Clarification

OK I feel the need to clarify a few things for people out there that are interested but hesitant to help out. This is a very complicated situation and it’s difficult for me to know what I should post and what I shouldn’t. I know I won’t be able to answer everyone’s questions but I’m going to try to hit the most important ones. I think the easiest way to do this is to create a sort of time line so you can get an idea of what happened. I’m going to try NOT to go into the intimate details of every little thing so I know there will still be some people with questions. All I can say is, don’t hesitate to contact me if you need to know more.

2000   February 29, Leap Day. We signed all the papers buying the house we paid
(with closing and other costs) $72,000

2003    April The company I work for goes bankrupt.
June I file Ch 13 myself in an effort to try to control mounting bills and lack of income.

2005    My unemployment exhausted and no indication of any kind of a job forthcoming, we are again feeling a financial pinch. I begin searching for some way to keep our house and come in contact with a group called ‘Trust Program”. In May we sign papers with them putting our house (actually the title to it) into a real estate trust.
August, Ray injures his back and is out of work for 3 months.
September, I return to college to get my degree in Graphic Design.

2006-7 We make numerous attempts to re-finance our house so we can pay off the trust and get the title to our home back. No one has told us that we won’t be able to re-finance because now we actually don’t own our house due to the title being in the name of the trust.

2007 January, We have to have our truck repaired to pass inspection. Due to the fact we have been putting off a number of repairs we end up paying over $2500 to get everything done. We are now behind on the payments to the trust. We get a letter dated January 11th indicating we need to make our monthly payment of $978.61 plus additional late and unspecified charges for a grand total of $3481.00. We can not raise enough money to satisfy this. Until we can pay this and additional monies which are now accumulating monthly our mortgage will not be paid.
May 6, the trust has come to term and is officially terminated. After the failure of our last attempt to re-finance we resign ourselves to having to sell the house. Without our knowledge or approval the attorney for the trust signs a real estate agreement with a real estate agent we had been talking to about selling the house. We were NOT given the opportunity to read the agreement or sign it ourselves and were NOT allowed to set the sale price of the house.

September 11, 2007 we are named as the plaintiffs in a class action suit against all of the parties involved in the trust transaction. (Yes we finally found an Attorney)

January 4, 2008 the attorneys did get the trust to release our title so we ccould work with our mortgage company, but it took months and the bank has added thousands in fees on to what we owe on the regular mortgage.

August 18, 2008 We have signed papers to close out the law suit and will have to remove much of the information about how we came to be in our current prediciment. I am going to try to maintain as much of the sight as will not violate the terms of our agreement to end the suit. As of this date I am still looking for work ad we are still facing homelessness. Foreclosure fees, late fees, attorney fees and back mortgage payment are adding up in an unbelievable manner. If only savings & retirement accounts generated that kind of income...

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Our mortgage company will not do a work out of our back mortgage payments because of all the fees and penalties that we now owe.
Our mortgage is in foreclosure and headed for a foreclosure sale.

December 15, 2009 After numerous attempts to find a way to keep our house, our home,
we have finally had to admit defeat...
...on Tuesday December 15th at 11AM the house was auctioned off and as no one
met the asking price it reverted back to the bank. We have a VA loan so the VA will take
possesion and ultimatly put the house up for sale. We live in Massachusetts so fortunatly
we don't have to move out right away. We'll have a few weeks to possibly a few months
to find someplace else to live.
Thank you to everyone who tried to help us Save Our House.

We weren’t looking for a hand out and we didn’t just want people to pay for our house for us because we were too lazy to do anything for ourselves, we did try.
Ray is still a wire platter; he makes $11.90 an hour and works overtime when it’s available. Living on one income in Massachusetts is tough to do when you’re on salary, when you work by the hour if you don’t work, you don’t get paid.
I'm still looking for work but I only have an Associates degree. I have at least 2 years of school left to get a Bachelors degree which is what most employeres require now. I’m also permanently partially disabled. While ineligible for disability or SSI I am limited as to what I can do. (In case you’re wondering Iwas an honor student with a GPA of 3.93.)
We were and will continue to try to help other people like us who in difficult situations and who are trying to keep their own homes.

 

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