Mary

The reason is that I lost my job 3 months ago, so we've been having a hard time making ends meet on one income. We contacted our Mortg Company (Wells Fargo, Lienholders on our 1st and Equity) to let them know of our Hardship and to see if they would be able to work out any sort of a Temporary Loan Modification. Eventually they declined our request as they insisted on including my husbands unguaranteed Overtime Earnings in their number crunching process to determine if we qualified for Temporary Assistance. So in this case, our lender WILL NOT work with us, they only have their hand out to us. Now we're looking at reducing our total debt and know that we could buy a house in Maricopa, AZ (85239) for $85,000. So that's where we are, we've never skipped a payment on either of our mortgages, our Mortgage company will not work with us, and we're now considerring the process of getting a cheaper home and "walking away" from this home. It's certainly not an easy decision, though, it is a strong possibility.. - Mon Sep 29 2008, 08:53

I forgot to mention that we live in Phoenix, Arizona. Thanks in advance for your help w/our question! - Sun Sep 28 2008, 18:56