Re: OT... Bad News... Foreclosure (Long)

Posted by NCWayne on January 04, 2012 at 21:36:22 from (69.40.232.132):

In Reply to: OT... Bad News... Foreclosure (Long) posted by Ken Christopherson on January 04, 2012 at 06:26:12:

Ken, just reread the threads below and I see one of your major mistakes. You state you got your first check and spent part of the money to pay on your credit card. That's the wrong thing to do. Like the man at the bank basically told me "I own your house, you have to take care of me first.", and he was right. Because we did that we both still have the house and also have a banker that has told us if we need anything to come see him because he knows by our actions throughout the whole deal where our priorities are and will never doubt our sincerity to repay any loan they make to us.

That said, you sound alot like me in that you seem like your conscientious about paying your debts and don't like being put in the position you were put in. What you have to remember is that you are now dealing with a company with no conscience and you have to become the same way. Regardless of what happens, forclosure, etc your credit is SHOT. That being the case your better off with it being shot over money owed to the card companies and living in a house rather than due to losing a house you no longer live in and coming out with absolutely nothing. Being faced with the same situatuion myself I chose the house over the card companies. I had NO debit other than a motrgage until I got married and caught up in a custody battle over my 4 year old step daughtery. My wife and I had to lay out alot of money for lawyers to handle a case brought against my her ((LONG stort short, but--Custody battle between her and the biological father who had completely denied the child from birth and through the insuing 4 years, who had never seen or had any contact with her, his choice, yet filed for FULL custody and was asked to be paid support to be paid to him)))Between the economy and the lawyers alot was put on cards to get us through. I had no problem paying until things hit rock bottom and I had to make choices as to who got paid and who didn't. Now the card companies are after me hard to get their money. I've told them they'll get their money just as soon as I've got it in my hand and have tried to reach an agreement with them but they want guarantees I can't make and I've told them as much. Heck I even offered them the amount owed in 'real property' and told them to have the yard sale with the stuff like one smart a$$ that called recommended I do. In the end all they can do is get a judgment against me with a life of 10 years, and that's it. Basically they can't really take anything from me of any value to cover what they want both because of NC laws and also because I don't own anything worth the amount owed that they can lay a hand on, judgment or not. In the end they will just have to do without until I get back on my feet and can pay off my debt to them, because taking care of my family comes first. I've gotten to the point that the way I see it as I owe the money the people on the phones calling me will have a job also..so I'm doing my part to prevent unemployeement. Not the way I like to see things but it's better than the alternative.

I really HATE having to look at things this way but the alternative would be for me and my family to be out on the street after me paying on a house for nearly 18 years. Too my viewpoint now sure beats the alternative I went though when this whole mess began of me being up all night, and then barely functional the next day, due to worrying about the whole mess and letting it really get to me. Basically I figured out i just had to say screw the card companies, I'm gonna pay the man that owns the roof over my head, and take things as they come from that point. As a result this past year hasn't been the greatest I've ever had but it was alot better than '09 and '10 except for still having card companies calling wanting me to guarantee them several hundred dollars a month instead of any I have left over after the necesities like mortgage, power, and food are paid for.

All that said, as bad as you will probably feel doing it you have to lose your conscience and become just as ruthless as those who want 'your house'. From there, really think about what is the most inportant thing to you and put all your money in that direction. In the end the bank can be more of a friend to you than a card company will ever be. Once again GOOD LUCK.

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