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The Watercooler
Ain't our government great....NOT
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<blockquote data-quote="TeDo" data-source="post: 513560"><p>There is nothing our state office can do, they go strictly with federal guidelines. The timing hoovered for in my case. If I had become unemployed 3 months earlier, I could have gotten the federal extensions. </p><p></p><p>What I don't understand is that NO other mortgage company can garnish government income (except tax refunds) but the government can? That makes no sense. Like cutting our income is going to help in any way. I can't even sell my house because under this program if I sell it I have to pay back the entire balance of the subsidy I've received....11 years worth. With the value of houses here going WAY down here (mine has gone down 20,000) and there being soooo many houses for sale already, there is no way I could sell it for what the mortgage balance is much less enough to cover the subsidy. And since they apparently are exempt from the garnishment laws, I will be paying them back for the rest of my natural life.</p><p></p><p>My ONLY hope is that they FINALLY make a decision to approve the moratorium and decide soon!</p></blockquote><p></p>
[QUOTE="TeDo, post: 513560"] There is nothing our state office can do, they go strictly with federal guidelines. The timing hoovered for in my case. If I had become unemployed 3 months earlier, I could have gotten the federal extensions. What I don't understand is that NO other mortgage company can garnish government income (except tax refunds) but the government can? That makes no sense. Like cutting our income is going to help in any way. I can't even sell my house because under this program if I sell it I have to pay back the entire balance of the subsidy I've received....11 years worth. With the value of houses here going WAY down here (mine has gone down 20,000) and there being soooo many houses for sale already, there is no way I could sell it for what the mortgage balance is much less enough to cover the subsidy. And since they apparently are exempt from the garnishment laws, I will be paying them back for the rest of my natural life. My ONLY hope is that they FINALLY make a decision to approve the moratorium and decide soon! [/QUOTE]
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Ain't our government great....NOT
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