. We are actually $800 a month in the minus paying our other bills. We are currently behind on our mortgage because we have to pay our utilities. We also have 3 children to support. We are unable to buy our groceries at times.
We called Ameriquest and told them the circumstances. Talking to them is like talking to a brick wall. They had the nerve to ask us to borrow money to catch up the payments. If we borrow money, how will we pay that person back? They even brought up payday loan. What a rip off.
We were also told that they can't accept just one payment. They have to have all 3 months payed at one time. This is their policy. I thought they were supposed to work with you in times of trouble.
I am at my wits end. My son is away from home and I worry about him not having no money. We can't even send him the money he needs to survive.
I don't want pitty. Something has got to be done about people like this. This is crazy. Can anyone help?
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