posted on May, 23 2012 @ 12:52 AM
Oh boy! I need to get this out of my system.
My husband and I filed for bankruptsy recently. Everything has been going really well with the whole process and one of the big things for us was
saving our modest home from foreclosure. Our attorney worked out a reaffirmation agreement with our mortgage provider, HFC. I couldn't believe they
were willing to negotiate, but our area is economically depressed and many homes are for sale, but none are moving. I guess that had something to do
To make a long story short, we were presented with the reaffirmation paperwork with our new affordable payment amount on it. The original loan was
for around $86,000.00. we owed around $1000 in property taxes that HFC had paid and around $5000 in deferred interest. The reaffirmation was for a
total of $85,000.00 still owed although we had paid on the house for six years already, but I specifically questioned the wording of the document,
because it sounded like they left a loophole that would allow them to tack on fees later. I put nothing past them at all!
Anyway, our attorney contacted them with our concerns and was assured we had nothing to worry about. Yesterday, I called to make our first payment
on our reaffirmed mortgage and the fellow I spoke with informed me that our new payment was as agreed in our paperwork with the addition of an extra
$168 per month until our past taxes and deferred interest was paid. I was mortified and quite angry. I refused to make payment before contacting our
I contacted the lawyer and she called HFC who advised her that we owed them this and she must have overlooked it. She apologized, but I explained
that I have a copy of our last statement from Feb 2012 showing our principle as $77,000 and taxes at $1000 and deferred interest at $5000. (These are
close estimates for ease of explaining on here). After pointing out that our statements show if you add the whole thing together you get about what
was agreed to be our total for reaffirmation, our attorney asked for a faxed copy of the bill. she hates the way these crooks treat people and I am
sure she will fight valiantly for us. I think HFC figured they could use their pretty language to double-dip and make us pay for our deferred interest
and taxes twice! The d@#% creeps!!!
I don't care if these banks are to big to fail or not. We will already pay more than our house is worth, plus we paid for banks we didn't even do
business with in the first place. They need to be stopped. How come we can go to jail for extortion, but they can extort money from us as they see