I am 62 years old, a diabled veteran and father of three minor children (one of whom has an ADA qualified disability). We experienced a 75% reduction in income due to the real estate market collapse in the Las Vegas metropolitan area. Until 2008, I paid my mortgage in full and on time every month for 15 years. The real estate collapse signalled an unforeseeable, long-term change of circumstances.

I didn’t apply for a loan modification to get out from underneath my obligation or any part of it- I sought a lender’s accomodation where I would pay what I owed under the original loan agreement, but on new terms that would provide me affordable monthly payments in light of the change in my income circumstances- i.e. I sought a re-fi of sorts. No go.

The response I received proves you can get blood out of a dead turnip if you are a bank and the turnip is really stupid. I chose not to play and REJECTED the lender’s proposal because, as Forrest Gump’s mother said, “Stupid is as stupid does!”

My home is now worth less than half of what is owed, and it’s value continues in free fall with no bottom in sight. I really don’t care anymore about honoring my obloigation, now that the veil is lifted and I see in the light of day what a grotesque and despicable person I am really dealing with.

Years ago there was a country-western song called “You can take this job and shove it!”. My mantra is, “You can take this house and shove it!” Be happy, live credit free!

Well, excuse me for saying so, but hey Wells, Chase, et. al., “Bite me.” Actually, “Bite us”.

11/08 my husband lost his job, rehired 2/09, 3/09 i lose my job. i am unable to find employment until aug/09. i called wells fargo in june they put me in a forebearance agreement but i still paid using my credit card for food and gas. i was told i needed a escrow account to g=apply for hamp, i was told i would be modified by oct/nov i was working now. i sent paper work by fax (did not know about the black hole then which still exists with even fed ex hmm ps does anyone know how the judges are handling these cases)
i had to resend my paper owrk numerous times, also calling waiting oon my escrow accout it was insane. jan/10 i was denied a hamp loan. no reason i did everything right so wells rago gives me a wells fargo modification my mortgage wnet down only 60$!, i was escrowed which raised it up 268 bucks . well ovwe 1400 i could not afford. the lady on the phone i called after i got the mod paper work was so mean. i call it the take it or leave it mod. either sign the papers or go into foreclsoure some choice. after adding 10k to my underwater mortgage i only paid 5 months i became under emplyed by the bp spill and my husband got sick. so now we are atit again. lost paper work, denied hamp, foreclosure. i retained a lawyer and plan on fighting this. will accept all help need as much education as i can about foreclosure defense we need to win these dogs. and save our homes and neighborhoods