I purchased my house in Fort Myers, FL in March 2004. In December 2005 I lost my job. I was not able to find employment in my career area in the location and needed to relocate to Minneapolis, MN in June 2006. We put the house up for sale and my family soon joined me in August 2006.
By January 2007, my husband still had not found a new job and we entered into a deferrement program with Chase. We were eligible to be in the program for 6 months due to the house still on the market and my husband was currently looking for employment. July 2007, we needed to pay the amount from the deferrment program or take the house off the market and refinance or face foreclosure. We could not afford amount due, we could not rent the place due to the increase in the association fee and insurance and our son was having some medical issue.
In August 2007, we were served foreclosure papers. We were scheduled to go to court in February 2008. During this time frame, I attempted to work with Chase and filed for a deed in lieu of foreclosure. We were denied because we had a second mortgage. The court date in February was canceled due to Chase not sending all the required paper work to their attorney.
In the spring of 2008, we had listed the house as a short sale and we had an offer. However, Chase refused the offer due to the fact the offer was $60K less that the mortgage and second mortgage and what they appraised the house. Also we didn't have a final sale date, so there was no additional hurry. A few houses in the area were listed and selling for actually less than what we were offered in the short sale.
The summer of 2008, I took he house off the market and shut off all utilities. I have not been to the property since June 2006. I do not know what the inside of the house is like as there has not been any air conditioning running during the summer months which raises the risk of mold.
After contacting Chase and their attorney serveral times and being assured that there would be a court date within three months, we finally had a court date for March 2010. I was told by Chase and their attorney that this court date was for final judgement and that I should have the final sale date.
The morgage is in my name and the title to the house is in my name and my now ex-husband. My exhusband was received notice that the court hearing in March 2010 a order to quashing the process was entered by Fannie Mae. The courts ruled in favor of Fannie Mae.
At this time, the house remains in limbo. I do not know what I can do to get this resolved. In June, it will be 4 years since I've been at this house. I have a collection agency trying to collect on the second mortgage, which paid for all the appliances and improvements within the house. I do not have the additional money to pay this. There is also a large bill from the association. Which since moving to the house, the association fee rose $200 a month.
I don't know what to do. I don't think it will ever go away and I will never ever be able to own another house.