they said NO. even though our mortgage is currently 61% of our monthly gross income.
they also encouraged us to continue paying our mortgage on time and if we think that we might have problems doing that in the future, we should call a specific number.
go fuck yourselves b of a. no, seriously. GO.FUCK.YOURSELVES.
the whole point with TRYING to get our loan modified, was so that we wouldn't have to stop paying. was so that you would help us. even though you have it noted, that defaulting on our loan is immanent.
i don't know how you sleep at night, people who run and are in charge of this program, and at this point, i honestly don't give a shit. i'm passed caring and trying to make this work. i'm passed being beyond stressed out because we have to make this ridiculous house payment.
so now my question is... when i stop paying on the house and let it get foreclosed on.... what REALLY happens to my credit?
i want to know what the reality is if i let this happen? how will i be impacted? how screwed up will i be, if i default on my home loan, but stay current with everything else?
how long will things be screwed up, or is there some sort of understanding in regards to people whose credit is messed up solely due to losing their home? you know, since it's happened to so many people in the past few years?
i really want/need to know.. so if you know anyone who got foreclosed on, or if you walked away from your house- can you please tell me how it impacted your credit, your ability to get new things, your life?
and thanks. :)