Author |
Message |
Mak1
Member
08-11-2002
| Tuesday, July 06, 2010 - 5:42 pm
Julie, you're welcome for my little bit of help. I wish there was much more I could do to help. I am distraught over what is happening to so many young families in our country, my dd and dsil included. 
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Glenn
Member
07-05-2003
| Tuesday, July 06, 2010 - 7:12 pm
Julie, take a minute to think of your problem from the perspective of your mortgage company. More than likely, they have had to deal with other foreclosures. In a foreclosure, the mortgage company loses money in various ways and I really think most of them will try to avoid it considering they have more than they can deal with. I say most of them because not all mortgage companies will work with you. 1. The sooner you start a conversation with them to let them aware of the possible future, the more options to choose from. 2. Just like the process of being approved for a loan seems to take forever, any process requiring the mortgage company to make another decision takes time. The sooner you can get them to start thinking, the more options you may be given. 3. Putting them in the position of making an important decision in the midnight hour before the final execution should be avoided if at all possible. 4. Start looking for the program that I think is out there to help people avoid foreclosure and is backed/supported by the federal government. 5. Don't accept no as the final answer. When someone tells you that they don't know the answer to your question, simply ask them what would they would guess to be the answer. Take that reply and find someone else to help you. Remember, anyone so far down the food chain in a mortgage company that they have to take phone calls from someone in your predicament more than likely can understand your predicament on a personal level. Even a "loan officer" is nothing more than a salesperson who feeds their family with the rewards of their next sale. Listen to them and don't consider them the enemy. 6. The penalty for early withdrawal of a 401K should be compared to what you will lose in the equity of your home should you allow it to foreclose. If your home is upside down in value to what you owe, start looking for an apartment or another house you can rent and keep your 401K. 7. Should the worst happen and the mortgage company foreclose, remember that this will not prevent you from buying another house a few years in the future. Mortgage companies are like that verse in Job, chapter 1 talking about the lord giving and taking away. The difference is that mortgage companies only make money if they loan you more money so they are more willing to give back after they have taken away. I wish you and your family the best luck because it is your home and not just a house.
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Julieboo
Member
02-05-2002
| Tuesday, July 06, 2010 - 7:42 pm
Thank you all so much!! We have talked to our mortgage co and they were so not very "human" (for lack of a better word). The guy told me what to expect when a foreclosure occurs. He offered no help, no other options, solutions or anything else. It was like foreclosure was the only thing that could happen... I am very torn. On the one hand, I feel like we should just look for an apt (but then again who would even rent to us with no steady income???) The census job is almost over and umping will end soon too). To uproot Ryan would likely kill me. (and it would devastate him.) He is a kid with some special needs. He is accepted in our neighborhood. At his age, I doubt he would be able to find friends nearly as easily as he did the first time (and even that took a few years). Abby, not really that worried about as she is a social butterfly and will easily make friends where ever she is. Uprooting Ryan is my biggest fear. It would be hard for any 11 year old. But this would change him forever. I just think it would put a hole in his heart. Home is where the heart is and his heart is in this neighborhood with these friends. Anyways, I feel if we take as much $$ as we can from the 401K, that will only stop up the hole for so long. With no definitive job plans, I think that is just too great a risk... At any rate, if unemployment benes are extended, maybe, we can find a decent enough job (or 2) before it is too late. This is my hope. And it is realistic enough that it keeps me from despair!! Thanks again for all the thoughts and suggestions. AND if anyone else would call or fax any or all of those numbers, that would be more than appreciated!!!
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Dfennessey
Member
07-25-2004
| Wednesday, July 07, 2010 - 4:25 am
Julie in your neighborhood are there any apartments just in case is does come down to that and that way you will not have to uproot Ryan?
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Julieboo
Member
02-05-2002
| Wednesday, July 07, 2010 - 5:34 am
Not in our 'hood. But there are some where he could at least be in the same school. (though those apts are kinda creepy-ish. I know cuz I "census-ed" them before!!)
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Hukdonreality
Member
09-29-2003
| Wednesday, July 07, 2010 - 11:14 am
Any chance someone might be looking to rent a house in your area? If you could get the mortgage payment plus partial payment towards renting an apartment, you could potentially save your house. If you did a 1 year lease and at the end of the year you're in better financial circumstances, you could move back home. Just a thought.
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Escapee
Member
06-15-2004
| Wednesday, July 07, 2010 - 11:59 am
Huk'd that's what many people here have done.
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Escapee
Member
06-15-2004
| Thursday, July 08, 2010 - 9:24 am
Julie, Have you considered looking into a temp agency in your area? That is how I got the job I have now. They often have the inside scoop on job openings that may not be advertised. Do you have a labor-ready in your area?
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Julieboo
Member
02-05-2002
| Thursday, July 08, 2010 - 10:21 am
We have a ManPower. That's a good idea that we have not yet tried. I think we'll both stop in or make appt tomorrow! Off to work I go, for at least another week or two!
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Julieboo
Member
02-05-2002
| Thursday, July 08, 2010 - 10:22 am
Hukd, thanks fo your idea, too. We'll keep that one "on file!!"
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Scooterrific
Member
07-08-2005
| Thursday, July 08, 2010 - 11:13 am
Julieboo...Taking your money from your 401(k) is a good choice...yes it will only provide money for so long, but so does unemployment, no? Taking a distribution from your 401(k) would pay your mortgage for a time and then hopefully something turns up in the mean time. Just my 2 cents.
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Escapee
Member
06-15-2004
| Thursday, July 08, 2010 - 12:12 pm
We have a ManPower. That's a good idea that we have not yet tried. What have you tried? Maybe we can offer some different ideas to things you may not have thought of in the job search area. My husband found his job through hotjobs. There is also Monster and craigslist that have job listings. Honestly if it were me, and I was at my last resort of possibly joining the military or losing my house, I think I would be applying at every fast food joint, starbucks, pizza hut, grocery store, retail outfit, etc. Some income is better than none. From what I understand, you live in an Urban area, right? There is bound to be something if you and your husband take turns pounding the pavement. My sister is currently looking for work, but she seems to think applying once and waiting is going to work for her. I explained to her that she can't sit around and wait for something to fall into her lap, get out there apply, and re-apply! Of course, you may have already considered all of this. With school starting, places like Target and Kohl's often hire additional staff between now and the holiday season. Have you considered maybe doing daycare out of your house?
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Hukdonreality
Member
09-29-2003
| Thursday, July 08, 2010 - 2:50 pm
I might also suggest that if there is an opening that you or your husband are really excited about, offer to the potential employer that you will work a week or two unpaid just to show them how hard of a worker you are. If at the end of that time, if they're not happy with your work, you'll thank them for the opportunity and move on. Maybe somewhat dramatic, but you have to show them that YOU want the job more than others do and you'll go above and beyond expectations.
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Nickovtyme
Member
07-28-2004
| Saturday, July 10, 2010 - 9:09 am
Ummm...I told one of my bosses to F himself yesterday. But hear me out.... I have been working 60 hour weeks for the last couple of months trying to get things caught up. We are so far behind in our inspections and service calls and for a certain contractor...we had a deadline yesterday. Look, one reason we are so behind is because several people have quit and I was the only one running around the state taking care of inspections. This guy kept pulling me off of this work, in order to get some petty...wink-wink, nudge-nudge, good o' boy jobs done. I've been working over to make up for the lost time on important jobs. Yesterday the deadline comes and I'm trying to get it done and he comes up to me and asks can I go take care of this little job...I told him I wasn't worried about that little job, cause I'm trying to get this other stuff done so we don't lose that contract. I said I didn't have time for it...and he was like "Oh You " that's a direct quote...So I said, " You John" and walked away. I totally blew up at him and had all could take of it and him. As I was walking away he came after me, calling my name and tried to play it off that he was joking... Oh and btw...everyone within hearing distance applauded me cause nobody likes this a-hole and I'm not in fear of losing my job. I just had enough and told this guy what everybody else was wanting to tell him.
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Nickovtyme
Member
07-28-2004
| Saturday, July 10, 2010 - 9:12 am
I guess that really wasn't a gripe, but just wanted to put it out there...
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Julieboo
Member
02-05-2002
| Saturday, July 10, 2010 - 11:39 am
Nope, we're not in an urban area. Not quite country, but close to it. Yep, we have exhausted many avenues, up to and including Starbucks, Home Depot, Pizza Hut, etc. (Heard back nada from any of 'em!!) Maybe we should lie about our work experience. I have a feeling we are 1000X too overqualified... We are both working 40 or more hours right now, him with umpiring and writing for the local paper and me with the census. Then add housekeeping, yardwork, more yardwork, parenting (scouts, baseball, VBS, etc) among other things, and we don't have the hours we had to devote to job searching we did a few months ago. Once fall/winter hits, the census is over, baseball season is over, we'll have more time and hopefully we'll see some more opps. Our credit is still excellent. We don't have debt other than our mortgage. Too bad we can't get refinanced now with that awesome 4.5% 30 yr. fixed rate! (Pesky banks want proof of stable income.) That alone would let us keep the house. A catch 22 for sure.
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Juju2bigdog
Member
10-27-2000
| Saturday, July 10, 2010 - 2:10 pm
Sometimes you just gotta blow Nick.
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Alwayzmovin
Member
11-06-2003
| Saturday, July 10, 2010 - 3:27 pm
That's what she said!
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Juju2bigdog
Member
10-27-2000
| Saturday, July 10, 2010 - 8:58 pm
Oopsie, left out a comma, hahahahaha!!!
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Debra
Member
11-20-2003
| Sunday, July 11, 2010 - 4:55 am

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Nickovtyme
Member
07-28-2004
| Sunday, July 11, 2010 - 6:56 am
Ha! That's pretty funny...but y'all don't understand. I try my best to get along with everybody and for someone to push me over the edge like that is quite an accomplishment.
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Pamy
Member
01-02-2002
| Sunday, July 11, 2010 - 8:52 am
LMAO @ Juju!!!! after the day Nick had leaving out that comma might just be what the doctor ordered!!!! Nick, because you are that type of guy is why that boss ran after you kissing your ass. He KNEW he was way out of line. ps Im still trying to figure out a 5 letter word he called you, can you give me the first letter?
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Glenn
Member
07-05-2003
| Sunday, July 11, 2010 - 9:31 am
Pamy, think of your animal farm name.
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Dogdoc
Member
09-29-2001
| Sunday, July 11, 2010 - 10:56 am
I know Pamy's Animal Farm name. lol
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Pamy
Member
01-02-2002
| Sunday, July 11, 2010 - 1:54 pm
aahhhhhh TY Glenn!!!! damn! you get sue your boss for sexual harrasment for that one!
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