We posted our software to get a mortgage loan modification with Lender of America on June 9th of 2010. It was after a preliminary denial the prior summer along with a following phone recommending we use again. Today, after eight weeks of dickering and continuously requesting increasingly more info we've been informed our demand continues to be refused which our difficulty wasn't serious enough. Considering the fact that I went from the almost six-figure revenue last year, to $10K this year being an under-employed salesman, I'm in a reduction to comprehend what subsequently is really a difficulty? We're living off our savings and also the revenue of my unacceptable mom who I take care of within our house 24/7. I quit my last company once they reduced my pay and needed to provide my mom into my house to take care of her when I might no further pay to possess her looked after at an assisted living center. I don't obtain unemployment or every other monetary help assist take care of my mom. I WOn't spot her in a medical home whilst the quality of treatment such amenities within Atlanta is, about the average, substandard. I assured her I'd take care of her so long as I'm capable. We're hardly finding by which is just by removing cash from our 401K that people have were able to endure this this past year 5. But at this time our savings are nearly eliminated but we're being informed our difficulty isn't serious enough. I just want we'd exactly the same possibilities the banks had once they requested their bailout money-back in 2008. They completed a two-page request type and just needed to ask just how much they desired. At this time I'm unsure what we are able to do. Easily might refinance it'd possibly aid, but with my present revenue scenario, and also the dimension of my mortgage, no lender within their proper brain might consider me it doesn't matter how present we're on all our expenses. We've not had a late-payment in several decades but that may quickly alter below once our savings are eliminated. I'm simply discouraged and also to place it moderately, frustrated in a program that prefers the wealthy in the cost of everybody else.
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