I bought my home 5 years ago coming out of a car crash relationship, of course, with barely just my savings in tact and a new job. My lender got me an ARM with First Franklin which I was expecting to refinance within 2 years. One year later I lost my job and did some contracting to keep up finances. Being in the computer consulting business, then came the 'OFF-SHORING' all of American corporations decided was a GREAT savings. For them, not for me.
Then, I was in an auto accident and unable to work for over 6 months. Being self-employed and unable to work for 6 months can be damaging, but I managed to pay my mortgage - BARELY.By now my interest rate was up to 11%! Returning to the workplace was difficult. At the pennacle of the real estate market I ren-newed my real estate license. Need I say more.
Not only has First Franklin refused to deal with me on a hardship basis, they are asking me to short sell or foreclose my home. With my credit in the toilet, I can't even get an apartment or a job. The first thing they check is your credit! Forget re-financing. AND, they start calling me on the first day of the month, although I have until the 15th. I was told they do that to people who do not have an automatic withdrawal and they would continue to call everyday until they recieve my payment. The number they call from has been configured to 'NO SOUND' when they call.
If there is any way out of this situation I would take it. I have some overpasses already lined up.
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