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I admit to being out of my depth here, so this really is just a question and not an assertion. But wouldn't the right thing to have done there would be to conti

I admit to being out of my depth here, so this really is just a question and not an assertion. But wouldn't the right thing to have done there would be to continue putting the entirety of your mortgage payment, every month, into an escrow account with your local clerk of court? I know this is the proper thing for a renter to do when there's a grevience with a landlord that could result in him filing eviction. I'd imagine a judge seeing this, when they file foreclosure, would look favorably upon your good-faith efforts to pay a debt you obviously owe.

phlux 16y ago
I did keep the money that I was paying on my mortgage - until I lost my job and was going through a divorce. My circumstances were farked in multiple ways... The amount I was making on my income was less than required for all my bills - as we had joint income of around ~250K. After we split, and then later I lost my job - I had to make decisions on what to pay: utilities/food/gas etc.. which took away from what I had saved for the mortgage - when I was finally contacted, via the foreclosure notice - which was the first and only communication from the new lender - I didn't have the total amount and was farked.
- dennisgorelik 16y ago
  What would have happened if your original bank did not sell your loan and kept asking you for monthly payment as usual?
  - phlux 16y ago
    Well, for one - I would have paid until I lost my job and split - and I would likely have had a better "relationship" with the bank as I had never missed a mortgage payment or made it late in the 4 years i had the place. However - I was obviously just some number to the bank given that they heartlessly sold my loan as some lump sum group of loans out without notification or explanation - so I can only speculate....
    - dennisgorelik 16y ago
      Did you offer them ~$20K (instead of full $30K you owed) in exchange for restructuring your debt? If yes - what did they reply?
      - phlux 16y ago
        @dennisgorelik : Yes, I offered them everything I had, asked to refinance - filled out all their forms for refi - got a re-appraisal - sent them new employment info once I got a new job and they refused to work with me. They said, quote: "You make too much money for us to help you" - but with divorce, bills, child-support - I couldnt affor the 3600 a month mortgage any longer.... Now I can only afford about 1400 a month.
        dennisgorelik 16y ago
        So now they got foreclosure on their hands?
    - phlux 16y ago
      @dennisgorelik : Yes, I offered them everything I had, asked to refinance - filled out all their forms for refi - got a re-appraisal - sent them new employment info once I got a new job and they refused to work with me. They said, quote: "You make too much money for us to help you" - but with divorce, bills, child-support - I couldnt affor the 3600 a month mortgage any longer.... Now I can only afford about 1400 a month.

phlux 16y ago

I did keep the money that I was paying on my mortgage - until I lost my job and was going through a divorce. My circumstances were farked in multiple ways... The amount I was making on my income was less than required for all my bills - as we had joint income of around ~250K. After we split, and then later I lost my job - I had to make decisions on what to pay: utilities/food/gas etc.. which took away from what I had saved for the mortgage - when I was finally contacted, via the foreclosure notice - which was the first and only communication from the new lender - I didn't have the total amount and was farked.

dennisgorelik 16y ago
What would have happened if your original bank did not sell your loan and kept asking you for monthly payment as usual?
- phlux 16y ago
  Well, for one - I would have paid until I lost my job and split - and I would likely have had a better "relationship" with the bank as I had never missed a mortgage payment or made it late in the 4 years i had the place. However - I was obviously just some number to the bank given that they heartlessly sold my loan as some lump sum group of loans out without notification or explanation - so I can only speculate....
  - dennisgorelik 16y ago
    Did you offer them ~$20K (instead of full $30K you owed) in exchange for restructuring your debt? If yes - what did they reply?
    - phlux 16y ago
      @dennisgorelik : Yes, I offered them everything I had, asked to refinance - filled out all their forms for refi - got a re-appraisal - sent them new employment info once I got a new job and they refused to work with me. They said, quote: "You make too much money for us to help you" - but with divorce, bills, child-support - I couldnt affor the 3600 a month mortgage any longer.... Now I can only afford about 1400 a month.
      - dennisgorelik 16y ago
        So now they got foreclosure on their hands?
  - phlux 16y ago
    @dennisgorelik : Yes, I offered them everything I had, asked to refinance - filled out all their forms for refi - got a re-appraisal - sent them new employment info once I got a new job and they refused to work with me. They said, quote: "You make too much money for us to help you" - but with divorce, bills, child-support - I couldnt affor the 3600 a month mortgage any longer.... Now I can only afford about 1400 a month.