Another Follow Up Phone Call...

A telephone call to my HUD Counselor Andre. Proves fruitless as expected. But I make the calls, I fear if I do not I will be seen as an irresponsible hoemowner. I know that sounds crazy when I'm clearly doing all that I can to recoup my happy house hold and start paying on my mortgage. I feel so inadequate in my current situation. Knowing that hundres, thousands and millions of other homeowners are in my same position does not help. In fact it causes greater fear. Because it makes me feel disillusioned, is this really happening? Are millions of families going to get displaced and lose shelter at our own governments hands? What do we call this man made disaster? Hurricane BUMA? (BU-Bush MA-Obama) Who will help us the strongest and supposedly one of the richest nations? Is there no one to come to our rescue? Sadley no. We must come together, take back the reins and govern ourselves.

I'm a little bit calmer today

I spoke with Andre my HUD Approved Counselor at The Sacramento Urban League and he has assured me it is not necessary to try to mail in a payment at this point with having to extend sale dates and all. He did not say that specifically but that was the point. His point were 1. Bank Of America will not accept a payment at this point. 2. As far as proof of trying to come to a resolution. Working with him is proof. 3. If I am not approved for the HAMP there are other alternatives still to turn to. Now I felt a little better and thanked him for his quick response. He confirmed todays sale date has been extended one more month... Though I am thankful to hear there are still options if I am denied. I am not ready to inquire about those options. I can not think about trying something else at this point. It would absolutely not make sense that I would not qualify for HAMP. I so do not want to go into another year of not knowing what my mortgage future holds. But I am almost certain that is likely to happen.

Should I mail a mortgage payment in to Bank Of America?

I emailed Andre my HUD Counselor tonight about trying to make a payment on my mortgage. I know that my file is in a certain computerized system within Bank Of America and finding the account in the payment center would not be likely. However that being said I would have proof that I have attempted to make my mortgage payments and I think if I had to go to court it would be a tool in my favor. I will see what Andre has to say tomorrow about my thoughts. I know what I expect him to say. I know what he has told me once alreaady. That since I am in foreclosure my payment would just be returned to me. But will it help me in court to show the effort?
Below is the email I sent to Andre.

"My brother keeps insisting I should mail my old mortgage payment amount to Bank Of America. That even if it is sent back to keep sendig in the $1460 each month in an attempt to pay. To keep all the documentation if the check is returned so I can show the court that I can make my payments and have attempted to make my payments but that Bank Of America will not work with me. His point is that it will look better if I have to go to court. I admit if I do this at least he is correct I will have proof of attemting to pay my mortgage and I will also feel like I am doing something finally.

I know you said that they will most likely just mail it back and I also know how convoluted the banks system is and the department that recieves mortgage payments most likely will not have my mortgage information n their systems.
But I am feeling pressure to do something.
My online search of any successful Bank Of America HAMPS through a HUD Counselor is not proving any helpful information. I am trying to find any support that can help me feel a little more confident that my HAMP will go through. I am hearing almost daily that more and more foreclosures are happening and the gossip is that banks are avoiding working with homeowners to try to shift the finanial outlook to benefit the investor. Some are speculating nothing will happen until after the new year. I could really use some words of guidance and support if you have any. Thank you, I will call you after work tomorrow"

The Mid Week Follow Up Phone Call

I feel the stress come over me just thinking about the call I need to make today to my HUD counselor Andre. I do not think he will have any information for me since I am convinced the bank is doing all it can to postpone making any descisions on any of the Mortgage modifications. Mine included. I believe the bailout has given the banking institutions what they needed to sustain themselves for the most part and that foreclosing is carrying the banking institutions further along to wait out the economic crisis until it is favorable to the finacial institutions favor of coarse. I am putting the dissapointing call off untill this afternoon. I will however email Andre and let me home I will be calling later today.

Waiting For A Response From B of A Is Killing Me.

I am doing the weekly telephone calls to Andre my HUD counselor and he is in turn calling the reviewer at Bank Of America. It feels like a cat and mouse chase. A series of no answers, awaiting returned telephone calls, left voice messages etc. etc. between myself, Andre and Bank Of America. I am dpressed and everything that happens in my life that is stressful just adds to the depression. Normally I am an upbeat high energy positive person. With all the un answered questions and crumbling lives around me. It is hard to stay positive and up beat. Wednesday my little brother informs me that while he thought he was still in negotiations with his bank. He has recieved a notice to vacate on his home. It is absurd that the departments do not communicate with each other. My brother had just sent in a new financial packet the week before. Isn't that saying you are still being reviewed?
My fear is that Bank Of America is pushing completion of my HAMP in the hopes that with more time the financial loss will be high enough for my HAMP to be denied. As it was reviewed by the HUD approved counselor that my "numbers" looked good and there is "no reason for me not to qualify". It is clear to me and from what I have read online and in the papers that the banks have their bail out money and also agreements in place with the government will compensate certain losses if they have to foreclose properties and the loss is below an agreed upon percentage. Why is this happening?! So basically the banks now evaluate if the investors will benefit by negotiating with the homeowner or by foreclosing and reaping the difference covered by the government. Am I hearing this right?! The homeowner is not even considered in the mix. It doesn't even matter that families everywhere are being displaced, that communities are falling apart. America will soon be owned and run by Investors and Corporations and families will be forced to rent only. If the banks would at least fast track the HAMP submissions by the HUD approved counselors then they could get money circulating again. Forget the "stimlus money" forget the banks moving money. It is just not going to happen. The Banks are waiting it out and homeowners are on hold with there files being shuffled from department to department. Documents are lost or the file is assigned to someone new and the financials have to be resubmitted. This is happening everyday, over and over again. Where is the government now?
And me, I wait through the "he is on vacation", " I left a message", "your still in review and they have all your documents", "I should hear something by Wednesday", " I have requested another extension of the sale date". I am disillusioned and left sad. I pray nightly and whenever I feel the need through out the day for a good outcome.