topic Re: COMMUNITY POLL: Are you in mortgage trouble? in Community Polls

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

Barry — Fri, 19 Jun 2009 17:03:59 GMT

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

Re: COMMUNITY POLL: Are you in mortgage trouble?

BungalowMo — Mon, 20 Apr 2009 23:12:25 GMT

Hmmm...where's the poll??

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

Re: COMMUNITY POLL: Are you in mortgage trouble?

haulingthescoreup — Mon, 20 Apr 2009 23:15:15 GMT

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.

Re: COMMUNITY POLL: Are you in mortgage trouble?

BungalowMo — Mon, 20 Apr 2009 23:54:17 GMT

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

Re: COMMUNITY POLL: Are you in mortgage trouble?

haulingthescoreup — Tue, 21 Apr 2009 00:34:54 GMT

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.

Re: COMMUNITY POLL: Are you in mortgage trouble?

fused — Wed, 22 Apr 2009 04:14:04 GMT

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

Re: COMMUNITY POLL: Are you in mortgage trouble?

Imhotrodcrazy — Wed, 22 Apr 2009 22:03:41 GMT

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.

Re: COMMUNITY POLL: Are you in mortgage trouble?

Anonymous — Wed, 29 Apr 2009 18:48:39 GMT

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.

Re: COMMUNITY POLL: Are you in mortgage trouble?

Anonymous — Thu, 07 May 2009 04:36:10 GMT

I'm not in any trouble as I have no mortgage but I am unable to qualify with the new standards.

Re: COMMUNITY POLL: Are you in mortgage trouble?

cabana7 — Sat, 09 May 2009 10:30:12 GMT

Not in trouble but does keep me on my toes...The mortgage crisis will improve when jobs improve...

Re: COMMUNITY POLL: Are you in mortgage trouble?

Anonymous — Wed, 17 Jun 2009 08:59:21 GMT

yeah i agree with cabana7. any problem with regards to financing and businesses is co related to jobs...mostly

___________ ^^ _____________

mortgage, real estates

Message Edited by llecs on 06-17-2009 04:59 AM

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

Anonymous — Wed, 24 Jun 2009 02:37:42 GMT

I called my bank and found out that I may qualify for a mortage reduction. Awesome. I cannot add any home improvement money, can just lower the interest rate by 2-3%. I only have 75K left to pay. Had I applied in April when the program first came out, I was told the interest rate would have been 4%, with no closing costs. Now I'll have almost 6k in closing costs with interest rate of 4.75 I still have to wait to see if I'm approved

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

Anonymous — Thu, 10 Sep 2009 09:51:49 GMT

I think you have made the right decision at the right time may be you got the right advice and you were well informed unlike me.