I was stuck with a crushing sub-prime loan, they adjusted us to 9.5% and for eighteen months I was going negative, barely keeping my head above water-sucking money out of my retirement account to pay for the illigitimate ABS mortgage loan. I begged, talked to lawyers everything to get them to modify and all they would say was your wife needs to make more money, or we can drop if back to 8.25 for $1500.00. Also, as inopportune as could be. living outside city limits: our water well blew, than my refrig kicks the bucket-3K.
I was relying on bonuses that never materialized and was stupid in originally thinking I would get a better loan later.
We were 60 days late, and I heard of a woman at the mortgage company that was working with people, so I asked my wife to call her office about sending doc’s, this was my third and last attempt and I was expecting to walk from the contract, or my house, with a son graduating in June- very pleasant.
Anyway, I don’t know what she said, but I sense she gave them her emotional wrath. Later she told me she never sent my docs; they recapitalized the loan, without doc’s, and brought the loan down to what it should be-Hallelujah!!
Every day I am grateful to still have a job.