Foreclosure is lurking just around the corner for us, and even though we have not made our house payment, we have had trouble saving enough money to pay cash for a decent camper to live in. I am afraid that at the age of 58 I will be living on the street in the near future if we cannot get situated. We hope this recent problem with the banks trying to pull a slick one over on the foreclosure process, will delay our foreclosure. We just need a little more time before they come and take away our home of 20 years.
We knew that NACA and the modification process would not happen, but thought we should try to look good at least. We cannot afford to rent in our area because it will be as much as the unafforadable house payment we have or even more. Since my husband and I are both disabled, there will be no jobs for us in the future as well. Hard enough to get a job when you are healthy nowadays.
I think we are about ready to build a shack out in the middle of nowhere and live off the land. There has to be something better in life than working all your life and putting your heart and soul into your home only to have it taken away from the greedy banks. They won't even sell your home back to you.
You would not believe how many homes are sitting vacant in St. Lucie County, Florida. I can count at least 10 of them that have been foreclosed in my neighborhood and within a 1/2 mile radius. This is why our home of 20 years is worth less than what we paid for it 20 years ago. THE AMERICAN DREAM IS DEAD!
The only people owning homes here will be the very poor that qualify for Habitat for Humanity or the very rich. I see friends, neighbors and relatives who are losing their homes and it is not a pretty sight. I just wonder how the banks think they are going to sell all of these foreclosures when no one will have any decent credit after they foreclose on everyone. Even if our credit didn't get ruined, I don't know if I would want a mortgage again. I really don't trust the banks anymore and want nothing to do with them.
Does anyone else feel this way too, or am I the only one?