Bob
Aliso Viejo,#2Consumer Suggestion
Wed, November 07, 2007
"My spending has always been out of control so from the time I got the house in 2002 until now I've refinanced every year or just about the last two times put us in bind as the payment was alot. The last of which made through a company pulled this" That says it all! For goodness sake people.... take responsibility for your actions! Please tell me what type of gun they had pointed at your head to make you sign those loan documents? NONE! All you could see in front of you was the $$$ you were getting and didn't even consider the fact that you couldn't make the payment. Please explain how this is the lender's fault? I would to know how the lender forced the values of homes to go down so you no longer have equity. Let me guess, you are now late on your payments as well thus this has caused the credit scores to drop. Go back to renting, it's clear you are not ready for the responsibility of owning a house! Sorry for the harsh words, but go back and re-read what you wrote, it's sounds ridiculous.
Robert
Buffalo,#3Consumer Comment
Tue, November 06, 2007
""My spending has always been out of control so from the time I got the house in 2002 until now I've refinanced every year or just about the last two times put us in bind as the payment was alot."" This is your problem. You've refinances every year or so, so you've probably pulled equity each time you did this. Now that some real estate markets have slowed, and in some cases, reversed, you have a big problem. You pulled equity that the home no longer has in your current marketplace. I would suggest you consult with an attorney who specializes in bankruptcy to see if Chapter 7 or 13 protection is viable for you. With so many refinances, it's not a surprise that now no lender wants to refinance.