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Are you in mortgage trouble? See the results of this poll.

Administrator Emeritus

Are you in mortgage trouble? See the results of this poll.

If you’ve had a recent experience seeking mortgage loan relief... or you're just beginning to be concerned about your mortgage... or you're considering banktruptcy... or you’ve simply had some experience with the mortgage crisis, then please share what you've learned with the community!

And if you haven’t done so yet, please vote in our latest poll. Thanks!

 

Poll results:
* I’ve already gone through foreclosure or forced sale (7%)

* I’m not behind but I fear future trouble (13%)

* I’m currently late on at least one mortgage payment (13%)

* I’m not in trouble and not worried (47%) 

* Other? (20%)

Total Votes: 15



Message Edited by Barry on 06-19-2009 10:03 AM

Formerly consumer affairs manager, media spokesman and myFICO Forums community manager at FICO, I'm now freelance writing for CreditCards.com and my own site, SpeakingOfCredit.com.

Message 1 of 13
12 REPLIES
Senior Contributor

Re: COMMUNITY POLL: Are you in mortgage trouble?

Hmmm...where's the poll??

 

I'm not in "trouble", but I'd sure like to refi!  Smiley Wink



Starting Score: 02/2015 TU 709 - EQ 676 - EX 729
Current Score: 04/2017 TU 754 - EQ 757 - EX 747
Goal Score: 850

Bury me in the garden...last app 08.09.15

Message 2 of 13
Moderator Emerita

Re: COMMUNITY POLL: Are you in mortgage trouble?

Oh, good, I'm not the only one who can't find these things! Click back to the main Community Poll page, that lists all the threads, and you'll see the poll there.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Message 3 of 13
Senior Contributor

Re: COMMUNITY POLL: Are you in mortgage trouble?

I'd like to think I'm an intelligent person...but I'm still seeing no poll. 


Starting Score: 02/2015 TU 709 - EQ 676 - EX 729
Current Score: 04/2017 TU 754 - EQ 757 - EX 747
Goal Score: 850

Bury me in the garden...last app 08.09.15

Message 4 of 13
Moderator Emerita

Re: COMMUNITY POLL: Are you in mortgage trouble?

Try this link:

http://ficoforums.myfico.com/fico/board?board.id=pollboard

Look for the green heading.

Believe me, I've gone through this myself.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Message 5 of 13
Highlighted
Moderator Emeritus

Re: COMMUNITY POLL: Are you in mortgage trouble?

What about an option in the poll for those who don't have a mortgage, or own their property free & clear.
Message 6 of 13
Valued Contributor

Re: COMMUNITY POLL: Are you in mortgage trouble?

I considered a re-fi, but found out that most of my equity has dried up, as has most others I suppose.  They wont talk to me since I have  less than  20% equity now.  After 17 years of a perfect mortgage history, ( never late and never missed a payment ), my own mortgage bank wont even talk to me.  Well, when things turn around,  I will be seeking a new loan from a different bank.  You know what they say about pay-backs.
FICO 08
TU 839 11/11/17
EX 833 11/11/17
EQ 837 11/12/17
(NASA 30K) ( Amex 38.6k ) ( Freedom 10.6K ) ( US Bank Cash+ 20k, LOC 15k ) Winners never quit, and quitters never win
last app 5/15
Message 7 of 13
Senior Contributor

Re: COMMUNITY POLL: Are you in mortgage trouble?

For those in some other category, choose other in the poll. It's what I did.

 

Not in trouble, and I can afford my mortgage. We're upside down on a zero down, interest only, but we can still afford it. We got the house for about 9% below what comparables were selling for. However, since the value of everything has declined so much, now we're upside down a bit.

 

Our reset, which I believe was 6 or 8 years out, raises our total PITA monthly payment only about $100--less than a 5% increase over the total payment. I know because I read the TILA payment schedule at closing. I'm not worried about making the payment, unless I lost my job.

 

If I lost my job, all bets are off in this economy. Look for work, take a lower paying job and a second job, take a lower paying job and go late a few months and apply for a mortgage adjustment, short sale, try to rent it out, et al. All depends. If all else fails, there's jingle mail, but I'd try to negotiate some less adverse reported on my CRs.

 

If it happened, I wouldn't take options off the table. Had creditors calling me in the past. Now I'm just better armed with knowledge gained, umm, er, out there in the Wild Wild West of the World Wide Web on evil credit repair forums. Increasingly, CAs seem dumber and more willing to commit overt violations of the FDCPA. I know because I get calls on my answering machine from CAs who have the wrong number looking for people who don't live with me and I don't know. I guess I really should stop writing my home number on bathroom walls.

 

Message 8 of 13
Established Member

Re: COMMUNITY POLL: Are you in mortgage trouble?

I'm not in any trouble as I have no mortgage but I am unable to qualify with the new standards.
Message 9 of 13
Valued Member

Re: COMMUNITY POLL: Are you in mortgage trouble?

Not in  trouble but does keep me on my toes...The mortgage crisis will improve when jobs improve...Smiley Indifferent
Message 10 of 13