Prayers/Thoughts Please

[PrncssZ]

UPDATE 10/30: I should hear back from a finance lady tomorrow to see how much I'm prequalified for. I want to thank Morrigoon (sp? Sorry) SO incredibly much!! She introduced me to some great people! Morrigoon: The realtor is great!

So yeah that's basically all. Looks like I'm on my way to buying a house! If you ever need anything with realty Morrigoon is the lady to go too.

I want to thank all of you other Micechatters for your thoughts, prayers and advice. It helped me a great deal knowing there were people who really cared even though they have never met me. Thanks.


9/27 Okay...so I've never been one to openly share what's going on in my life..at least negative things. However, you guys are the greatest and I just needed someone to talk with, so I'm posting here.

Here's the quick recap July 29,2005 my stepfather calls and says he's staying in AZ, doesn't love my mom and is stopping all paychecks. But miracously we survived on my tiny retail paychecks and made it. Mom got the house in her name in December which raised the house payment. We still survived though. I know God has a plan for us but right now it's so foggy we don't even have a hint as to what it could be.

Ever since I started working as a teacher in August it seems like everything has hit us, and hit us hard. I live with my mom and 15 year old brother. Mom's been behind on payments and had bad credit since the mean person stopped his paychecks. So she went to see a financial advisor today (he's a family friend so we knew he'd be honest). Well it turns out that basically it comes down to selling the house or letting it go into foreclosure and Mom filing bankruptcy...but that kinda leaves us without a place. We have a bunch of animals so there's no way we could rent a place either.

Mom said that if she stopped making the house payments and let it go into foreclosure then she wouldn't have to file bankruptcy. So I'm looking into finding a house I could afford to buy because I have good credit and a secure job.

I just needed to get that out because I am so stressed out and upset. But I keep thinking maybe this is good because when my ex-stepfather comes into town he always thinks he should be able to do whatever he wants at this house... so maybe it's a blessing in disguise? My main worry is I won't be approved for a loan large enough to buy a house...so I guess we'll wait and see....

Thanks for listening guys.

[Hakuna Makarla]

Re: Prayers/Thoughts Please

Oh man, this just stinks big time. I will be praying for you and that you will find a place foryour family and the rent is awsome, and you can have your pets Sending hugs your way and lots of Prayers to!!

[BFJen]

Re: Prayers/Thoughts Please

Good luck with everything! Feel free to vent here anytime!

[SCUBAbe]

Re: Prayers/Thoughts Please

has she called the mortgage company? there may be something they can do to help her out. Also, if someone is filing bamkraupcy they may not be able to foreclose, but I'm not sure.

[PrncssZ]

Re: Prayers/Thoughts Please

has she called the mortgage company? there may be something they can do to help her out. Also, if someone is filing bamkraupcy they may not be able to foreclose, but I'm not sure.

There's nothing the mortgage company can do because her credits so bad. She tried to refiance a few months ago. The financial advisor said to let the house foreclose then file bankruptcy.

Thanks for all the nice words guys. I knew this was the right place to come.

[MTNGIRL]

Re: Prayers/Thoughts Please

I believe Scubabe might be correct. I believe that if you file for bankruptcy they cannot foreclose on your primary residence.

I'm so sorry that this is happening. To have had such a good run and have it come crashing down must be very overwhelming.
I'm sending positive thoughts your way that it all works out.

[Stitchy]

Re: Prayers/Thoughts Please

God bless you, Honey...and here's a tip that might help...start going to banks, finance co., etc...and asking if they have any houses for sale. My parents bought their house from a bank...it was one that was just left there by the people who owned it, the bank took it back...they can only sell the house for what is owed on it. Their house is worth at least $60,000...probably alot more since the hurricane, but, they only paid $34,000. You will be in my prayers.

[CrystalCastle]

Re: Prayers/Thoughts Please

First I just want to say how sorry I am you and your family are going through all this. You are in my thoughts.

Second, have your mom talk with a bankruptcy atty. You can get a free consultation I believe. There are exemptions in every state for your house. A bankruptcy attorney can tell you what it is for where you live.

Good luck!!!!!

[FantasyWatersDude]

Re: Prayers/Thoughts Please

Best of luck to you!!!

[MsKaren]

Re: Prayers/Thoughts Please

Good luck. Keep your chin up and tell yourself eveything will be alright. It might not look like it right now but things will get better.

[BDBopper]

Re: Prayers/Thoughts Please

PrincessZ,

My thoughts and prayers are with you. I hope that things turn for the better for you really soon.

[penguinsoda]

Re: Prayers/Thoughts Please

Man... that is terrible!!! Hugs for you and your mom! :squeeze:

In California right now the housing market is starting to flatten out a bit. I don't know exactly what part of So Cal you are in, but real estate is not moving as fast as it once was. This is to your advantage, it is turning more into a "buyer" market again. I suggest that you do as Sticky-poo suggested. With all the people getting adjustable mortgages during the recent boom, unfortunatly many other people are having to let their homes go, and you might be able to qualify for a good deal.

As far as the forclosure/bankruptcy thing... yeah, each states laws are different. I know the financial advisor is a friend and you trust them, but it might be worthwhile to look into a free consultation with someone who might be better versed in the laws of California in this area. Someone who is strictly a financial advisor might not be up on the exact laws specific to this.

And know that at any time, you can come in here and vent away and we will always be willing to listen. Plus we have a lot of people around here that are a wealth of technical info!! You can always PM me to if you ever need just an ear!!!

Hang in there... things seem to happen for a reason. We many not know why or understand them at the time, but whatever happens is because is will lead to something better down the road.

[socaldisneygal]

Re: Prayers/Thoughts Please

Since you are a teacher now look into the teacher loans through CTA, or your local union. They are usually lower interest, and they will help with the down payment (usually it is a defered 2nd) if you want to try to buy the house. Good Luck!!

[PrncssZ]

Re: Prayers/Thoughts Please

Since you are a teacher now look into the teacher loans through CTA, or your local union. They are usually lower interest, and they will help with the down payment (usually it is a defered 2nd) if you want to try to buy the house. Good Luck!!

Thank you so much for that advice! My mom has a friend who works at Wells Fargo and said I could get a lower interest rate, but maybe I'd be more easily approved through a CTA loan company.

Thanks to all of you for all your thoughts. It really does make me feel better knowing people care. (outside of family)

[disneyfan07]

Re: Prayers/Thoughts Please

hey kiddo,


The best thing that you can do is pray. God does answer prayer. He knows all that we need. there is nothing that he cannot do.


I will pray for you.

dont give up sweetheart. God loves you and I love you.

[PrncssZ]

Re: Prayers/Thoughts Please

Just wanted to update you guys on what was going on. So I found out that my union and our family friend who works as a mortgage broker at a bank have the same mortgage deal. She even said she could hook me up with a good realtor to help me keep prices down. Tomorrow I go in for an appointment to see how much I can be pre-approved for. Keep praying! We're on the right track!

[frecky]

Re: Prayers/Thoughts Please

Good luck and let us know what happens!

[Hyperbole]

Re: Prayers/Thoughts Please

Just wanted to update you guys on what was going on. So I found out that my union and our family friend who works as a mortgage broker at a bank have the same mortgage deal. She even said she could hook me up with a good realtor to help me keep prices down. Tomorrow I go in for an appointment to see how much I can be pre-approved for. Keep praying! We're on the right track!

I'm not sure where in SoCal you are, but MiceChat's own Morrigoon is a Realtor. If you need an agent, you could keep it in the MiceChat family!

[PrncssZ]

Re: Prayers/Thoughts Please

I'm not sure where in SoCal you are, but MiceChat's own Morrigoon is a Realtor. If you need an agent, you could keep it in the MiceChat family!

Actually I was thinking that too But I'm in Bakersfield.

So I went to see our home mortgage friend and she turned me over to an experiment in the program. He was really nice and everything and said he would be in this morning (Sat) to process it and will call whenever he finds out anything. So Mom and I are going house hunting just to get an idea for what's available around us.

And on another great note our mortgage friend has connections with a realtor who deals with situtations like ours all the time and says he could sell our house. That would look so much better (and make us feel better) knowing our house sold and didn't go into foreclosure.

Once again thanks for all your kind words, prayers and support. :ghug: Hugs to all of you.

[quiltmaker]

Re: Prayers/Thoughts Please

I hope things work out for you. I'm glad someone else mentioned looking for a loan through CTA. I'll be praying that you find a buyer for your current place and that you find a good place you can afford.