Talk:Helping Families Save Their Homes Act of 2009

I sure wish people would UNDERSTAND! We found a house last year that we COULD AFFORD! We were told by our loan broker that we could NOT get an FHA loan; only a non-conventional or "subprime" loan and we, as idiots, BELIEVED THEM! We were told that everything would be fine, that we would get into a home that we could afford and it would be a good home, to not worry about anything, it was just preliminary paperwork we were signing....WHAT HAPPENED?! We received our home, at a 9.95% rate, with a prepay penalty, interest only loan with an ARM in 5 years.

Why didn't we stay in our condo and continue renting? BECAUSE FOR THE LAST TWO PROPERTIES WE RENTED, WE HAD GREEDY SOB'S who decided that with the inflated housing rates, they should sell quickly and make $$$$$$ money! So we live in one condo for a year..Its sold. We move to another property...Its sold. Guess how much $$$$ it costs EACH TIME TO MOVE!!!!! I decided that because I had A TEENAGE daughter and the cost of MOVING each YEAR was too $$$$$, we wanted to buy. NOT FOR PROFIT like all the rest of the investors did, and ARTIFICIALLY INFLATED ALL OF THE HOME PRICES IN ARIZONA, but we wanted to live in our home, get refinanced in a couple of years to a mortgage that would INCLUDE TAXES AND INSURANCE (Oh..did I forget to mention? The predatory lender didn't mention the taxes and insurance were not included) and be on track. Then..Hubby is a truck driver. The CONSTRUCTION INDUSTRY collapsed! guess what. Not only did he lose ONE job, but he lost THREE JOBS IN A MONTH! Each job he took because we were DESPERATE not to lose our home (living from paycheck to paycheck doesn't give us a lot of room for savings, does it?) NOW...We are one month in arrears in our mtg. I try to make 1/2 payment to them at least, and call them IMMEDIATELY when we realized we were in trouble. Did they accept the payment? Sure!!!AND TACKED ON ALL KINDS OF PENALTIES AND LATE FEES. DID THEY HELP US WHEN WE CALLED? OF COURSE NOT! BECAUSE THE GREEDY INVESTORS THAT GAVE US THE LOAN DIDN'T WANT TO HELP! So, fordfse....Don't you DARE blame the little guys.....The banks are OBVIOUSLY NOT GOING TO BE RESPONSIBLE, AND THEY HAVE NOT BEEN RESPONSIBLE, and it is INVESTORS ! who have caused the unreasonable bubble on the housing market and assisted in the crash. I'm sick and tired of hearing people say too bad. I would like to see them ONE day away from foreclosure!!!!!!!! You would think differently...I'm not against you, just many of your line of thinking...and..don't think it won't affect you. It effects ALL OF YOU WHEN HOUSES AROUND YOU GO INTO FORECLOSURE!!!!Especially your property values.A group of Greedy little irresponsible capitalists got us into this mess. Predatory lending got us into this mess. The Predatory lenders should be made to "EAT THEIR LOANS!" I have a predatory loan and can prove it, but have been told by an attorney it would cost $10,000 to prove it in an Arizona Court. Stupid, huh? Ok. I'm off of my soapbox now. I am just sick and tired of hearing people say its all the borrower's fault. Its about responsible borrowers trying to get a home because they wanted something of their own and it was becoming too expensive to buy, and predatory lenders and greedy little investors causing the crash.