We lost our business in '09 (average sales of 5 mil per yr. Hurricane Ike and Rita along with econony killed us) we previously owned commercial property and of course our home. We refinanced our home to purchase our commercial property. We had originally purchased our home for $139k in 1998 then refinanced it in 2006 for $178 and had it paid down to $163 when we went out of business in '09. In '09 we paid a mitigation co $2500 to file for us and stop foreclosure on our home. We had an adjustable rate mortgage and our payment was going up, our tax and insurance was not inc;uded in our monthly payment and we were having a tough time as we no longer had the monthly income we were used to. I was living on SSI from being diagnosed with a rare blood disease and my husband was making only $40k per year. With 5 children, needing to have a nice running vehicle for his sales job in order to keep his income we were not making ends meet at all!! NOR COULD WE QUALIFY FOR FOOD STAMPS!! Anyway, we waited for a year for the company we paid $2500 to do the Obama mitigation on our home and they were giving us a major run around!! AHSMI whom was our then morgage company said they could mitigate our loan under the Obama plan within 1 week!! Well, they did, but now we owe $220k on our home when its worth less than $150k the house is falling down around us, we're not sure if we have insurance, we are 30 days late on our mortgage payment and could loose our home.. all because we trusted our mortgage company! I CANNOT BELIEVE THESE COMPANIES CAN DO THIS TO PEOPLE!! IN THE NAME OF THE PRESIDENT OF AMERICA!! THANK YOU MR. PRESIDENT!! NO WONDER YOUR APPROVAL RATING IS SOOOOO HIGH....NOT!! :-/
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